According to current regulations, in Article 58 of the 2014 Law on Social Insurance, employees who have a mandatory social insurance payment period higher than the number of years corresponding to the pension rate of 75% upon retirement, in addition to the pension, are also entitled to a one-time allowance.

The one-time subsidy is calculated based on the number of years of social insurance contributions higher than the number of years corresponding to the pension rate of 75%. Each year of social insurance contributions is calculated as 0.5 months of the average social insurance salary.

For voluntary social insurance participants, Article 75 of the 2014 Social Insurance Law stipulates: Employees whose social insurance payment period is longer than the number of years corresponding to the pension rate of 75%, upon retirement, in addition to the pension, are also entitled to a one-time allowance.

The one-time subsidy is calculated based on the number of years of social insurance contributions higher than the number of years corresponding to the pension rate of 75%. For each year of social insurance contributions, it is calculated as 0.5 months of the average monthly income of social insurance contributions.

In case of social insurance contributions higher than the number of years corresponding to the pension rate of 75% with odd months, it is calculated as follows: From 1 - 6 months is counted as half a year, from 7 - 11 months is counted as 1 year.

Compared to the current Social Insurance Law, the 2024 Social Insurance Law has changes for those who pay more than the number of years reaching 75% of their salary from the time after reaching the retirement age as prescribed by law until the time of retirement.

Article 68 of the 2024 Social Insurance Law has changed the conditions for receiving a one-time pension upon retirement. Accordingly, male workers with a social insurance payment period of more than 35 years and female workers with a payment period of more than 30 years will, in addition to their pension, receive a one-time pension upon retirement.

The one-time benefit level for each year of payment higher than the above-mentioned period is equal to 0.5 times the average salary used as the basis for social insurance payment for each year of payment higher than the retirement age.

In case the employee is eligible for pension but continues to pay social insurance, the subsidy is equal to 2 times the average salary used as the basis for social insurance payment for each year of payment higher than the maximum number of years of payment (75%), from the time after reaching retirement age as prescribed by law until the time of retirement.

Previously, when commenting on the draft revised Law on Social Insurance, many opinions suggested that the subsidy level for those who paid more than the maximum pension period for social insurance participation should be increased (75%).