From July 1, 2025, the conditions for receiving pensions are reaching retirement age and having paid social insurance for at least 15 years, a minimum reduction of 5 years compared to current regulations.

The 2019 Labor Code clearly states that the retirement age of employees under normal conditions will increase from 60 to 62 years old for men, and from 55 to 60 years old for women. From 2021, each year will increase by 3 months for men and 4 months for women until men reach 62 years old in 2028, and women reach 60 years old in 2035.

So by 2025, the retirement age for men is 61 years and 3 months, and for women it is 56 years and 8 months.

In addition, there are many cases where employees who are eligible for pension are still allowed to choose to receive social insurance benefits in one lump sum. These cases are stipulated in Clause 6, Article 70 of the Social Insurance Law in 2024.

According to Tuoi Tre Newspaper