Workers have many opportunities to receive pensions.

Ms. Nguyen Thi Hong (64 years old, residing in Hoa Hiep Trung ward) participated in voluntary social insurance on June 1, 2021 (when she was 61 years old) and has been participating for nearly 4 years now. According to the old Social Insurance Law, she had to pay for more than 16 years to receive a pension. However, with the Social Insurance Law 2024 taking effect from July 1, 2025, Ms. Hong only needs to pay for another 11 years to receive a pension or receive monthly social benefits from her own contributions if needed and be granted a free health insurance card.

“When I heard that the new Social Insurance Law reduced the time to pay social insurance to receive pension to 15 years, I was very happy. I will pay according to my ability to have peace of mind that I will have a pension to take care of myself,” Ms. Hong shared.

Reducing the time requirement for social insurance contributions to receive pension from 20 years to 15 years is also the motivation for Mr. Bui Ngoc Thanh (Tuy Hoa ward) to continue participating in voluntary social insurance for his wife. “I have been participating in voluntary social insurance contributions for my wife for nearly 3 years. As working couples, we proactively participate in voluntary social insurance contributions, paying monthly so that we can have a salary in the future and a free health insurance card. My children will also have less burden to worry about their parents,” Mr. Thanh said.

Mr. Huynh Ngoc Tran (Tuy Hoa ward) bought voluntary social insurance as a gift for his relatives.

With the regulation reducing the minimum number of years of social insurance contributions to receive pension from 20 years to 15 years, the Social Insurance Law 2024 has created opportunities for those who start participating in social insurance late (those who start participating at the age of 45 - 47), participate intermittently or do special jobs with a short working time (when reaching retirement age, they still do not accumulate enough 20 years of social insurance contributions) to also have the opportunity to receive monthly pension and have health insurance throughout the pension period.

The Social Insurance Law 2024 clearly stipulates the monthly pension level. Accordingly, for female workers, the rate is 45% of the average salary used as the basis for social insurance contributions corresponding to 15 years of social insurance contributions, then for each additional year of contributions, an additional 2% is calculated, with a maximum of 75%. For male workers who have paid social insurance for 15 to under 20 years: 15 years of contributions correspond to 40%, each additional year of contributions increases by 1%, 20 years of contributions correspond to 45%. Then for each additional year of contributions, an additional 2% is calculated, with a maximum of 75%.

“With a stable monthly pension, periodically adjusted by the State and during the pension period, the Social Insurance Fund will buy a health insurance card, with a benefit of 95% of medical examination costs, and benefits for 5 consecutive years, the medical examination and treatment will contribute to better ensuring the lives of workers. From there, more people will be guaranteed pensions and health insurance when they retire,” said Deputy Director of the Provincial Social Insurance Phan Ngoc Luan.

According to Mr. Phan Ngoc Luan, the amended Social Insurance Law in 2024 has inherited and developed current regulations suitable for practice, amended inappropriate regulations, ensuring feasibility, long-term, and consistency with the 2019 Labor Code on retirement age and pension age conditions. This regulation also contributes to encouraging employees to maintain the period of social insurance payment, reducing the number of people withdrawing social insurance at one time.

According to the 2024 Social Insurance Law, in addition to reducing the minimum number of years of social insurance contributions to receive pension from 20 years to 15 years, employees with a longer period of social insurance contributions will still receive pension with a higher pension rate unchanged compared to current regulations.

Source: https://baodaklak.vn/xa-hoi/202510/nguoi-lao-dong-co-nhieu-co-hoi-duoc-huong-luong-huu-64816e1/