One of the benefits most of the people join social insurance (SI) is entitled to a pension in old age. So, successful, how to be pensioners highest?
In the spirit of Article 65 and Article 74 of Law on social insurance 2014:
The monthly pension for the case of SI compulsory and voluntary SOCIAL insurance scheme are calculated by 45% of the average wages/income social insurance contributions and respective with the number of years of social insurance as follows:
– Male employees retirement in 2018 is 16 years, 2019 is 17 years, 2020 is 18 year 2021 is 19 years, from 2022 onwards is 20 years;
– Women workers retire from 2018 onwards is 15 years.
Then just add each year, the employee is additional 2%; maximum 75%.
Thus, the pension depends on the SOCIAL insurance contribution (the average wages/income SOCIAL insurance contribution) and the number of years of SOCIAL insurance.
1/ About the close: Close as much pension as high
The case of participation in SOCIAL insurance mandatory
The SOCIAL imperative is the average monthly salary for SOCIAL insurance. Rate this higher level of pension is also high, respectively.
Under section 2.6, clause 2 and clause 3, Article 6 Decision 595/QD-BHXH monthly salary minimum not lower than the minimum wage and a maximum of no more than 20 times the salary base.
It should be noted, salary social insurance contributions is not the real wage received by workers, but usually it is lower level (not lower than the minimum wage).
However, there are also a number of units employers want to attract and retain high-quality human resources has closed SOCIAL insurance for workers equal to the real wage (maximum no more than 20 times the salary basis).
For example: He received the salary is 15 million/year, the salary of SI is also 15 million vnd/month. Respectively, the pension of you, this will also be high salary SOCIAL insurance contribution.
The case of participation in voluntary SOCIAL insurance scheme
According to clause 1, Article 10 of the Decree 134/2015/ND-CP, the voluntary SOCIAL insurance scheme every month by 22% income level month due to participant selection (low-level standard poverty of rural areas and the highest equal to 20 times the salary basis at the time of closing).
In it, the poverty line in rural areas according to the Decree 07/2021/ND-CP is now 700,000 vnd/month.
Other than SOCIAL insurance mandatory, people participate in voluntary SOCIAL insurance scheme are selected income levels to make the base closes. If income is taken as the base closes the higher the level of pension as well as many.
2/ About the timing SOCIAL: Close as long, pensions as high
Both cases involved SOCIAL insurance mandatory and the case of participation in voluntary SOCIAL insurance scheme, duration of SI also directly affect the pensions of participants. In it, the general rule is: Close as long is entitled to a pension as much.
To easily visualize, can see the example below:
For example: He A retired 2022 and at retirement, he has 35 years of SI. Then:
– The first 20 years of SOCIAL insurance contribution, corresponding to 45%.
– 15 years longer, respectively: 15 x 2% = 30%.
Total, mr. A is entitled to the maximum pension is: 75%. The average SOCIAL insurance contribution.
He B retired 2022 and at retirement, he has 22 years of SI. Then:
– The first 20 years of SOCIAL insurance contribution, corresponding to 45% of the average salary of SI
– 02 remaining years, respectively: 2 x 2% = 4%.
Total, mr. B is entitled to a pension is only 49% of salary, the average salary of SI
According to sources, the Law of Vietnam
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