With the development of society and the intensification of population aging, pensions and pensions have become the focus of attention. However, many people are still confused about the difference and connection between the two. This article will demystify pensions and pensions and help you better understand the concepts of both, how they are calculated, and the relevant policies.
1. Definition and difference between retirement pension and pension.
1.Pension.
Pension refers to a kind of economic compensation given by the state and the unit that the worker enjoys in accordance with the law after retirement. The payment of retirement pension is mainly based on the number of years of social insurance contributions and the amount of contributions made by the employee during his or her employment. In our country, the pension is divided into two parts: the basic pension and the personal account pension.
2.Pension.
Pension refers to a kind of social security treatment issued by the state and units to ensure the basic livelihood of retirees. The payment of pensions is mainly based on the number of years of social insurance contributions and the amount of contributions made by retirees during their employment. In China, pensions include basic pensions, enterprise annuities and personal savings pensions.
3.Distinguish.
Both pensions and pensions are essentially financial compensation for retirees, but there are certain differences between the two. Pensions focus on the contributions made by workers during their employment, while pensions focus on the basic livelihood security of retirees. In addition, the calculation of retirement pensions is relatively simple, while the calculation of pensions is more complex.
2. Retirement and pension and calculation method.
1.Pension** and how it is calculated.
The main pension is the social insurance contribution made by the employee during his or her employment. The pension is calculated as follows:
Basic pension = average salary during employment years of contribution pension insurance replacement rate.
Personal account pension = personal account savings Number of months.
2.Pension ** and how it is calculated.
Pensions include basic pensions, enterprise annuities and personal savings pensions. The pension is calculated as follows:
Basic pension = average salary during employment years of contribution pension insurance replacement rate.
Enterprise annuity = Accumulated amount of enterprise annuity plan Number of months of issuance.
Personal savings pension = the accumulation amount of personal savings pension account Number of months.
3. Policies related to pensions and pensions.
1.Pension policy.
China implements a unified pension system, including retirees from government agencies, public institutions, and enterprises. The standard of pension payment shall be uniformly stipulated by the state, and shall be adjusted in a timely manner according to the increase in commodity prices and the average wage of employees. In addition, China also encourages enterprises to establish an enterprise annuity system for employees to improve the living standards of retirees.
2.Pension policy.
China implements a multi-level pension system, including basic pensions, enterprise annuities and personal savings pensions. The standard of pension payment shall be uniformly stipulated by the state, and shall be adjusted in a timely manner according to the increase in prices** and the average wage of employees. In addition, China also encourages individuals to participate in commercial endowment insurance to improve the living standards of retirees.
IV. Conclusions. Pensions and pensions are important for retirees' livelihoods. Understanding the definitions, calculation and policies of pensions and pensions can help us better plan for retirement and ensure stability and happiness in our later years. In the context of the increasingly serious aging of China's population, improving the pension and pension system and improving the living standards of retirees have become important topics of social concern.