My name is Nguyen Thi Hanh, born October 1, 1968. I have been paying social insurance premiums for 33 years as of June 30, 2021. I want an early retirement on July 1, 2021. So, what is my pension calculation percentage up to this point? And what is the calculating method? Thank you very much!
According to Article 169, Labor Code No. 45/2019/QH14, retirement ages of employees in normal working conditions shall be gradually increased to 62 for males by 2028 and 60 for females in 2035.
From 2021, the retirement ages of employees in normal working conditions shall be 60 years 03 months for males and 55 years 04 months for females, and shall increase by 03 months for males and 04 months for females after every year.
Currently, there are no guidelines by competent state agencies on how to calculate the pension based on the retirement age specified in the Labor Code No. 45/2019/QH14, therefore, we cannot answer in detail about how to calculate your pension yet.
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VSS - ISSA Guidelines on Social Security