Women in Vietnam who have contributed to social insurance for over 33 years can anticipate a monthly pension of about 5.7 million VND. This figure comes as part of the regulations set out in the Social Insurance Law, which outlines how pensions are calculated for early retirees.

According to a recent inquiry from a reader named Cao Thu Thủy from Hanoi, a woman born in March 1974 with 33 years and 5 months of contributions wishes to retire early in February 2027 due to a 61% reduction in work capacity. The calculation for her pension takes into account her years of contributions and the age at which she plans to retire.

The law stipulates that for every year a worker retires before the official retirement age, their pension percentage is reduced by 2%. In this case, since the woman intends to retire 4 years and 5 months earlier than the legal retirement age of 57 years and 4 months, her pension percentage will be reduced by 8% (for the 4 years). Therefore, her pension rate will be calculated as follows:

• Maximum pension rate for 33 years and 5 months: 75%
• Reduction for early retirement: 8%
• Adjusted pension rate: 75% - 8% = 67%

To determine her actual pension amount, the adjusted rate is multiplied by the average monthly salary used for social insurance contributions. In this case, the calculation is:

• 67% of 8,485,000 VND = 5,685,000 VND

Additionally, she will receive a one-time allowance for the surplus contributions made to the social insurance fund, amounting to 14,800,000 VND for 3.5 years of excess contributions. It is important to note that the actual pension amount may vary based on the average monthly salary at the time of retirement.