Since 2005, under the leadership of the central government, local governments have been increasing the minimum payment base for pensions, and this year is the 18th year of the increase in the minimum payment base.

Since 2005, local governments have raised the minimum payment base for pensions. This year is the 18th year of the increase in the minimum payment base. This year's pensions for urban workers and urban and rural residents have achieved the goal of "double increase". The real money obtained has increased, and the material life of retired elderly people can also be better and more comprehensively guaranteed. The rise in pensions has always been closely linked to many factors, and it also follows the fundamental principle of "pay more and get more, and pay more and get more and get more".

According to the current situation, the minimum pension payment base in my country will continue to rise next year. Some people say that when the pension standard increases again in the year, it should no longer be linked to the insured person's service life. How likely is this idea to be realized? First of all, it is certain that those who say this have made a mistake in a concept. Next, let’s take a look at what’s going on -

first, what are the ways to adjust pensions?

According to the situation in previous years, there are only three ways to adjust pensions nationwide, namely, quota adjustment, tilt adjustment, and linkage adjustment. Some cities have achieved unity of the three, while some places have only adopted two of them, and some areas have only used one adjustment method.

. Quota adjustment

Quota adjustment means that no matter the pension level of the insured person, insured persons in the same region will uniformly increase the same amount. This adjustment method is both simple and well reflects the principle of fairness, which is convenient for the social security department to calculate and check the insured persons.

. Tilt adjustment

Tilt adjustment Generally speaking, the tilt is those older people, which reflects the care of vulnerable groups in my country. In some places, it is also called senior tilt adjustment. We must distinguish it from the elderly subsidy. The subsidy is a fixed amount. As long as the retiree reaches the age of the age, he can apply to the relevant departments.

. Link adjustment

Link adjustment is linked to the insured person's payment period and payment base. People with longer payment period and higher payment base generally increase the amount. If you are in your city, you are using this adjustment method, and it is still necessary to choose a high base payment and extend your personal payment period.

Second, the relationship between pension adjustment and service life

From the expression of the first point, it is not difficult to find one thing, that is, these three ways to adjust pensions have no direct relationship with service life. Naturally, it does not indicate that people with long-term work experience have more advantages in the increase in pensions, while people with short-term work experience do not have the advantage.

To a certain extent, the working age does represent a person’s payment period, because according to regulations, no matter whether the company is large or small, it is obliged to pay pension insurance for employees. However, decades ago, my country's pension insurance system was not perfect, and many workers did not realize the importance of paying five insurances and one fund . It may have a working life of 30 years, but the actual payment was only 20 years.

There are two parts of pension affected by the adjustment of the contribution base, that is the basic amount and personal account pension. Basic pension = the local pension calculation base (1+ my average contribution index)/2× contribution years * 1%, transitional pension = pension calculation base * social security average contribution index * account pre-working experience (deemed as payment years) * transitional pension calculation coefficient. So when the pension increases next year, what was originally linked to is not the service life, but the number of people's payment years and other factors.

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