Circular 01/2025 clearly outlines the early retirement benefits for eligible civil servants and public employees, as approved by authorized agencies. Under this regulation, workers not only receive immediate pension payments but also enjoy attractive lump-sum benefits in accordance with current policies.
Benefits for Early Retirees
According to Decree 135/2020 and Decree 178/2024, civil servants subject to workforce reduction are entitled to special benefits, including:
- Immediate pension: No reduction in pension rates due to early retirement.
- One-time retirement allowance: Based on the number of months retired early.
- Annual early retirement bonus: Calculated based on years retired ahead of schedule.
- Service duration allowance: Related to mandatory social insurance contributions.
Detailed Breakdown of Allowances
Case 1: 2 to 5 Years Before Retirement Age
1. One-Time Retirement Allowance
For those retiring within the first 12 months, the calculation is as follows:
From the 13th month onward, the calculation changes according to new regulations.
2. Annual Early Retirement Bonus
Each full year of early retirement (12 months) grants 5 months of current salary.
3. Service Duration Allowance
- First 20 years of service: 5 months of current salary.
- From the 21st year onward: 0.5 months of current salary.
Case 2: 5 to 10 Years Before Retirement Age
1. One-Time Retirement Allowance
The calculation is similar to the case of retiring within the first 12 months.
2. Annual Early Retirement Bonus
Each full year of early retirement (12 months) grants 4 months of current salary.
3. Service Duration Allowance
The regulations are similar to the group retiring 2 to 5 years before retirement age.
Case 3: Less Than 2 Years Before Retirement Age
Individuals in this category follow the same one-time retirement benefit calculation as those retiring within the first 12 months.
Conclusion
The early retirement policy due to workforce reduction offers significant benefits to civil servants and public employees. Understanding how these benefits are calculated helps workers plan their personal finances effectively. For more details, readers can visit the official website of the Social Insurance Agency or contact them directly for specific guidance.
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