From 1987 to 1999, my mother worked as a worker and participated in compulsory social insurance. Since 2000, my mother has quit her job. My mother is now 52 years old and wants to participate in voluntary social insurance to receive pension. So if my mother chooses the payment rate of VND 2 million per month and pays in 2 times, how much will my mother's monthly pension will be? And how to calculate that? Sincerely thank you.
Under the provisions of Article 3, Article 5 of the Government's Decree No. 134/2015/ND-CP dated December 29, 2015:
The time for calculating to enjoy pension is the total time of paying compulsory social insurance and voluntary social insurance, excluding the time of calculation of one-off social insurance claim.
The monthly pension level must equal the monthly pension enjoyment rate multiplied by the average monthly income on which social insurance premiums are based.
It must be 45%, corresponding to 15 years of social insurance premium payment, which shall then be added with 2%, for men, or 3%, for women, for each additional year of social insurance premium payment, but must not exceed 75%;
You did not provide enough information about the progress of compulsory social insurance participation (time, salary); the time of participating in voluntary social insurance, we have no basis to respond specifically to the future pension level your mother is entitled to. We suggest you contact the social insurance agency where you reside.
Sickness
Work Injury and Occupational Disease
Survivor’s
Old-age
Maternity
Unemployment
Medical (Health Insurance)
Certificate of coverage
VSS - ISSA Guidelines on Social Security
