Sihai network

What are the policies for retirement wage adjustment? How to calculate?

With the continuous improvement of China's economic level, people's living standards have gradually improved, the level of consumption has naturally improved, and the state has appropriately adjusted the retirement wage. So next, let's learn about the policies of retirement wage adjustment? What are the pension calculation methods?

1、 What are the policies for retirement wage adjustment?

1. Before December 31, 2016, those who have been approved to go through retirement procedures and enjoy basic old-age insurance benefits on a monthly basis (excluding workers under the labor contract system who implement the retirement fee calculation and payment methods and adjustment policies of organs and institutions in organs and institutions with full financial contributions and differential contributions) shall adjust the basic old-age pension from January 1, 2016.

2. Retirees shall adjust the basic pension according to the payment years (including the deemed payment years, excluding the converted length of service, the same below). For retirees who have paid for more than 10 years, the payment period will increase by 3.5 yuan per month for each full year; For retirees whose payment period is less than 10 years (excluding retirees from rural land acquisition to work), 35 yuan will be added per person per month; For retirees whose payment period is less than 15 years, an increase of 52.5 yuan per person per month.

3. Before adjusting the basic pension according to the provisions of this circular, the retirees (excluding senior professional and technical personnel, demobilized military cadres and former industrial and commercial personnel) who are lower than the average basic pension level of 2513 yuan / month within the overall planning scope shall adjust the basic pension according to the following methods on the basis of adjusting the pension according to the payment years: if the payment years are over 30 years and above, 45 yuan per person per month; If the payment period is over 20 years but less than 30 years, an increase of 40 yuan per person per month; If the payment period is over 10 years but less than 20 years, an increase of 35 yuan per person per month; If the payment period is less than 10 years (excluding the retirees from rural land acquisition to work), an increase of 30 yuan per person per month; For retirees whose payment period is less than 10 years, an increase of 35 yuan per person per month. The adjusted basic pension of the above personnel shall not exceed 2773 yuan / month.

4. On the basis of increasing the basic pension according to articles 2 and 3 of this circular, the retirees shall adjust the basic pension according to the following absolute amount: before adjusting the basic pension according to the provisions of this circular, if the monthly pension is less than 2513 yuan, it shall be increased by 90 yuan per person per month; If the monthly pension is 2513 yuan or more and less than 3500 yuan, it will be increased by 70 yuan per person per month; If the monthly pension is 3500 yuan or more and less than 4500 yuan, it will be increased by 50 yuan per person per month; If the pension is 4500 yuan or more, it will be increased by another 30 yuan per person per month.

2、 Pension calculation method

For those who reach the legal retirement age and have paid contributions for 10 or 15 years or more, the basic pension shall be calculated and paid according to the following methods: monthly basic pension = basic pension + personal account pension.

1. Basic pension = (average monthly salary of on-the-job employees in the province in the previous year at the time of retirement + average monthly payment salary indexed by themselves) / 2 & times; My payment period) & times; 1%。

2. Personal account pension = the amount of personal account savings at retirement / the number of months corresponding to my retirement age. For those with one-child certificate, 5% of the total pension shall be increased. Those who worked on or before September 30, 1998 have a transitional pension.

Pension is the salary that workers receive after reaching the retirement age, which is also the purpose of the state to ensure the normal life of retired employees. Of course, there are specific calculation methods for pension, and the retirement wage standard is different in different regions.