Retiring but continuing to work, workers enjoy many benefits
When they retire but then continue working, workers can receive their salary, benefits and many notable benefits at the same time.
Retiring but still working: What benefits do workers get?
Ms. Le Thi Thu (residing in Hanoi) said that by December 2025, she will be eligible for retirement with 33 years of participating in social insurance (SI) under normal working conditions. However, what makes her wondering is how to calculate pensions and benefits when quitting her job. If you continue to work for a period of time before submitting your retirement application, will your benefit level change or not?
According to Hanoi Social Insurance, according to Clause 2, Article 169 of the Labor Code, the retirement age for female workers under normal conditions in 2025 is 56 years and 8 months. Thus, in December 2025, Ms. Thu is eligible for the age and duration of social insurance contributions (over 15 years) to receive a monthly pension.
According to Article 66 of the Law on Social Insurance 2024 (effective from July 1, 2025), the pension for female workers is calculated at 45% corresponding to the first 15 years of social insurance contributions; then, each additional year of contributions is calculated at 2%, not exceeding 75%.
With 33 years of social insurance contributions, Ms. Thu has achieved a maximum of 75% of the average monthly salary for social insurance contributions. If her average salary for social insurance contributions is 10 million VND/month, her pension is estimated at 7.5 million VND/month.
In addition to monthly pension, employees whose social insurance payment period exceeds the corresponding number of years corresponding to the benefit rate of 75% will also receive a one-time subsidy upon retirement.
Pursuant to Article 68 of the Social Insurance Law 2024, each year of social insurance payment exceeding the corresponding rate of 75% will receive an additional 0.5 months of average monthly salary for social insurance payment.
Accordingly, to reach 75% of pension, female workers need to have paid social insurance for 30 years. In case Ms. Thu has 32 years and 6 months of social insurance contributions, which is more than 2.5 years, she will receive a one-time allowance equivalent to about 1.5 months of the average salary upon retirement.
In case of guaranteed health and need, employees can negotiate with employers to continue working after reaching retirement age.
If she has not submitted her retirement application, Ms. Thu will still be considered an employee participating in compulsory social insurance and will continue to have accumulated payment time. Notably, according to the Social Insurance Law 2024, if employees continue to work after retirement age and still participate in social insurance, each additional year of contributions will be calculated with a one-time allowance equal to 2 months of the average monthly salary for social insurance contributions - 4 times higher than the previous regulations (0.5 months/year).
In case the employee has retired and then continues to work according to the contract agreed upon with the employer, he/she will not have to pay compulsory social insurance. At the same time, employees are still entitled to full health insurance benefits like retired people.
In reality, continuing to work after retirement age not only helps employees increase their income during the time they are still able to work, but also brings significant policy benefits, especially the one-time pension upon retirement according to the new regulations.
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