Mr. Tran Duy (Hanoi) asked: I am a male worker, born in 1964, currently 61 years and 3 months old, working under normal conditions, having paid compulsory social insurance for 18 years and 4 months, retiring to receive pension from September 1, 2025. Thus, how will my pension rate be calculated?
Lawyer Nguyen Ngoc Linh - Lawyer of Quoc Thai Law Office, Hanoi Bar Association - advised as follows:
According to the information provided, the pension rate for readers is as follows:
- The first 15 years are calculated at 40%;
- From the 16th year to the 18th year is 3 years, calculated by adding: 3 x 1% = 3%;
- 4 months are counted as half a year, calculated by adding: 0.5 x 1% = 0.5%
- The total of the above rates is: 40% + 3% + 0.5% = 43.5%.
Thus, the monthly pension rate for readers is 43.5%.
