The majority of the people who worked before the reform and retired after the reform account for the vast majority of the pension reform in government institutions. How should the pension of these people be calculated during the 10-year transitional period? How about the transition period of endowment insurance in public institutions? What will be the impact of retirement benefits after the merger? Let's take a look with Xiaobian.
How to calculate the 10-year transitional pension?
According to the policy, those who work before October 1, 2014, retire after the reform and have paid for 15 years (including deemed payment years) are called "Zhongren". In accordance with the principle of smooth transition, on the basis of basic pension and personal account pension, transitional pension will be issued according to the length of the deemed contribution period. The reform has set up a 10-year transitional period. During the transitional period, the "middle class" retirees will be given the new and old treatment, and the minimum and maximum benefits will be guaranteed.
Specifically: if the new method (including occupational annuity treatment) is lower than the old method, it shall be paid according to the old method standard; if it is higher than the old method standard, 10% of the excess shall be paid to the retirees in the first year (from October 1, 2014 to December 31, 2015), 20% shall be paid to the retirees in the second year (from January 1, 2016 to December 31, 2016), and so on (January 1, 2024 to September 30, 2024).
For example:
Mr. Wang is a cadre at the department level. Before the reform, the pension for retirees at the same level was 4000 yuan / month. If he retires in 2017 and has paid for 15 years, his pension will be calculated according to the new method. Assuming that his pension is 3700 yuan / month (including occupational pension) after calculation according to the new method, which is less than 4000 yuan, he will be given 4000 yuan / month from 4000 yuan. Assuming that his pension is 4500 yuan / month (including occupational pension) after calculation according to the new method, which is higher than 500 yuan of the old method, then the higher part will be implemented according to the 'limited height'. His retirement time is 2017, which is the third year. He should pay 30% of the excess, that is, 150 yuan (500 & times; 30% = 150), so his pension is 4150 yuan / month.
This comparison policy will be implemented until September 30, 2024. After this time point, the retirees will calculate their pension according to the new method, and no longer compare with the old method.
Are all Chinese involved in the transition period?
In the division of 'new person' and 'Chinese person', the boundary is whether to participate in work on October 1, 2014. That is to say, all those who took part in work before October 1, 2014, retired after the reform and had paid for it for 15 years are "Chinese". A 10-year transitional period is set up for the retirement of "Zhongren". The "Zhongren" who retires after September 30, 2024 will no longer enjoy the transitional treatment, but directly implement the same pension calculation and payment method as the "new couple".
For example, Mr. Chen, who is 45 years old, became a civil servant in 1995 and is a "Chinese" in this reform. Based on the current retirement age of 60 for men, Mr. Chen still has 15 years to retire, 10 years beyond the transitional period. Therefore, although Mr. Chen is also a "Chinese", when he retires, he will no longer compare with the old method and directly calculate and pay his pension according to the new method.
When and how often will pensions be adjusted?
Before the reform, the wages of retirees in government organs and institutions were adjusted simultaneously with those in service. The reform shows that the wage adjustment of retirees and employees may not be synchronized. According to the reform opinions, the pension of retirees will be adjusted according to the wage growth and price changes of employees, that is to say, the pension of retirees in government institutions will be adjusted with reference to those in service, or with the pension of retirees in enterprises.
What will be the impact of retirement benefits after the merger?
The plan clearly states that fairness and efficiency should be combined, which not only reflects the requirement of paying more attention to fairness in the redistribution of national income, but also reflects the difference in contributions between staff members. A mechanism linking treatment with payment should be established, so as to increase the enthusiasm of units and employees to participate in insurance payment.
Break the old pension only linked to the level of the situation. According to the new method, the calculation formula of pension is closely related to the average monthly salary of on-the-job workers in the previous year, the number of years of individual payment and the amount of individual account. In the future pension adjustment, the payment period will also be taken as an important parameter, reflecting the principle of paying more and getting more.