According to the provisions of Clause 1, Article 169, Labor Code 2019, employees (employees) participate in bao Social insurance (social insurance) is entitled to pension when meeting two conditions: ensuring the period of social insurance payment according to the provisions of law and reaching retirement age.
From 2021 years old Retirement for employees under normal working conditions is 60 years and 3 months for male employees and 55 years and 4 months for female employees. Then each year it increases by 3 months for male employees 4 months for female employees. The roadmap to increase the retirement age is implemented according to the following table.
Thus, from 2024, the prescribed retirement age under normal working conditions for male workers will be 61 years old and for female workers will be 56 years and 4 months. However, in some cases, employees who have paid social insurance for 20 years can retire and enjoy pension before the prescribed age.
Conditions for employees to enjoy pension are specified in many related laws. such as the Labor Code, Social Insurance Law… However, the conditions for receiving pension before age are specified in the most detail in Article 219 of the Labor Code 2019. Accordingly, there are 8 cases of employees who have paid social insurance for 20 years to retire before the prescribed age. above.
