Decree 162/2026/ND-CP: 8% Increase in Pensions and Social Insurance Benefits from 1 July 2026
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Based on:Nghị định số 162/2026/NĐ-CP ngày 15/5/2026 - Government Official Gazette
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Decree 162/2026/ND-CP dated 15 May 2026 mandates an 8% increase in pensions, social insurance benefits, and monthly allowances for all recipients as of before 1 July 2026. This applies to civil servants, workers, military personnel, police, and various other categories currently receiving monthly pensions or allowances. For those who retired before 1 January 1995 whose pension, after the 8% increase, remains below VND 3,800,000/month, additional adjustments apply: a top-up of VND 300,000/person/month (if their amount is at or below VND 3,500,000) or an adjustment up to VND 3,800,000/person/month (if their amount falls between VND 3,500,000 and VND 3,800,000). This is relevant to SMEs as changes to pension benefit levels inform the social insurance contribution base adjustments that ripple through to active employees in subsequent adjustment cycles.
Decree 162/2026/ND-CP
Issued: Hanoi, 15 May 2026 | Legal basis: Social Insurance Law No. 41/2024/QH15 (as amended); National Assembly Resolution 245/2025/QH15; Resolution 265/2025/QH15
Beneficiaries (Article 1): All persons receiving pensions, social insurance benefits, or monthly allowances before 1 July 2026, including:
- Civil servants, workers, public employees, and labourers (including voluntary SI participants)
- Military personnel, police, and cipher staff
- Commune/ward-level officials under Decrees 33/2023, 34/2019, 92/2009, 121/2003, 09/1998
- Recipients of monthly work capacity loss, occupational accident, or occupational disease allowances
- Recipients under Decisions 91/2000 and 613/2010 (post-work-capacity-loss benefit age)
- Rubber plantation workers under Decision 206-CP/1979
- Military/police under Decisions 142/2008, 53/2010, 62/2011
Adjustment rates (Article 2):
- From 1 July 2026: increase of 8% on the June 2026 pension/benefit level
- For those retired before 1 January 1995 whose pension after the 8% increase remains below VND 3,800,000/month:
- Additional top-up of VND 300,000/person/month if amount is at or below VND 3,500,000
- Raised to VND 3,800,000/person/month if amount falls between VND 3,500,000 and VND 3,800,000
Funding sources (Article 3):
- State budget: for those whose benefits commenced before 1 January 1995; recipients under Decisions 91/2000 and 613/2010; and specific categories (military, police conscripts, cipher staff) under applicable decisions
- Social insurance fund: for those who started receiving benefits on or after 1 January 1995, including commune officials under current decrees