with the development of the national economy, the money bags of our common people are more and more bulging. For every retired old man, this year's money bags will also be bulging, because this year's pension will continue to rise. Next, let's take a look at it with sihai.com.
Recently, the Ministry of human resources and social security and the Ministry of Finance jointly issued the notice on adjusting the basic pension of retirees in 2018, which made it clear that starting from January 1, 2018, the basic pension level of retirees from enterprises and institutions who had gone through the retirement procedures and received the basic pension monthly before the end of 2017 would be improved. This also means that the pension will achieve a '14 consecutive increase'.
The reporter noted that the overall increase and adjustment level of pension this year is about 5% of the monthly basic pension for retirees in 2017. It is expected that 114 million retirees will benefit.
The reporter learned that the adjustment will continue to adopt the adjustment method of combining quota adjustment, hook adjustment and appropriate inclination. Therefore, the growth rate of each retiree is not necessarily the same, among which the quota adjustment is the same region and the same category of retirees will be adjusted. For example, in 2017, the number of retirees in Jiangsu Province increased by 38 yuan. The adjustment part of the linkage is related to the payment period and amount of endowment insurance. Before, the payment time of endowment insurance was long and the amount was high, so the increase was more naturally. The proper inclination is mainly to take care of the elderly retirees and the retirees in the hard and remote areas.
According to the requirements of the Ministry of human resources and social security of the people's Republic of China, all regions shall formulate specific implementation plans according to the deployment of the State Council and in combination with the actual situation of the region, and all regions shall submit them to the Ministry of human resources and social security and the Ministry of Finance for approval before May 31, 2018.
The reporter also learned from Xuzhou human resources and social security bureau that at present, the pension adjustment of Xuzhou in 2018 is still waiting for the detailed policy of the provincial human resources and social security department. According to previous years' experience, it should be paid in the second half of the year according to the adjusted pension.
I. calculation formula of individual social endowment insurance pension = basic pension + individual account pension [note] for those who participate in the social co-ordination of basic endowment insurance for urban enterprise employees, if they reach the retirement age stipulated by the state and the actual payment period (including the deemed payment period, the same below) is more than 15 years, the basic pension shall be calculated and issued on a monthly basis. According to the latest pension calculation method, the pension of employees at retirement consists of two parts. 2. Calculation formula of personal account pension: personal account pension = personal account deposit & divide; number of months of calculation and issuance [note] the number of months of calculation and issuance is determined according to retirement age and average life span of the population at that time. The number of calculation months is slightly equal to (average life expectancy retirement age) X12. At present, the age of 50 is 195, the age of 55 is 170 and the age of 60 is 139, which is no longer 120. 3. Basic pension calculation formula: basic pension = (monthly average wage of on-the-job employees in the province in the previous year + monthly average payment wage of my indexation) & divide; 2 & times; payment period & times; 1% = monthly average wage of on-the-job employees in the province in the previous year (1 + my average payment index) & divide; 2 & times; payment period & times; 1%. [example] suppose that when a male employee retires at the age of 60, the average monthly salary of the on-the-job employees in the province in the previous year is 4000 yuan, and the cumulative payment period is 15 years; when the average individual payment base is 0.6, the basic pension = (4000 yuan + 4000 yuan & times; 0.6) & divide; 2 & times; 15 & times; 1% = 480 yuan; when the average individual payment base is 1.0, the basic pension = (4000 yuan + 4000 yuan & times; 1.0) & divide; 2 & times; 15 & Tim Es; 1% = 600 yuan; when the average individual payment base is 3.0, basic pension = (4000 yuan + 4000 yuan & times; 3.0) & divide; 2 & times; 15 & times; 1% = 1200 yuan; when the accumulated payment period is 40 years: when the average individual payment base is 0.6, basic pension = (4000 yuan + 4000 yuan & times; 0.6) & divide; 2 & times; 40 & times; 1% = 1280 yuan; when the average individual payment base is 1.0, basic pension = (4000 yuan + 4000 yuan & times) ; 1.0) & divide; 2 & times; 40 & times; 1% = 1600 yuan; when the average individual payment base is 3.0, basic pension = (4000 yuan + 4000 yuan & times; 3.0) & divide; 2 & times; 40 & times; 1% = 3200 yuan. The average payment index was paid according to the base of 1000 last year, while the average social wage of 2000 that year was 0.5. It's easy to calculate the annual average, and then how much pension can be calculated.