I believe that many teachers are very concerned about how their pension is calculated, but because the pension calculation of retired teachers is very troublesome, many people will not calculate it, so I will tell you the calculation method below, hoping to help you.
Retired teachers belong to the staff of government institutions. In October 2014, the reform of the endowment insurance system of government institutions was promoted. In order to ensure the smooth transition of the endowment insurance system, the state has set a ten-year transition period.
During the transitional period, the pension calculation of retired teachers adopts the new method and the old method. Then, on the basis of the old method, a certain proportion of the new method is higher than the old method.
From October 2014 to December 2015, 10% will be paid for retirement, which will increase by 10% every year. However, it should be noted that this is the calculation method at retirement. After retirement, it is not the difference of increasing 10% every year, but the pension is adjusted according to the adjustment method of national retirees' pension after it is finalized.
For example, in 2016, there will be a 20% increase in retirement issuance, but in 2017, it will be adjusted according to the national pension adjustment method for retirees, instead of another 10% difference, which will become 30%.
Old method of retirement treatment:
Many people don't understand why the old method is based on the basic wage. When the Chinese retire to calculate the old method's treatment, they should follow the basic wage in September 2014.
The main reason is that we have changed our basic wage. In the past, people in government agencies and institutions didn't have to pay endowment insurance, so their wages were relatively low. After the implementation of the old-age insurance system, due to the withholding of insurance and occupational annuity, in order to ensure that their treatment is not reduced, the state has reformed the basic wage standard. Many people's basic wages have been increased by thousands of yuan, and the 2016 and 2018 basic wage standards have been increased additionally. If calculated in this way, for the same post level and salary level, if calculated according to the same 90% ratio, the retirement benefits can be even less than 12000 yuan.
Especially for the retirees in September 2014 and October 2014, the retirees in September will use the basic wage standard of the old method to calculate the retirement treatment, which will be thousands of yuan lower than the retirees in October. It is unreasonable that the pension gap is so large before and after two months of retirement.
Therefore, we have a unified starting point to use the salary standard of September 2014.
Then, the old-fashioned treatment of retirees will be increased every year in accordance with national regulations. Growth was 6% in 2016, 4.5% in 2017 and 3% in 2018. This growth rate is similar to the annual adjustment of the treatment proportion of the retired elderly.
However, since the retired workers did not consider the promotion in the following years when they used the salary scale in September 2014, the 10% difference was considered as the compensation for the salary scale not promoted.
If post promotion is carried out in the later stage, additional retirement allowance will be issued, but the difference in time is also guaranteed from the year of post promotion.
New method of retirement treatment
The new retirement treatment includes four parts: basic pension, individual account pension, transitional pension and occupational pension.
The basic pension, individual account pension and transitional pension are completely consistent with the calculation method of retirement benefits of local enterprises, and are linked to the average social wage of the previous year of retirement, and to the payment index and deemed payment index.
Occupational annuity, as a supplementary endowment insurance mechanism for retired employees of government institutions, is formulated to ensure that the treatment of relevant personnel is not reduced.
Therefore, the treatment of the four parts is generally much higher than that of the old method.
In addition, government agencies and institutions will also provide additional housing subsidies and other benefits. Retired teachers in some places can also enjoy one-off year-end rewards and other benefits.
This is the calculation method of retirement pension for retired teachers. Generally speaking, the later the retirement is, the more cost-effective it will be. One year's retirement pension will increase by 300-400 yuan or even higher. For the Chinese, the later they retire, the more affordable their pensions will be.