The recalculation and repayment of pensions usually occurs in the following situations: the basic information of retirees changes, such as the number of years of contributions, the contribution index, etc.;or changes in the calculation and payment base of pensions, such as the adjustment of the average salary of employees.
The specific calculation method is as follows:
1.Calculation of the difference between the basic pension: the difference between the new pension base and the old pension base is calculated and multiplied by the number of months from the month of receiving the pension to the recalculation of the pension. For example, if the basic pension at the time of retirement is calculated according to the pension calculation base in 2022, and the pension calculation base in 2023 is calculated according to the pension calculation base in 2023 when recalculated, then the base of the two years will be compared to get the difference.
2.*Adjustment** The ratio of the distribution amount to the total expenditure of the local basic pension will be calculated: according to this ratio, the difference between the pension that should be paid back per person per month will be calculated, and multiplied by the number of months of repayment to obtain the final one-time amount that needs to be repaid.
The above two methods are common ways to recalculate and reissue pensions, and which method to use needs to be determined according to the specific regulations of your location. The calculation method of the basic pension and the transitional pension involved in this process may vary from region to region, but in general, the following steps will be followed:
1.*Determine the new calculation base**:
The new pension base is usually determined on the basis of the average social wage level of the previous year.
2.*Calculation of basic pension**:
The calculation of the basic pension is usually related to the number of years of contribution and the contribution index of the individual. The formula may be similar to: basic pension = calculation base payment period contribution index
3.*Calculation of Transitional Pension**:
Transitional pension refers to a supplementary pension established during the transition period between the old and new pension insurance system in order to ensure the smooth transition of retirees. The calculation method may take into account factors such as personal account pension and basic pension.
4.*Reissue the difference**:
If the recalculated pension is higher than the pension received, the difference will be paid. The retroactive pension is paid from the month following the retiree's start of receiving the pension.
The exact formula and reissue rules may vary depending on local policies. For example, some regions may stipulate that pensions be recalculated and retropaid at a certain point each year (such as September or October), while others may adjust pensions in real time according to the new calculation base.
For accurate information, it is advisable to consult your local social insurance agency directly or check the latest pension policy guidelines issued locally. Welcome to leave a message to discuss, if you think my sharing is helpful to you, welcome to communicate and grow together!
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