On July 15, 2016, the Labor, War Invalids and Social Affairs issued the Circular No. 23/2016/TT-BLDTBXH guiding the adjustment of pensions, social insurance allowances and monthly allowances according to the Decree No. 55/2016/ND-CP dated June 15, 2016 of the Government.
In accordance with the regulations in this Circular, to increase by 8% of pensions, monthly allowances for subjects for officers receiving allowances from January 01, 2015 to before May 01, 2016. Therefore, new pensions, monthly allowances equal current pensions, monthly allowances multiplied by 1.08. Nursery teachers working in nursery schools before January 01, 2016 whose pensions are lower than base wage rate. Nursery teachers that work in nursery schools before January 01, 2015 and enjoy pension before January 01, 2916 or start enjoying pensions from January 01, 2016 to December 31, 2016, if pension rate after adjustment is lower than 1,150,000 VND, it shall be adjusted to 1,150,000 VND for the period from January 01, 2016 to April 30, 2016; if it is lower than 1,210,000 VND/month, it shall be adjusted to 1,210,000 VND/month for the period from May 01, 2016.
This Circular takes effect on September 01, 2016.