4 CASES ENTITLED TO EARLY RETIREMENT FROM 2021
The Government issues the Decree No. 135/2020/ND-CP prescribing retirement ages on November 18, 2020.
An employee falling into one of the following cases may retire no more than 05 years earlier than the prescribed retirement ages for employees working under normal working conditions:
Firstly, having full 15 years or more doing heavy, hazardous or dangerous occupations or jobs or extremely heavy, hazardous or dangerous occupations or jobs on the list promulgated by the Ministry of Labor, Invalids and Social Affairs.
Secondly, having full 15 years or more working in localities with extremely difficult socio-economic conditions, including the period of working in localities where a region-based allowance coefficient of 0.7 or higher is applied prior to January 01, 2021.
Thirdly, suffering a working capacity decrease of 61% or more.
Fourthly, having the total period of full 15 years or more doing heavy, hazardous or dangerous occupations or jobs or extremely heavy, hazardous or dangerous occupations or jobs and the period of working in localities with extremely difficult socio-economic conditions.
The lowest retirement age of employees from January 01, 2021 is fully 55 years and 03 months, for male employees and 50 years and 04 months, for female employees. After that, such lowest retirement age increases 03 months for male employees until it reaches full 57 years in 2028 and 04 months for female employees until it reaches full 55 years in 2035.
The Decree takes effect on January 01, 2021.
