Paying social insurance for 25 years, how is the 2026 pension calculated?

Legal Consulting Department of Lao Dong Newspaper answers:

Clause 1, Article 66 of the 2024 Law on Social Insurance stipulates that the monthly pension level of eligible subjects specified in Article 64 of this Law is calculated as follows:

a) For female workers, it is equal to 45% of the average salary used as the basis for social insurance contributions specified in Article 72 of this Law, corresponding to 15 years of social insurance contributions, then for each additional year of contribution, an additional 2% is calculated, the maximum level is 75%;

b) For male workers, it is equal to 45% of the average salary used as the basis for social insurance contributions specified in Article 72 of this Law, corresponding to 20 years of social insurance contributions, then for each additional year of contribution, an additional 2% is calculated, the maximum level is 75%.

In case male workers have a social insurance contribution period of 15 years to less than 20 years, the monthly pension level is equal to 40% of the average salary used as the basis for social insurance contributions specified in Article 72 of this Law, corresponding to 15 years of social insurance contributions, then for each additional year of contribution, 1% is added.

Based on the above regulations, if female workers pay social insurance for 25 years and retire in 2026, they will receive the monthly pension benefit percentage as follows: 45% + 2% x (25 -15) = 65 %.

For male workers who have paid social insurance for 25 years and retired in 2026, they will receive the monthly pension benefit percentage as follows: 45% + 2% x (25 - 20) = 55%.

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