On November 18th, 2020, the Government issued Decree No. 135/2020/ND-CP detailing the retirement age of employees. Accordingly, the retirement age of the employee in normal working conditions under Clause 2, Article 169 of the Labor Code is specified as follows:

From January 1st, 2021, the retirement age of the employee under normal working conditions is full 60 years and 03 months for male employees and full 55 years and 04 months for female employees; Thereafter, each 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 age 60 by 2035.

Specifically, the roadmap for adjusting the retirement age of employees specified in Clause 1, Article 169 is implemented according to the following table:

Male employees Female employees
Retirement year Retired Age Retirement year Retired Age
2021 60 years and 3 months 2021 55 years and 4 months
2022 60 years and 6 months 2022 55 years and 8 months
2023 60 years and 9 months 2023 56 years
2024 61 years 2024 56 years and 4 months
2025 61 years and 3 months 2025 56 years and 8 months
2026 61 years and 6 months 2026 57 years
2027 61 years and 9 months 2027 57 years and 4 months
From 2028 onwards 62 years 2028 57 years and 8 months
2029 58 years
2030 58 years and 4 months
2031 58 years and 8 months
2032 59 years
2033 59 years and 4 months
2034 59 years and 8 months
From 2035 onwards 60 years

 

In addition, Appendix I issued with this Decree also clearly stipulates the month and year of birth of an employee corresponding to the retirement age for the employee to compare.

This Decree will take effect from January 1st, 2021.

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