My father had been working at the district health center from June 1, 1980 to May 1, 2020. He has participated in the social insurance for 40 years, was born on April 22, 1965 and has retired in the age of 55 this year according to Decree 108/2014/ND-CP. So what are the policies my father can benefit from under the Decree?
In Clause 7, Article 1 of Decree No. 113/2018/ND-CP dated August 31, 2018 amending Clause 2, Article 8 of Decree No. 108/2014/ND-CP dated November 20, 2014 of the Government on downsizing policies:
“Displaced employees stipulated in Article 6 hereof being from 55 years old to 58 years old (for men) and 50 years old to 53 years old (for women), paying social insurance premiums for at least 20 years shall get their pensions under laws on health insurance and welfares prescribed in points a and c, clause 1 hereof, and shall be granted 03-month salary for each early retirement years, compared to the provisions of Point a, Clause 1, Article 54 of the Law on Social Insurance.”
In case your father is full 55 years old, and is subject to be displaced according to Decree No. 108/2014/ND-CP, the entitlement benefits according to the above provisions include:
- To enjoy retirement regime and the pension rates are not deducted due to the retirement prior to the age;
- To receive 5-month salary allowance for the first twenty years of work with full payment of social insurance. From the twenty-first year onwards, for each working year with social insurance contributions, he will be entitled to a 1/2 month salary allowance.
- To receive a 3-month salary allowance for each year of pre-retirement compared to the provisions at Point a, Clause 1, Article 54 of the Law on social insurance.
Sickness
Work Injury and Occupational Disease
Survivor’s
Old-age
Maternity
Unemployment
Medical (Health Insurance)
Certificate of coverage
VSS - ISSA Guidelines on Social Security
