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CHANGE OF RETIREMENT AGE IN LABOR LAW 2019
The Labor Code 2019 was officially passed by the National Assembly Viet Nam XIV on November 20, 2019. The Labor Code includes many new provisions compared to the Labor Code 2012 and if the Labor code takes effect, it’s will affect many aspects of the lives of workers. Especially in those new regulations, the increase in retirement age is most concerned by the majority of employees.
Accordingly, Clause 2, Article 169 of the 2019 Labor Code provides: “The retirement age for workers in normal working conditions is adjusted to full 62 years old for male workers in 2028 and full 60 years old for female workers in 2035.
From 2021, the retirement age for ordinary employees is 60 years and 03 months for male workers and 55 years and 04 months for female workers; after that, every year it will increase by 3 months for male workers and 04 months for female workers. ”
Therefore, the retirement age for employees in Labor Code 2019 is increase to more 02 years for male workers and 05 years for Woker women than to the old rule. This change will increase according to the roadmap so that workers can adapt to this change, as follows:
Male Worker | Female Worker | |
2021 | Full 60 years 03 months | Full 55 years 04 months |
2022 | Full 60 years 06 months | Full 55 years 08 months |
2023 | Full 60 years 09 months | Full 55 years |
2024 | Full 61 years | Full 56 years 04 months |
2025 | Full 61 years 03 months | Full 56 years 08 months |
2026 | Full 61 years 06 months | Full 57 years |
2027 | Full 61 years 09 months | Full 57 years 04 months |
2028 | Full 62 years | Full 57 years 04 months |
2029 | Full 62 years | Full 58 years |
2030 | Full 62 years | Full 58 years 04 months |
2031 | Full 62 years | Full 58 years 08 months |
2032 | Full 62 years | Full 59 years |
2033 | Full 62 years | Full 59 years 04 months |
2034 | Full 62 years | Full 59 years 08 months |
2035 | Full 62 years | Full 60 years |
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