In December, pensions have begun to be paid across the country, and it is gratifying that some new retirees have also received additional repayments for the difference, thanks to the implementation of pension recalculation and base adjustment. This article will delve into the impact of seniority and contribution index on the difference repayment, and help readers better understand the pension changes and their actual impact on retirees through specific calculation examples and case analysis.
Recently, 24 provinces and cities have announced the pension base for 2023, and other regions will also formulate new standards. With the increase in the number of new retirees, more people are expected to benefit from the difference in pensions. Let's take a look at the change in the amount of reissue with a concrete calculation example.
Suppose a new retiree, Xiao Wang, has 30 years of service and the contribution index is 12。According to the previous pension calculation formula, his average monthly salary was 5,000 yuan, while after the new base adjustment, his average monthly salary is 6,000 yuan. According to this calculation, he should have received a pension of 5,000 yuan 06 × 30 × 1.2 = $108,000 per year.
However, due to the increase in the base, Xiao Wang's actual pension will be increased accordingly. Suppose that under the new base, his pension is 6000 yuan 06 × 30 × 1.2 = $129,600 per year. This means that he will receive an additional $21,600 per year ($129,600 - $108,000) for the shortfall.
In addition to the base adjustment, the length of service and the contribution index are also important factors affecting the repayment of the difference. For example, if Xiao Li's service experience is 25 years, the contribution index is 10, other conditions remain the same, and his difference will be less than Xiao Wang's. We can further illustrate this with actual calculations.
Assuming that Xiao Li's average monthly salary is also 6,000 yuan, according to the previous pension calculation formula, his pension is 6,000 yuan 06 × 25 × 1.0 = $90,000 per year. Under the new base adjustment, his pension is 6,000 yuan 06 × 25 × 1.0 = 90,000 yuan per year, the same as before, no difference repayment.
As can be seen from the above calculation examples, the length of service and the contribution index have a direct impact on the repayment of the difference. Retirees with longer years of service and higher contribution index will receive more repayments and higher pension benefits.
In addition to the calculation example, let's take a look at a real-life case to further illustrate the practical effect of the pension difference retroactive.
Aunt Li is a retired teacher who has worked for 35 years and has a contribution index of 15。After base adjustment, her average monthly salary rose from $8,000 to $10,000. According to the previous pension calculation formula, she should have received a pension of 8,000 yuan 06 × 35 × 1.5 = $151,200 per year.
Under the new base adjustment, her pension is 10,000 yuan 06 × 35 × 1.5 = $189,000 per year. As a result, Auntie Li will receive an additional $37,800 per annum for the shortfall, which is a considerable amount of income for her and will help improve her quality of life.
Those who retire this year and are eligible can expect to receive a retroactive pension to improve their quality of life. Seniority and contribution index are important factors affecting the amount of retroactive payment, and retirees with long working years and high contribution index will enjoy higher pension benefits. Through concrete calculation examples and case studies, we can better understand pension changes and their actual impact on retirees.
We should pay close attention to pension changes to prepare ourselves and our families for the rest of our lives. Old-age security is an important policy of the country, and we should also actively participate in it to jointly promote the continuous improvement of old-age security.
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