The person receiving the highest pension in the country is more than 120 million VND/month.

According to statistics, the person currently receiving the highest pension in the country is more than 120 million VND/month.

About 2.7 million people receive pensions, the highest being over 120 million VND/month.

Long payment period, high payment level then pension level will be high

In the 2016-2022 period, the whole country has resolved pension issues for nearly 763 thousand people (on average, about 109 thousand people per year).

Of these, about 420,000 people achieved a pension rate of 75%, accounting for 55.2% of the number of people eligible for pension benefits.

Currently, the Vietnamese social insurance (SI) sector is paying pensions to about 2.7 million pensioners. Of these beneficiaries, the majority receive between VND3 million and under VND7 million per month, with nearly 1.9 million people (accounting for 68.3% of the total number of pensioners nationwide).

In addition, many cases enjoy high pensions because during the period of participating in social insurance, the salary and income used as the basis for social insurance contributions are high (according to regulations, employees are allowed to pay social insurance up to 20 times the basic salary for each period).

According to statistics, the person currently receiving the highest pension in the country is more than 120 million VND/month.

Thus, the pension level is proportional to the social insurance contribution level and the social insurance contribution period. That means the higher the social insurance contribution level and the longer the social insurance contribution period, the higher the pension level will be.

Pension is considered the most stable source of income to help workers feel secure in their old age, ensuring a better independent life without having to depend on their children and grandchildren.

In addition to the monthly pension, employees are also given a free health insurance card during their retirement to enjoy medical examination and treatment benefits and health care paid by the health insurance fund at a rate of 95%.

In fact, the Social Insurance agency has paid hundreds of millions of dong, even billions of dong, in health insurance treatment costs for pensioners suffering from incurable or serious illnesses. In old age, the risk of facing illness and disease is higher, so sharing a large part of the health insurance fund will reduce the economic pressure on the children of retirees.

Not only that, during the pension period, if the pensioner unfortunately passes away, their relatives will also enjoy a death benefit with many benefits.

Employees can rest assured because their pensions are always adjusted appropriately, ensuring their lives.

The pension level is not fixed at the time of retirement but is periodically adjusted to increase according to the consumer price index and economic growth in accordance with the State Budget and the Social Insurance Fund to ensure the life of retirees.

From 2016 to 2022, the Government has adjusted monthly pensions and social insurance benefits 5 times with the following adjustment levels: 8% (2016); 7.44% (2017); 6.92% (2018); 7.19% (2019); 7.4% (2022) on the current pension level.

Most recently, despite economic difficulties due to the impact of the COVID-19 pandemic, pensions were still adjusted at a general rate of 7.4% from January 1, 2022.

Specifically, for those who retired before January 1, 1995, after making adjustments according to regulations (7.4%), but have low pension levels, they will continue to be adjusted (increased by 200,000 VND for those with pension levels of 2.3 million VND/month or less; increased by 2.5 million VND for those with pension levels from 2.3 million VND/month to less than 2.5 million VND/month).

The Government's regular issuance of regulations adjusting pension levels has been and is making an important contribution to stabilizing the lives of retirees, demonstrating the State's special concern for employees when they reach retirement age.

For example: Ms. Nguyen Thi A is a teacher, has 33 years and 11 months of social insurance contributions, retired from August 2014 with a pension of 4,932 million VND. After 5 pension adjustments from 2016 to present, Ms. A's pension from January 2022 to present is 7,044 million VND/month.

Amending the conditions for enjoying retirement benefits in the direction of reducing the minimum number of years of social insurance contributions

In addition, the social insurance and health insurance legal policy system is also increasingly improved in accordance with the country's socio-economic development, ensuring the rights of participants in general and retirees in particular.

Currently, according to regulations, the minimum time for employees to participate in social insurance to receive pension must be 20 years, leading to many people having a short time participating in social insurance, so when they reach retirement age, they do not accumulate enough years of social insurance contributions to receive pension.

Faced with this situation, the draft Law on Social Insurance amends the conditions for enjoying retirement benefits in the direction of reducing the minimum number of years of social insurance contribution from 20 years to 15 years to create conditions for employees who participate late, have a short time of social insurance participation, to access and enjoy social insurance benefits; supplement the maternity allowance regime to increase attractiveness, attract, and create conditions for people to participate in voluntary social insurance...

The proposed amendment to the Social Insurance Law this time aims to concretize the goals set forth in Resolution No. 28-NQ/TW of the Party Central Committee, and also to meet the aspirations of the majority of workers who want to receive pensions and have health insurance cards to take care of their lives and health when they retire.

It can be affirmed that the National Assembly and the Government always pay attention and promptly issue appropriate policies to ensure the life of pensioners. Therefore, employees can feel secure in participating and accumulating social insurance payment time to be eligible for retirement benefits - a solid "support" for employees when they retire.

Source: https://baoquocte.vn/nguoi-dang-duoc-huong-luong-huu-cao-nhat-nuoc-la-hon-120-trieu-dongthang-228384.html