Choose to receive pension or social insurance at one time

Regarding this issue, Vietnam Social Security responds as follows:

The Law on Social Insurance 2024, effective from July 1, 2025, stipulates the conditions for retirement and conditions for receiving one-time social insurance benefits as follows:

Clause 1, Article 64 stipulates: "Subjects specified in Points a, b, c, g, h, i, k, l, m and n, Clause 1 and Clause 2, Article 2 of this Law, when retiring with a period of compulsory social insurance payment of 15 years or more, shall be entitled to pension if they fall into one of the following cases:

a) Reaching retirement age as prescribed in Clause 2, Article 169 of the Labor Code;

b) Reaching the retirement age as prescribed in Clause 3, Article 169 of the Labor Code and having a total period of compulsory social insurance payment of 15 years or more when working in a arduous, toxic, dangerous or especially arduous, toxic, dangerous occupation or job on the list of arduous, toxic, dangerous or especially arduous, toxic, dangerous occupations or jobs issued by the Minister of Labor - Invalids and Social Affairs or working in areas with particularly difficult socio-economic conditions, including working time in places with a regional allowance coefficient of 0.7 or more before January 1, 2021;

c) Be at least 10 years younger than the age specified in Clause 2, Article 169 of the Labor Code and have at least 15 years of experience working in underground coal mining as prescribed by the Government ;

d) People infected with HIV/AIDS due to occupational accidents while performing assigned tasks".

Clause 1, Article 65 stipulates: "Subjects specified in points a, b, c, g, h, i, k, l, m and n, Clause 1 and Clause 2, Article 2 of this Law, when retiring with a compulsory social insurance payment period of 20 years or more, shall be entitled to a pension at a lower level than those eligible for pension specified in points a, b and c, Clause 1, Article 64 of this Law if they fall into one of the following cases:

a) Being at most 05 years younger than the age specified in Point a, Clause 1, Article 64 of this Law and having a reduced working capacity of 61% to less than 81%;

b) Being at most 10 years younger than the age specified in Point a, Clause 1, Article 64 of this Law and having a reduced working capacity of 81% or more;

c) Having worked for 15 years or more in a particularly arduous, toxic, or dangerous occupation or job on the list of particularly arduous, toxic, or dangerous occupations or jobs issued by the Minister of Labor, War Invalids, and Social Affairs and having a working capacity reduction of 61% or more".

In case Mr. Le Nam Hoang is a civil servant who has paid social insurance for 20 years, he will receive one-time social insurance according to the provisions of Clause 1, Article 70 of the Law on Social Insurance 2024 as follows:

"Subjects specified in Clause 1, Article 2 of this Law who have terminated their participation in social insurance and have a request shall be entitled to receive a one-time social insurance benefit if they fall into one of the following cases:

... b) Going abroad to settle;

c) People suffering from one of the following diseases: cancer, paralysis, decompensated cirrhosis, severe tuberculosis, AIDS;

d) People with a working capacity reduction of 81% or more; people with especially severe disabilities...".

Clause 6, Article 70 of the Law on Social Insurance 2024 stipulates: "In case the employee specified in Points b, c and d, Clause 1... of this Article is both eligible for pension and one-time social insurance, the employee can choose to receive monthly pension or one-time social insurance."

Vietnam Social Security provides the provisions of the 2024 Social Security Law on pension eligibility and one-time social security eligibility for you to compare with your own conditions (age, health status, social security payment history, job title, workplace location, etc.) or contact the social security agency where you are paying social security for specific instructions and advice.

Chinhphu.vn

Source: https://baochinhphu.vn/duoc-lua-chon-huong-luong-huu-hoac-bhxh-mot-lan-102250813095506364.htm