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In the previous article, Brother Bao explained to everyone the standards for division of "old people", "new people" and "middle people", so that everyone can find their own "coordinates" and understand the group they are in. So today, Brother Bao will talk about their respective pension benefits.
pension benefits are calculated and the "old measures for the elderly", "new measures for the new people" and "members and people-to-members" are implemented in accordance with national regulations.
# Let’s first look at the benefits of urban employees’ pension insurance#
, “Old Methods for Elderly People”, means “old people” who have retired before the implementation of the unified system, and their basic pension payment will still be paid to the pension according to the local standards, and will enjoy the additional subsidy for the normal adjustment of pensions in the future. In other words, the implementation of “ unified account combined with ” has basically no impact on this group, and it will receive as much as you should.
, "New People's New Methods", Since "new People" is the "unified account combination" implementation, they have established a personal account from the beginning and recorded their personal account storage. When they retire in the future, they can receive a basic pension monthly if they have paid 15 years in their personal payment. The formula for calculating the basic pension is:
Basic pension = Basic pension + Personal account pension
Basic pension = Social average wage in the previous year* ((individual average contribution index + 1)/2)*1%* Payment period
Personal account pension = Personal account storage amount/ counting months
Speaking of counting months, the counting months of Enterprise Pension Insurance personal account is going through two stages. The first stage is Guofa No. 26 in 1997, which stipulates that the counting months of personal account of retirees is 120 months; the second stage is Guofa No. 38 in 2005, which stipulates that the counting months of 60 years old, 55 years old and 50 years old are 139, 170 and 195 months respectively. See the table below for details:
, "Means in the People", people are the most complex group, and their retirement benefits are of certain special nature.
According to regulations, "Chinese people" not only enjoy basic pensions and personal account pensions, but also have to pay transitional pensions . The calculation method of
transitional pension is implemented according to the dominant "middle-person" transition method proposed by the Ministry of Labor and Social Security, that is, the index method refers to the calculation method of the pension for transitional years using the method of contribution pension in the document "Notice of the Ministry of Labor on the Pilot Reform of Basic Pension Calculation Measures" (Ministry of Labor [1993] No. 275). The calculation formula is:
basic pension = basic pension + personal account pension + transitional pension
basic pension and personal account pension
basic pension and personal account pension
basic pension and personal account pension
basic pension and personal account pension are the same as newcomers, transitional pension = average wages of employees in the previous year when they retired * average wage index of their own contributions * coefficient (between 1.0%-1.4%, determined by each province and city after calculation) * years of payment before the critical point of middle-person.
# Let’s take a look at the “elderly” and “newcomer” policies for pension insurance in government agencies and public institutions, which are similar to the “elderly” and “newcomer” policies for pension insurance in government agencies and public institutions. The retired "elderly people" still implement the original regulations, and the "new people" who participate in the work after the policy is implemented completely in accordance with the new policy.
The most complicated thing is the "middle-level person". According to the principle of smooth transition, on the basis of issuing basic pensions and personal account pensions, the transitional pensions will be paid based on the length of the deemed payment. The reform has established a 10-year transition period. During the transition period, the "Chinese" retirement method is compared to the new and old benefits calculation methods, and the minimum limit is high.
is specifically: if the new method (including occupational pension benefits) is lower than the old method, it will be distributed according to the old method standards; if it is higher than the old method standards, the excess will be paid. If it is higher than the old method standards, the excess will be paid by the person who retires in the first year (October 1, 2014 to December 31, 2015), the excess will be paid by 20% of the person who retires in the second year (January 1, 2016 to December 31, 2016), and so on, 100% of the person who retires in the year by the end of the transition period (January 1, 2024 to September 30, 2024) will be paid by the person who retires in the past year.
"Chinese people" retirement sets a 10-year transition period. It can be seen that "Chinese people" who retire after September 30, 2024 will no longer enjoy the transitional benefits, but will directly implement the same pension calculation method as "newcomers". For example, Mr. Chen started working in 1995 and was 45 years old at the time of reform. He should be classified as a "middle-level person". He will not retire until he reaches the age of 60 in 2029. This is already past the 10-year transition period. Therefore, although Mr. Chen is also a "middle-level person", he no longer compares with the old methods when he retires, and directly calculates pensions according to the "newcomer" method.
# Finally, let’s take a look at urban and rural residents’ pension insurance#
When the implementation of the urban residents’ pension insurance system, if you are over 60 years old and have not enjoyed the basic pension insurance benefits of employees and other pension benefits stipulated by the state, you do not need to pay the fees and can receive the basic pension monthly; if you are less than 15 years old after the age of receiving, you should pay the fees annually, and you are also allowed to pay the fees, and the cumulative payment will not exceed 15 years. If you are more than 15 years old after the age of receiving, you should pay the fees annually, and the cumulative payment will not be less than 15 years old.
Pension benefits consist of basic pension and personal account pension, and are paid for life.
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