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According to Article 169 of the Labor Code 2019, employees who have paid social insurance premiums for an adequate period of time as prescribed by the law on social insurance will receive pension when they reach the retirement age.

The retirement age of employees in normal working conditions shall be gradually increased to 62 for male employees by 2028 and 60 for female employees by 2035.

Since 2021, the retirement age of employees in normal working conditions has been 60 years and 3 months for male employees and 55 years and 4 months for female employees. After, each year, it increases by 3 months for male employees and 4 months for female employees.

The retirement ages of skilled employees who suffer from work capacity reduction; doing laborious, toxic or dangerous works; doing extremely laborious, toxic or dangerous works; working in highly disadvantaged areas may be younger by up to 05 years than prescribed retirement age at the time of retirement, unless otherwise prescribed by law.

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The retirement ages of skilled employees in certain special cases may be older by up to 05 years than the prescribed retirement age at the time of retirement, unless otherwise prescribed by law.

So, currently, the retirement age of employees increases each year. Specifically, starting from 2021, the retirement age of employees in normal working conditions shall be 60 years and 3 months for male employees and 55 years and 4 months for female employees. Subsequently, the retirement age increases by 3 months for male employees and 4 months for female employees each year. Therefore, in 2024, the retirement age for employees under normal working conditions shall be 61 years for male employees and 56 years and 4 months for female employees.