The decree stipulates the policy for adjusting pensions for female workers who start receiving pensions from 2018 to 2021 with social insurance contribution periods ranging from 20 years to 29 years and 6 months. The adjustment level depends on the time point and duration of social insurance contributions.
Scope of application
Female workers who start receiving pensions from January 1, 2018 to December 31, 2021, with social insurance contribution periods ranging from 20 years to 29 years and 6 months.
Key points
- Female workers who start receiving pensions during the period from 2018 to 2021 and have social insurance contribution periods ranging from 20 years to 29 years and 6 months shall have their pension levels adjusted according to Article 3 (Article 3).
- The adjustment level depends on the time point when the pension is started and the duration of social insurance contributions, specifically from 7.27% to 12.31% depending on each case (Article 3).
- The implementation date of the adjustment is calculated from the month the female worker starts receiving the pension (Article 4).
- The Social Insurance Fund ensures funding for the pension adjustments as prescribed in this Decree (Article 5).
- The Vietnam Social Security is responsible for directing the Social Security of provinces, centrally-administered cities, and the Social Security of the Ministry of National Defense and the Ministry of Public Security to implement pension adjustments as prescribed in this Decree (Article 7).
🌐 Social impact of this document
- Female workers benefit from the increased pension level after applying the adjustment policy.
- The Social Insurance Fund may face financial difficulties due to additional funding required for pension adjustments.
- The Vietnam Social Security and related units must comply with regulations to ensure the rights of workers.
❓ Frequently asked questions
How are female workers who start receiving pensions from 2018 to 2021 with social insurance contribution periods ranging from 20 years to 29 years and 6 months adjusted in terms of their pension levels?
The adjustment level depends on the time point when the pension is started and the duration of social insurance contributions, specifically from 7.27% to 12.31% depending on each case (Article 3).
When is the implementation date for the pension level adjustment?
The implementation date for the adjustment is calculated from the month the female worker starts receiving the pension (Article 4).
Who ensures the funding for the pension adjustments?
The Social Insurance Fund ensures funding for the pension adjustments as prescribed in this Decree (Article 5).
Who is responsible for implementing the pension adjustments according to the regulations?
The Vietnam Social Security is responsible for directing the Social Security of provinces, centrally-administered cities, and the Social Security of the Ministry of National Defense and the Ministry of Public Security to implement pension adjustments as prescribed in this Decree (Article 7).
When does the Decree take effect?
The Decree takes effect from December 24, 2018.
Full text
DECREE
REGULATIONS ON THE POLICY TO ADJUST PENSION FOR WOMEN WORKERS BEGINNING TO RECEIVE PENSION FROM 2018 TO 2021 WITH SOCIAL INSURANCE CONTRIBUTION PERIOD FROM 20 YEARS TO 29 YEARS AND 6 MONTHS
Pursuant to the Law on Government Organization dated June 19, 2015;
Grounds: Social Insurance Law dated November 20, 2014;
Pursuant to Resolution No. 64/2018/QH14 dated June 15, 2018 of the National Assembly;
Decree No. 07/2021/NĐ-CP
The Government promulgates this Decree on the policy to adjust pension for women workers beginning to receive pension from January 1, 2018 to December 31, 2021 with social insurance contribution period from 20 years to 29 years and 6 months.This Decree stipulates the policy to adjust pension for women workers beginning to receive pension from January 1, 2018 to December 31, 2021, with social insurance contribution period from 20 years to 29 years and 6 months, who are adversely affected due to changes in the method of calculating pension under the Social Insurance Law 2014 compared to the Social Insurance Law 2006.
Article 1. Scope of Regulation
Women workers beginning to receive pension from January 1, 2018 to December 31, 2021, with social insurance contribution period from 20 years to 29 years and 6 months.
Article 2. Applicability
Article 3. Adjustment Level
1. Women workers specified in Article 2 of this Decree shall have their pension adjusted based on their social insurance contribution period and the time they start receiving pension, according to the pension calculated under Clause 2, Article 56 or Clause 2, Article 74 of the Social Insurance Law 2014, plus the adjustment level as prescribed in Clause 2 of this Article.
