On November 18, 2020, the Government issued Decree No.135/2020/ND-CP on retirement age, this document takes effect force as of January 1st, 2021.
Accordingly, the regulation on the retirement age of the employee is as follows:
Firstly, for the employee working under normal working conditions, the retirement age for male employees is full 60 years and 03 months and for the female employee is full 55 years and 04 months; thereafter, every year an increase of 3 months for male workers until they reach full 62 years of age by 2028 and each year an increase of 4 months for female workers each year until they reach 60 years of age by 2035.
Retiring at a lower age than the retirement age in normal working conditions, Employees in the following cases may retire at a lower age but not more than 05 years of age compared to the regulations at the time of retirement, except for some other cases:
Having at least 15 years doing heavy, hazardous, dangerous occupations or jobs or extremely heavy, hazardous or dangerous occupations on the list issued by the Ministry of Labor – War Invalids and Social Affairs promulgate.
Having worked 15 years or more in regions with extremely difficult socio-economic conditions, including the period of time working in areas with regional allowance coefficient of 0.7 or more before January 1, 2021
The employee suffers a working capacity decrease of 61% or more.
Have a total working time of heavy, hazardous, dangerous or extremely heavy, hazardous or dangerous occupations or work, and have worked in a socio-economic area with extreme difficulty for 15 years or more.
At the same time, this Decree also defines time points to apply the transitional regulations such as: For male employees born in December 1960 and female employees born in December 1965, working in normal working conditions. then the retirement period ends on December 31th, 2020, and the time for pension enjoyment starts on January 1st, 2021.