HCMC – The People’s Council of HCMC has approved a VND175 billion support package to assist employees impacted by workforce reductions following the restructuring of 80 wards.
The resolution, passed on December 11 during the council’s 20th session, is designed to aid individuals retiring early, transitioning to new roles, or leaving the public sector due to administrative system restructuring under Decree 29/2023.
Early retirees will receive a comprehensive package that includes three months’ salary for each year of early retirement, five months’ salary for the first 20 years of social insurance contributions, and half a month’s salary for each additional year.
Commune-level officials leaving their roles due to administrative restructuring will receive 1.5 months’ salary for each year of early retirement, along with the same five months’ salary for the first 20 years of social insurance contributions and half a month’s salary for additional years.
Female staff at the commune level are eligible for enhanced benefits, including an extra five months’ salary and an additional 1.5 months’ salary for each year of early retirement.
For those leaving their positions due to workforce reductions, the support includes three months’ salary to assist with job searches and 1.5 months’ salary for each year of mandatory social insurance contributions.
Commune-level personnel outside the workforce reduction programs who voluntarily leave their positions will receive a three-month allowance to find new employment and an additional 1.5 months’ allowance per year of social insurance contributions.
The funding for these measures will come from the state budget or self-managed unit funds, depending on the unit’s structure. The city estimates that VND175 billion will be required to implement this policy.
