According to current regulations, in Article 58 of the Law on Social Insurance 2014, employees who have paid compulsory social insurance for more than the number of years corresponding to the pension rate of 75%, when retiring, in addition to the pension, are also entitled to a one-time subsidy. 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 salary for social insurance contributions. For voluntary social insurance participants, Article 75 of the Law on Social Insurance 2014 stipulates: Employees who have paid social insurance for more than the number of years corresponding to the pension rate of 75%, when retiring, in addition to the pension, are also entitled to a one-time subsidy. 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 for social insurance contributions.

Employees who pay social insurance and have exceeded the maximum pension period by 75% will receive a one-time benefit. Illustration: Chi Hieu

In case of paying social insurance for more than the number of years corresponding to the pension rate of 75% with odd months, it is calculated as follows: From 1 to 6 months is counted as half a year, from 7 to 11 months is counted as 1 year. Compared to the current Social Insurance Law, the Social Insurance Law 2024 has changed 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 Social Insurance Law 2024 has changed the conditions for receiving a one-time subsidy upon retirement. Accordingly, male workers with a social insurance payment period of more than 35 years, female workers with a payment period of more than 30 years, when retiring, in addition to the pension, are also entitled to a one-time subsidy. The level of one-time subsidy for each year of payment exceeding the above time is equal to 0.5 times the average salary used as the basis for social insurance payment for each year of payment exceeding 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 of reaching the 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 should be increased for those who have paid more than the time of participating in social insurance to receive the maximum pension (75%). Source: https://vietnamnet.vn/nguoi-lao-dong-ve-huu-duoc-nhan-tro-cap-mot-lan-2308535.html