Recently, there has been a shocking rumor circulating in the market that in order to promote the delayed retirement policy, ** intends to set the retirement age according to the length of service on a pilot basis.
It is rumored that workers with more than 30 years of service will retire at the age of 60, while those with 20 to 29 years of service will have to wait until the age of 65, and those with 15 to 19 years of service will have to struggle until the age of 70 to enjoy their old age. This rumor cleverly accomplishes the task of delaying retirement, and makes more people willingly pay pension insurance and increase their length of service year by year.
The reason why this rumor spread rapidly is mainly because it is very realistic, even specific to the numbers, and because it involves the sensitive topic of "delayed retirement" that people are concerned about, so the social security bureaus in many places have hurriedly come out to refute the rumor, for fear that the slightest carelessness will cause social panic.
However, we cannot deny that while the claim of retirement by seniority is pure fiction, it is certain that a delayed retirement policy may be introduced in the future.
At present, China's retirement age standard was formulated when the average life expectancy was more than 40 years in the early days of the founding of the People's Republic of China. Today, the average life expectancy is more than 73 years.
In order to adapt to this change, the latest plan for delaying retirement may be to steadily implement the gradual postponement of the statutory retirement age in accordance with the principles of small step adjustment, flexible implementation, categorical advancement, and overall consideration. This means that the retirement age may be gradually postponed in the future.
Many people will be worried when they see this news, for example, the aunt of the square dance is only 60 years old, if she is 70 years old, she may not be suitable for activities, how can she insist on going to work?
What is even more worrying is that if you unfortunately die before retirement age, won't the pension that has been paid for decades become a castle?Today we will discuss this issue and see if our pension is really in vain.
First, let's talk about employee pension insurance. The Social Insurance Law of the People's Republic of China stipulates that the funds in a personal account shall not be withdrawn in advance, and the interest rate shall not be lower than the interest rate of bank fixed deposits, and interest tax shall be exempted.
In addition, the balance of the personal account can be inherited and will also receive the corresponding interest. This means that you don't have to worry about losing your pension because the money is entirely yours and can be passed on to your family.
Even after retirement, if you have already started receiving a pension, your family will still be able to inherit the balance in your personal account, and the balance after deducting the part you have received will also be distributed.
However, in the case of pooled account funds, whether before retirement or after retirement, this part of the funds given to the state will not be refunded. That's because pooled accounts use a "pay-as-you-go" system, which is the amount of pension you pay for your current retirees.
Next, let's talk about resident pension insurance. Different from employee pension, resident pension insurance does not have a co-ordinated account, and the funds paid by individuals and state subsidies will go into personal accounts.
As a result, your family will be able to get back the money in their personal account, both before and after they start receiving their pension. This means that even if you unfortunately pass away before retirement, you don't have to worry about your pension being lost.