Many people may not have heard of occupational pension, nor know what it is. Occupational annuity is actually a pension system, but it is not an insurance system, but a unit welfare. It is a supplementary pension system for employees of government agencies and institutions. Many people may have questions about how to calculate the occupational annuity. The following is a small part of the answer for you.
1、 How to calculate occupational annuity
Occupational annuity also has a payment proportion. There are units and individuals who jointly bear the payment, and the payment proportion is calculated according to the total wage. The payment proportion is: 8% of the total wage of the unit is paid by the unit, and the payment proportion is calculated according to the annual payment, and the part paid by the individual is calculated by his own wage, and the payment proportion is 4% of the salary of the party concerned, which is withheld by the unit. For example, if your salary is 4000 yuan, the monthly annuity is 4000 * 4% = 160 yuan. After reaching the retirement age, staff members receive occupational annuity on a monthly basis.
2、 Legal basis
The payment method of occupational annuity is regulated by the general office of the State Council. According to Article 4 of the notice of the general office of the State Council on printing and distributing the measures for occupational annuity of government agencies and institutions (GBF [2015] No. 18), the payment proportion of occupational annuity is specifically specified. The original text is as follows: Article 4 the expenses required for occupational annuity are jointly borne by the unit and the staff. The proportion of occupational annuity paid by the unit is 8% of the total wage of the unit, and the proportion of individual payment is 4% of the wage paid by the unit. The unit and individual payment base is consistent with the basic endowment insurance payment base of the staff of the government agencies and institutions.
As a pension system, occupational pension is a kind of welfare treatment for civil servants and employees of public institutions, which is a supplement to pension. Occupational annuity is the same as endowment insurance. If there is a balance in an employee's account after his death, the individual balance can be inherited. The occupational annuity shall be paid in proportion.