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The official pension of government retirees is 7,100 yuan, but the occupational pension is only 850 yuan, is it high?
As of late December 2023, the reform of the pension insurance system of government institutions has entered the tenth year, and the pension of the retired government and public institution personnel within the ten-year transition period is calculated according to the comparison of the old and new methods.
For example, the official pension of this retired employee is 7,100 yuan, which is considered to be an upper-middle level compared with all retirees of government agencies and institutions, because the pension of most retirees of government agencies and institutions is below 7,000 yuan.
However, although the pension of this retired employee is relatively high, the occupational annuity is only 850 yuan, is this amount high or low?
As of mid-December 2023, the implementation time of the occupational pension of government institutions is less than 10 years, and the retirement procedures have now been completed.
Because the occupational pension benefit is calculated by dividing the balance of the occupational pension personal account by the number of months of calculation, the calculable occupational pension benefit is also relatively low when the balance of the occupational pension personal account is relatively low.
Up to now, most of the occupational pension benefits of the retired personnel of the government are about 700 yuan, and only a small number of retirees can reach more than 800 yuan of occupational pension benefits, but the highest is about 1000 yuan, so the occupational pension of the retired personnel of the government can have 850 yuan, which is also considered to be the upper middle level, compared with most of the other retirees, the overall treatment of the retired personnel is still relatively high.