Pay voluntary social insurance every 15 years to receive pension from 2025?

At the online exchange to answer questions about social insurance, health insurance, and unemployment insurance policies of Vietnam Social Security, a worker asked: "When the Social Insurance Law takes effect from July 1, 2025, my mother is 62 years old and is old enough to retire, but has not participated in social insurance. If my mother wants to participate in voluntary social insurance, can she pay 15-20 years at once to receive a pension? How is the higher contribution rate of 22% calculated?".

According to the provisions of the Law on Social Insurance effective from July 1, 2025, people who have paid social insurance for 15 years are eligible for pension, said the Vietnam Social Security.

Clause 2, Article 36 of the Law on Social Insurance stipulates that voluntary social insurance participants can pay one time for many years to come and one time for the remaining social insurance payment period to be eligible for pension.

However, at present, the Government has not issued a document guiding this content, so Vietnam Social Security has no basis for implementation.

According to Vietnam Social Security, Social Insurance Law No. 41 stipulates that the voluntary social insurance contribution rate is equal to 22% of the income used as the basis for voluntary social insurance contribution.

Employees can choose the income level as the basis for voluntary social insurance contributions, ranging from the lowest level equal to the poverty line in rural areas to the highest level equal to 20 times the reference level at the time of payment.

Vietnam Social Security answers questions about social insurance, health insurance, and unemployment insurance policies (Photo: Vietnam Social Security).

Responding to questions about pension levels according to current regulations, Vietnam Social Security said that the 2014 Law on Social Insurance stipulates monthly pension levels as follows:

From January 1, 2018, the monthly pension of employees who meet the conditions specified in Article 54 of this Law is calculated at 45% of the average monthly salary subject to social insurance as specified in Article 62 of this Law and corresponding to the number of years of social insurance payment.

Specifically: Male workers retiring in 2018 will have 16 years, in 2019 will have 17 years, in 2020 will have 18 years, in 2021 will have 19 years, from 2022 onwards will have 20 years; female workers retiring from 2018 onwards will have 15 years.

After that, for each additional year, the employee is entitled to an additional 2%; the maximum is 75%.

The monthly pension of employees who meet the prescribed conditions is calculated as prescribed in Clauses 1 and 2 of this Article, then reduced by 2% for each year of retirement before the prescribed age.

In case the retirement age has an odd time up to 6 months, the reduction is 1%, from more than 6 months, the percentage is not reduced due to early retirement.

Source: https://dantri.com.vn/an-sinh/dong-bao-hiem-xa-hoi-tu-nguyen-15-nam-mot-lan-de-co-luong-huu-tu-nam-2025-20241004092114061.htm