Workers prefer earlier retirement over earlier pension eligibility

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A worker at a textile company in HCMC's Tan Binh District, October 2021. Photo by VnExpress/Quynh Tran

 

Many workers in the manufacturing sector are not excited about a proposal to reduce the number of years they have to pay social insurance premiums, and prefer to retire early.

 

Nguyen Minh Ga, 52, plans to quit her job at the end of the year after slogging away for 15 years, unable to handle her current workload.

 

Ga and her husband are long-time employees of the Nidec Vietnam, a subsidiary of Japanese electric motors maker Nidec Sankyo in Thu Duc. Due to a recent shift switch, they have to work the graveyard shift from 7 p.m. to 4:30 a.m. the next day; then do overtime until 7 a.m. That means 12 hours a day for VND25 million ($1,077) a month for both husband and wife.

 

Full Story: https://e.vnexpress.net/news/news/workers-prefer-earlier-retirement-over-fewer-years-of-insurance-contribution-4475604.html

 

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