Early retirement due to reduced working capacity

Employees with reduced working capacity can still receive early pension according to the provisions of law. The 2024 Social Insurance Law has clearly stipulated cases and levels of health degradation so that employees can retire earlier than the normal retirement age.

In Article 65 of the Social Insurance Law 2024, employees subject to compulsory social insurance, when they have quit their jobs and have paid social insurance for 20 years or more, if their working capacity is reduced, will receive an early pension at a lower level than those who are of normal retirement age.

Depending on the level of health decline and the nature of the work done, workers can retire 5 to 10 years early, without even having to wait until they are old enough.

3 cases of early retirement:

Pursuant to Article 65 of the Law on Social Insurance 2024, early retirement is divided into 3 main groups:

* Maximum 5 years of early retirement

Employees are allowed to retire up to 05 years before the normal retirement age if:

Having a reduced working capacity from 61% to less than 81%; and having paid social insurance for 20 years or more.

* Maximum early retirement of 10 years

Employees are allowed to retire up to 10 years in advance if:

Having a reduced working capacity of 81% or more; and having paid social insurance for 20 years or more.

* Retirement without considering age

Workers can retire immediately, without having to wait until retirement age if they meet the following requirements:

Having a working capacity reduction of 61% or more;

Having worked for 15 years or more in a particularly arduous, toxic, or dangerous job or job;

Having paid social insurance for 20 years or more.

According to Clause 2, Article 169 of the 2019 Labor Code, the retirement age under normal working conditions is being gradually adjusted to increase. Depending on the year and gender, the specific retirement age will be different. Based on this retirement age, employees with reduced working capacity will be deducted by 5 years or 10 years to determine the time of early retirement.

Employees with reduced working capacity can retire 05 to 10 years earlier than the prescribed age, or even do not need to wait until they are old enough if they have worked for a long time in a particularly harsh, toxic, or dangerous environment.

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