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From 2022 onwards, how much pension will you enjoy when you retire when you fully pay social insurance for 20 years?

Article 54 of the Law on Social Insurance 2014 as amended by Point a, Clause 1, Article 219 of the 2019 Labor Code stipulates that employees of full age and having paid social insurance premiums for full 20 years or more are entitled to a pension.

Accordingly, in Article 56 of the Law on Social Insurance 2014, from January 1, 2018, the monthly pension of qualified employees is calculated at 45% of the average monthly income on which social insurance premiums are based. Social insurance) and corresponding to the number of years of paying social insurance as follows:

a) Male employees will retire for 16 years in 2018; 17 years in 2019; 18 years in 2020; 19 years in 2021; 20 years from 2022 onward;

b) Female employees who retire from 2018 onwards is 15 years.

After that, for each additional year, the employees specified at Points a and b of this Clause will be charged an additional 2%; the maximum level is 75% of the monthly salary on which social insurance premiums are based.

Thus, male employees who are eligible to retire in 2022 and fully pay 20 years of social insurance will enjoy a pension equal to 45% of the monthly salary on which social insurance premiums are based.

The pension of female employees who are eligible for retirement in 2023 is calculated as follows:

– Having paid full 15 years of social insurance, they will receive 45% of the monthly salary on which social insurance premiums are based.

– After that, for each additional year of payment of social insurance, an additional 2% will be calculated.

Therefore, female employees who are eligible to retire in 2022 and fully pay 20 years of social insurance will receive a pension at the rate of 55% of the monthly salary on which social insurance is paid.

If an employee participates in compulsory social insurance, retires before age due to a decrease in working capacity, and the pension enjoyment rate is deducted, in principle, the pension enjoyment rate is calculated as above with a maximum rate of 75%; then, for each year of retirement before the prescribed age, the reduction is 2%. Therefore, the cases where the pension rate is deducted will not be entitled to the maximum pension.

https://cafef.vn/tu-nam-2022-tro-di-nghi-huu-khi-dong-du-bhxh-20-nam-huong-luong-huu-bao-nhieu-20220410110045352.chn


According to Nha Mi

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