VI The monthly social pension benefit is adjusted every three years. The government reviews and considers adjusting this benefit level according to regulations. Let’s learn more with Pham Consult!
How often is the monthly social pension benefit adjusted? Who reviews and adjusts this benefit level?
The monthly social pension benefit is adjusted every three years. The government reviews and considers adjusting the social pension benefit level to suit the socio-economic development conditions and the capacity of the state budget in each period.
In addition, depending on socio-economic conditions, budget balancing capacity, and mobilization of social resources, the Provincial People’s Committee may submit to the Provincial People’s Council for decision on additional support for recipients of social retirement benefits.
(Clause 1, Article 22 of the Social Insurance Law 2024)
What is the current monthly social retirement benefit amount?
According to Article 3 of Decree 176/2025/ND-CP, it is stipulated:
Social retirement benefit amount
- The subjects specified in Article 2 of this Decree are entitled to a monthly social retirement benefit of VND 500,000/month.
In cases where the subjects specified in Article 2 of this Decree are also eligible for a monthly social benefit, they are entitled to a higher benefit.
- Depending on socio-economic conditions, budget balancing capacity, and mobilization of social resources, the People’s Committee at the provincial level shall submit to the People’s Council at the same level a decision to provide additional support to recipients of social retirement allowances.
Accordingly, the current monthly social retirement allowance is 500,000 VND/month.
How is the funding and payment of social retirement allowances carried out?
According to Article 6 of Decree 176/2025/ND-CP, the funding and payment of social retirement allowances are as follows:
(1) Funding for the implementation of the social retirement allowance regime and policies shall be implemented according to the provisions of Clause 1, Article 31 of Decree 20/2021/ND-CP regulating social assistance policies for social protection beneficiaries.
(2) Implementation of Social Pension Payment
– Social pension benefits are paid fully and promptly every month to the correct beneficiaries;
– The selection of social pension payment service organizations is carried out in accordance with the law. The payment organization must have experience in paying social security policies, a network of transaction points in communes, wards, and special zones; be able to make payments at home for some specific beneficiaries; ensure the conditions for timely and safe payment; and have personnel to support the People’s Committees at the commune level in updating the database and monitoring changes in beneficiaries in the community;
– Payments through payment service organizations are made in a contract between the People’s Committees at the commune level and the payment service organization. The contract clearly specifies the scope, recipients of payments, payment methods (including payment via bank account, electronic payment account as prescribed by law, or direct cash payment), payment time, payment amount, payment deadline, rights and responsibilities of the parties, and other agreements related to the payment;
– Before the 25th of each month, the People’s Committee of the commune, based on the list of beneficiaries in the area; the amount of funds to be paid in the following month (including retroactive payments and funeral expenses for beneficiaries); and any remaining funds not yet paid in previous months (if any), shall withdraw the budget allocation from the State Treasury and transfer it to the deposit account of the payment service organization, and simultaneously forward the payment list to the payment service organization for payment to beneficiaries in the following month. During the payment period, the People’s Committee of the commune shall assign a person to supervise the payment process by the payment organization;
– Monthly, the payment service organization shall compile and report a list of beneficiaries who have received payments, the amount paid; a list of beneficiaries who have not yet received payments to be transferred to the following month, the remaining unspent funds, and transfer the documents (signed receipt list, bank transfer documents) to the People’s Committee of the commune before the 20th of each month for consolidation and settlement of payment funds as prescribed.
Are people receiving monthly social retirement benefits eligible for health insurance?
According to point t, clause 3, Article 12 of the Social Insurance Law 2008, amended by clause 10, Article 1 of the amended Health Insurance Law 2024, it is stipulated that:
Subjects participating in health insurance
- Group whose contributions are paid by the state budget includes:
- t) People currently receiving monthly social retirement benefits as prescribed by the law on social insurance;
- u) Workers who are not eligible for a pension and have not yet reached the age to receive social retirement benefits are currently receiving monthly benefits as prescribed by the law on social insurance.
Accordingly, those receiving monthly social retirement benefits as prescribed by the law on social insurance have their health insurance premiums paid by the state budget (receiving free health insurance).
