Hai Phong is set to allocate more than 6,000 billion VND ($240 million) to support civil servants and public employees opting for early retirement, offering them a lump sum equal to their entitlement under Decree 178/2024.

The education and healthcare sectors are expected to receive the largest share, with 4,500 billion VND ($180 million) in funding.

The Hai Phong People’s Council will hold a special session at the end of February to discuss several key policies, including a proposal for additional financial support for government employees affected by the city’s administrative restructuring.

According to the draft policy, eligible officials, civil servants, and employees who retire early or voluntarily leave their positions will receive a one-time financial package equal to their total benefits under Decree 178/2024.

Additionally, those stepping down from leadership or management positions, or being reassigned to lower-ranking roles, will receive a one-time compensation ranging from one to six months' salary.

From 2025 to 2030, Hai Phong aims to reduce 6,500 public payroll positions. The total budget for the city's additional support policy exceeds 6,000 billion VND, with 4,500 billion VND allocated to the education and healthcare sectors and approximately 75 billion VND ($3 million) designated for leadership demotions or resignations.

The early retirement policy applies to individuals who are up to 10 years younger than the official retirement age in normal working conditions or 5 years younger for those in hardship areas, provided they have completed the mandatory social insurance contribution period.

These individuals will receive a one-time pension supplement for their early retirement period and full pension benefits without deductions.

For civil servants who have more than two years until retirement but do not qualify for early retirement, those opting for resignation will receive four types of financial support: severance pay, a one-time allowance of 1.5 months’ salary per year of social insurance contributions, an option to either retain their social insurance payment period or receive a lump sum payout, and a three-month salary allowance to support job seeking.

Trong Tung