FROM 2022, INCREASE PENSION, SOCIAL INSURANCE ALLOWANCE BY 7.4%
The Decree No. 108/2021/ND-CP prescribing the adjustment of pension, social insurance allowance and monthly allowance is issued by the Government on December 07, 2021.
Specifically, from January 01, 2022, the amount of pensions, social insurance allowances and monthly allowances payable to the following persons shall increase by 7.4% compared to the amount of December 2021: Cadres, civil servants, workers, public employees and laborers (including those who have participated in voluntary social insurance, and retired persons transferred from the farmers’ social insurance fund of Nghe An province as prescribed in the Prime Minister’s Decision No. 41/2009/QD-TTg dated March 16, 2009), army men, servicemen of the People’s Public Security forces and persons engaged in the cipher work who are on monthly pension; Commune, ward or township officials; Persons who are on monthly working capacity loss allowance; etc.
For persons who retired before January 01, 1995 and after having their pensions adjusted as above, are receiving pensions, social insurance allowances and monthly allowances of less than VND 2,500,000/month, the specific adjustment from January 01, 2022 shall be as follows: Those whose pension, social insurance allowance or monthly allowance is VND 2,300,000 or below shall receive an additional VND 200,000/each/month, those whose pension, social insurance allowance or monthly allowance is from VND 2,300,000 to less than VND 2,500,000 shall receive an pension, social insurance allowance or monthly allowance of VND 2,500,000 each/month.
The amount of pensions, social insurance allowances and monthly allowances after being adjusted shall serve as the basis for the next adjustments to the pensions, social insurance allowances and monthly allowances.
This Decree takes effect from January 20, 2022. The provisions of this Decree take effect from January 01, 2022.