2. The adjustment level is calculated as the pension calculated under Clause 2, Article 56 or Clause 2, Article 74 of the Social Insurance Law 2014 at the time of starting to receive pension multiplied by the corresponding adjustment ratio based on the social insurance contribution period and the time of starting to receive pension, specifically as follows:
Social Insurance Contribution Period
|
Corresponding Adjustment Ratio Based on Social Insurance Contribution Period and Time of Starting to Receive Pension: |
Year 2018 |
|||
|
Year 2019 |
20 years 01 month - 20 years 06 months |
Year 2020 |
Year 2021 |
|
|
20 years |
7,27% |
5,45% |
3,64% |
1,82% |
|
20 years 07 months - 21 years |
7,86% |
5,89% |
3,93% |
1,96% |
|
21 years 01 month - 21 years 06 months |
8,42% |
6,32% |
4,21% |
2,11% |
|
21 years 07 months - 22 years |
8,97% |
6,72% |
4,48% |
2,24% |
|
22 years 01 month - 22 years 06 months |
9,49% |
7,12% |
4,75% |
2,37% |
|
22 years 7 months - 23 years |
10,00% |
7,50% |
5,00% |
2,50% |
|
23 years 01 month - 23 years 06 months |
10,49% |
7,87% |
5,25% |
2,62% |
|
23 years 07 months - 24 years |
10,97% |
8,23% |
5,48% |
2,74% |
|
24 years 01 month - 24 years 06 months |
11,43% |
8,57% |
5,71% |
2,86% |
|
24 years 07 months - 25 years |
11,88% |
8,91% |
5,94% |
2,97% |
|
25 years 01 month - 25 years 06 months |
12,31% |
9,23% |
6,15% |
3,08% |
|
25 years 07 months - 26 years |
10,91% |
8,18% |
5,45% |
2,73% |
|
26 years 01 month - 26 years 06 months |
9,55% |
7,16% |
4,78% |
2,39% |
|
26 years 07 months - 27 years |
8,24% |
6,18% |
4,12% |
2,06% |
|
27 years 01 month - 27 years 06 months |
6,96% |
5,22% |
3,48% |
1,74% |
|
27 years 07 months - 28 years |
5,71% |
4,29% |
2,86% |
1,43% |
|
28 years 01 month - 28 years 06 months |
4,51% |
3,38% |
2,25% |
1,13% |
|
28 years 07 months - 29 years |
3,33% |
2,50% |
1,67% |
0,83% |
|
29 years 01 month - 29 years 06 months |
2,19% |
1,64% |
1,10% |
0,55% |
|
3. The pension level after adjustment as prescribed in Clause 1 of this Article serves as the basis for subsequent adjustments according to Article 57 of the Social Insurance Law. |
1,08% |
0,81% |
0,54% |
0,27% |
For women workers specified in Article 2 of this Decree who begin to receive pension during the period from January 1, 2018 to June 30, 2018, the adjustment of pension according to Clause 1 of this Article shall be implemented first, followed by the adjustment according to Decree No. 88/2018/NĐ-CP dated June 15, 2018 of the Government on adjusting pension and monthly social insurance benefits.
Article 4. Adjustment Time
1. The implementation time for the adjustment as prescribed in Clause 1, Article 3 of this Decree is calculated from the month the woman worker begins to receive pension.
2. For women workers who begin to receive pension during the period from January 1, 2018 to before the new pension amount is received according to this Decree, they will be entitled to back payment of the difference in pension between the old and new amounts after the adjustment according to this Decree.
The Social Insurance Fund ensures the funding for the adjustment as prescribed in Articles 3 and 4 of this Decree.
Article 5. Funding Implementation
The Social Insurance Fund ensures funding for adjustments in accordance with Articles 3 and 4 of this Decree.
Article 6. Effectiveness
This Decree takes effect from December 24, 2018.
Article 7. Responsibility for Implementation
1. The Vietnam Social Security shall be responsible for directing the social security agencies of the provinces and centrally governed cities, the Ministry of Defense Social Security, and the Ministry of Public Security Social Security to implement the adjustment of pension benefits as prescribed in this Decree.
a) The social security agencies of the provinces and centrally governed cities shall handle the adjustment of pension benefits as prescribed in this Decree for the subjects under their jurisdiction, including those cases that have been resolved by the Ministry of Defense Social Security and the Ministry of Public Security Social Security to receive pension benefits from January 1, 2018 until the day before this Decree takes effect.
b) The Ministry of Defense Social Security and the Ministry of Public Security Social Security shall handle the adjustment of pension benefits as prescribed in this Decree for the subjects under their jurisdiction who start receiving pension benefits on the day this Decree takes effect.
Annually, the Vietnam Social Security shall report to the Prime Minister and the Ministry of Labor, Invalids and Social Affairs on the results of implementing the policies prescribed in this Decree.
2. The Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, and Chairpersons of provincial and centrally governed city People's Committees shall be responsible for implementing this Decree./
PRIME MINISTER
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