With the dawn of 2024, the majority of retirees are increasingly concerned about the adjustment of pensions. There are different opinions on the issue of linking pension growth with length of service, forming two completely different views. One view firmly believes that the length of service is the key factor that determines the growth of pensions, and the longer the length of service, the more significant the increase in pensions; Another view is that the growth of pensions is no longer only dependent on the length of service, but is more closely related to the number of years of contribution and the average wage level.
In this article, we will delve into these two points of view, and on this basis, we will conduct a comprehensive analysis of our country's pension system in 2024.
First, let's review the evolution of the pension system. Over the past few decades, our country's pension system has undergone several reforms. The original pension system was calculated based on the length of service, and the longer the service, the higher the pension. However, with the development of social economy and the intensification of population aging, the disadvantages of this system have gradually become apparent. In order to distribute pension resources more fairly and sustainably, a new pension system has been introduced, that is, a system related to the number of years of contribution and the average salary level
Judging from historical data, the correlation between the growth of pensions and the length of service has gradually weakened。While older people were able to receive higher benefits in the pension system in the past, this advantage is no longer evident under the new system. On the contrary, the number of years of contribution and the average wage level have become more important influencing factors. This means that both young and old people can receive higher pensions as long as they have paid for a long time and have a high level of wages.
The new pension system is also more advantageous from the point of view of fairness and sustainability. It can better protect the interests of those who have been paying pension insurance for a long time, and it also helps to motivate people to participate more actively in pension insurance contributions. In addition, the new system can better cope with the pension pressure brought about by the aging population and ensure the sustainable payment of pensions.
In summary,In 2024, China's pension system will continue to develop in a more equitable and sustainable direction。Although the weight of length of service in the calculation of pensions may gradually decrease, its contribution in the past system will still be recognized and reflected to a certain extent. Therefore, retirees should pay more attention to their contribution years and salary levels in order to get better treatment in the new pension system.
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