From July 1, 2025, retirement benefits will increase 4 times the old level.

In addition to the monthly pension, employees also receive a one-time benefit upon retirement.

Currently, the requirement of 20 years of Social Insurance (SI) contributions to receive pension is considered too long, which has reduced the motivation of employees to participate and stay long-term to receive pension. As a result, many employees are not patient enough to withdraw SI at once, affecting their future lives, especially for those who have lost their ability to work and have no source of income when they retire, even though they have paid SI for a long time before.

The Social Insurance Law 2024 has been passed by the National Assembly and officially takes effect from July 1, 2025 with many important contents, including adjusting the conditions for receiving pensions as well as increasing one-time benefits. In order to retain employees participating in the social insurance system as well as ensuring their livelihood, the Social Insurance Law 2024 has been passed by the National Assembly and officially takes effect from July 1, 2025 with many important contents. Including adjusting the conditions for receiving pensions as well as increasing one-time benefits. Conditions for receiving one-time benefits upon retirement from July 1, 2025 According to the current Social Insurance Law 2014, employees who have paid social insurance for more than the number of years corresponding to the pension rate of 75%, upon retirement, in addition to their pension, will also receive a one-time benefit. Thus, the condition for receiving a one-time pension upon retirement according to current regulations is that the period of social insurance payment is higher than the number of years corresponding to the pension rate of 75%. This subsidy level is calculated based on the number of years of social insurance payment higher than the number of years corresponding to the pension rate of 75%. For each year of social insurance payment, it is calculated as 0.5 months of the average monthly income for social insurance payment. However, according to the Law on Social Insurance 2024 effective from July 1, 2025, this regulation has been adjusted. Specifically as follows: According to the provisions of Clause 1, Article 68 of the Law on Social Insurance 2024 (effective from July 1, 2025), male workers with a period of social insurance payment of more than 35 years, female workers with a period of social insurance payment of more than 30 years, when retiring, in addition to the pension, will also receive a one-time subsidy. Thus, from July 1, 2025, the condition for receiving a one-time pension upon retirement is having a higher social insurance contribution period: - 35 years for male workers. - 30 years for female workers.

The one-time subsidy level also changes and is regulated in Clause 2, Article 68 of the Social Insurance Law 2024.

The level of one-time benefits also changes and is regulated in Clause 2, Article 68 of the Social Insurance Law 2024, divided into 2 cases.

Firstly, in case the employee is eligible for pension and completes the procedures for receiving pension benefits, the one-time subsidy is calculated at 0.5 times the average salary used as the basis for social insurance contributions for each year of contribution higher than the provisions in Clause 1, Article 68 of the Social Insurance Law 2024 until the retirement age as prescribed by law. In this case, the one-time subsidy is the same as the current regulations under the Social Insurance Law 2014. Secondly, in case the employee is eligible for pension but continues to pay social insurance, the subsidy is equal to 2 times the average salary used as the basis for social insurance contributions for each year of contribution higher than the prescribed number of years (from the time after the time of reaching the retirement age as prescribed by law until the time of retirement and receiving pension benefits).

In case the employee is eligible for pension but continues to pay social insurance, the subsidy is equal to 2 times the average salary used as the basis for social insurance payment for each year of payment higher than the prescribed number of years.

In this case, the one-time benefit is 4 times higher than the current benefit according to the 2014 Social Insurance Law . How to calculate the one-time benefit when retiring from July 1, 2025 The Ministry of Labor, Invalids and Social Affairs guides how to calculate the one-time benefit as follows: For example: Mr. D. works under normal working conditions, at the time of retirement age, he has 38 years of social insurance contributions. However, Mr. D. does not retire to receive a pension but continues to work and pay social insurance for 3 more years before retiring to receive a pension. When retiring to receive a pension, Mr. D. has a total time of social insurance contributions of 41 years. Thus, in addition to the pension, Mr. D. is also entitled to a one-time benefit, the calculation formula is as follows: - 3 years of social insurance contributions higher than 35 years before the time of retirement age, each year is equal to 0.5 times the average salary used as the basis for social insurance contributions: 3 years x 0.5 = 1.5. - 3 years of social insurance contributions greater than 35 years after retirement age, each year is equal to 2 times the average salary used as the basis for social insurance contributions: 3 years x 2 = 6. Thus, Mr. D. is entitled to a one-time pension upon retirement equal to 7.5 (1.5 + 6) times the average salary used as the basis for social insurance contributions. Source: https://tienphong.vn/tu-172025-tro-cap-khi-nghi-huu-tang-gap-4-lan-muc-cu-post1697858.tpo