Pension recalculation repayment: 20 years of service, 30 years, 40 years, how much is repaid?
Recently, the adjustment of pensions and the recalculation of arrears of wages are being carried out in an orderly manner.
In recent years, with the development of China's economy and the changes in social structure, the old-age security system has also been continuously improved and adjusted. In order to better meet the pension needs of retirees, China** decided to recalculate and reissue the pensions of some retirees, the purpose of this policy is to further improve the quality of life of retirees, so that they can better enjoy their old age.
Reasons for recalculation of pensions Retroactive pensions.
Differences in individual contributions: There may be many differences in the social insurance contributions paid by some pensioners during their working years, and some may not pay these differences in time for various reasons, which can lead to unfair entitlements to a pension after retirement.
The impact of prices: Prices will inevitably affect the cost of living for the elderly. To solve this problem, our country must adjust the pension level in a timely manner to ensure that the basic life of pensioners is not subject to a major impact, and return to the pension for supplementary payment, precisely in order to better adapt to the current price level in the future.
20, 30 and 40 years of service, what is the amount of pension calculated retroactively at the end of 23 years?
How much do you actually receive for 20, 30, and 40 years of service if paid for the whole year (i.e., January to December of each year?).
1) Lao Wang retired at the beginning of this year, and has paid for 20 years, and the basic pension will increase by 100 yuan per month, and a total of 1,200 yuan will be repaid from January to December.
2. ** Work for 30 years, the actual payment period is 25 years, and the basic pension is regarded as the payment period of 5 years, with a monthly increase of 150 yuan, and a transitional pension, which increases by 25 yuan per month, so the retirement pension is 2100 yuan.
3) Lao Mei has worked for up to 40 years, the basic pension will increase by 200 yuan per month, the transitional pension will increase by 75 yuan per month, and the retroactive retirement fee will be 3,300 yuan.
Although there are regional differences and differences, the longer the length of service, the higher the payment base and the number of years of payment, and the higher the amount of retroactive pension, but the amount of retroactive pension is also affected by a variety of factors.
The factors affecting the basic pension, such as the individual payment base, the pension insurance payment period, the retirement age, the local average monthly wage, constitute the calculation formula of the basic pension, in which the individual payment base and the payment period of the pension insurance are the factors that directly determine the amount of the basic pension, the higher the payment base, the longer the payment period, the higher the basic pension.
The factors affecting the transitional pension are the pension calculation base of the year, the proportion of individual contributions, the payment period and the transition period, etc., of which the first two have a more direct and stimulating impact on the transitional pension, the higher the base, the higher the individual contribution ratio, the higher the transitional pension.
What are the stages of pension recalculation and replacement?
Stage 1 – Determination of accrual accounting.
The pension calculation base is the basis for calculating the pension after retirement issued by the relevant departments of China, which is determined according to the average wage level of employees in the region in the previous year, the general price index and other factors.
Stage 2 – Application Procedure.
In order to clarify the basis for calculation, the pensioner must provide the necessary documents. First of all, the worker must provide the necessary documents to the social security institution, such as ID card, household registration booklet, work certificate, social security card, etc. The competent education department will then check all these documents to confirm the calculation base and the number of years of payment.
Stage 3 – Accounting and Retroactive Payments.
After verification, the education authorities will determine the amount of the pension to be paid back on time, based on the new stimulus technology and the number of years of potassium in the calculation.