Detailed Calculation Method for Voluntary Social Insurance Pension in 2025; Online Social Insurance Pension Calculation Tools
Understanding the 2025 voluntary social insurance pension calculation method helps optimize benefits and ensure long-term security.
2025 Voluntary Social Insurance Regulations
Based on the 2014 Social Insurance Law (amended in 2025), voluntary social insurance allows freelance workers to participate and receive pensions and death benefits.
According to the latest social insurance policy, effective from July 1, 2025, the conditions for employees to receive a monthly pension have been adjusted as follows:
Minimum social insurance contribution period: Reduced from 20 years to 15 years.
Contribution Levels: From 1,800,000 VND/month (2025 base salary) to 20 times the base salary.
According to Clause 1, Point b of Article 66 of the 2024 Social Insurance Law (effective from July 1, 2025), an additional method for calculating pension benefits has been introduced for male workers with a social insurance contribution period of 15 to under 20 years. See more details here.
Conditions for Receiving a Pension under Voluntary Social Insurance
Based on Article 73 of the 2014 Social Insurance Law (amended by Point c, Clause 1, Article 219 of the 2019 Labor Code), participants in voluntary social insurance are eligible for a pension when:
The worker meets the following conditions:
a) Reached the retirement age as stipulated in Clause 2, Article 169 of the Labor Code.
b) Contributed to social insurance for 20 years or more.
Regarding age, workers must be at least 60 years and 6 months for males, and 55 years and 8 months for females, to retire.
If the above conditions are met but the contribution period is less than 20 years, workers can continue contributing until they reach 20 years to qualify for a pension.
2025 Voluntary Social Insurance Pension Calculation Method
2025 Voluntary Social Insurance Pension Calculation Method
Based on Clause 1, Article 3 of Decree 134/2015/ND-CP:
The monthly pension under Article 74 of the 2014 Social Insurance Law is calculated as follows:
The monthly pension is calculated by multiplying the monthly pension percentage rate by the average monthly income subject to social insurance contributions.
Monthly Pension = Percentage Rate (%) × Average Monthly Income Subject to Social Insurance Contributions
Breakdown:
Monthly Pension Percentage Rate
The monthly pension percentage rate is determined as follows:
The monthly pension rate is calculated at 45%
(corresponding to 15 years of contributions)
An additional 2% is added for each additional year, with a maximum of 75%.
For Males: The monthly pension rate is calculated at 45%
(corresponding to 20 years of contributions from 2022 onward)
An additional 2% is added for each additional year, with a maximum of 75%.
The number of years of social insurance contributions from 2022 onward is 20 years.
Average monthly income subject to social insurance contributions
According to Article 4 of Decree 134/2015/ND-CP:
The average monthly income subject to social insurance contributions is calculated as the average of the monthly income levels contributed to social insurance over the entire contribution period.
The income is adjusted based on the annual average consumer price index published by the General Statistics Office.
Pension Calculation for Combined Mandatory and Voluntary Social Insurance
The specific pension calculation is as follows:
Monthly Pension = [Pension Percentage Rate (%)] × [Average Monthly Salary and Income Subject to Social Insurance Contributions]
Breakdown:
Monthly Pension Percentage Rate
For Males:
- Contributing for a full 20 years of social insurance entitles you to 45%.
- After that, an additional 2% is calculated for each additional year of social insurance contributions.
- The maximum monthly pension percentage rate is 75%.
For Females
- Contributing for a full 15 years of social insurance entitles you to 45%.
- After that, an additional 2% is calculated for each additional year of social insurance contributions.
- The maximum monthly pension percentage rate is 75%.
Average monthly income subject to social insurance contributions
Calculated as:
[(Average Monthly Salary for Mandatory Social Insurance × Total Months of Mandatory Contributions)] + [(Total Monthly Income for Voluntary Social Insurance) / (Total Months of Mandatory + Voluntary Contributions)]
Online Tools for Calculating Voluntary Social Insurance Pension
To calculate your pension online, follow these steps:
Step 1:Visit the website of the Social Insurance Agency to use the online pension calculator.
Step 2:Enter the worker’s details, including full name, date of birth, social insurance card number, contribution period, and contribution salary.
Step 3:Click the “Calculate Pension” link or button to let the system automatically compute the pension based on the entered information.
Step 4:Review and confirm the entered details to ensure the pension calculation is accurate.
Step 5:Save the calculation results, download to your computer, or print them for reference or to register for pension benefits with the Social Insurance Agency.
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