From the perspective of the general public, retirement is a focus topic that benefits people's livelihood and is closely linked to the quality of life in later life. To nearly 1For the 600 million insured retirees, the level of pension is very important. As the only way for retirees to obtain economic income in their later years, the higher the standard of pension, the more adequate the living security after retirement; The lower the payment standard, the more difficult it is to achieve "the elderly have support and dependence". February** Dynamic Incentive Program
Pension level per capita
From a national perspective, the pension benefits of retired employees of enterprises are still at a low level, and there is still a gap between them and retirees of government agencies and institutions. Referring to the 2022 Statistical Communiqué on the Development of Human Resources and Social Security released by the Ministry of Human Resources in July 2023, it is not difficult for us to calculate the monthly per capita pension level of retirees from the data disclosed therein. According to the data, by the end of 2022, the number of retirees participating in the basic pension insurance for urban workers in China was 136.44 million, of which 11,530 were implementing the enterprise retirement system90,000; In 2022, the total expenditure of basic pension insurance for urban employees will be 5,903.5 billion yuan, which can be estimated that the monthly per capita pension level of retirees in 2022 will only be about 3,605 yuan, which is low compared with developed countries such as Norway and Switzerland.
Normal adjustment mechanism of basic pensionIn order to meet the growing needs of retirees for basic old-age security, the state has established a normal basic pension adjustment mechanism that is compatible with the average wage level, price level and economic development level of on-the-job employees since 2005, and achieved "19 consecutive increases" in 2023. Nationally, the overall adjustment level is 38%, benefiting nearly 1500 million retirees.
Judging from the specific adjustment rules of various provinces and cities, the adjustment methods of enterprise retirees and government retirees have been unified, and the retirees within the scope of adjustment follow the basic principle of combining three adjustment methods, that is, the combination of quota adjustment, linkage adjustment and tilt adjustment. Next, we will introduce these three adjustment methods in detail, I hope it will be helpful to you.
Quota adjustment: retirees within the scope of adjustment, whether they are retirees from enterprises or government agencies; Regardless of whether the pension level after retirement is high or low, the basic pension will be increased in accordance with the specific adjustment plan announced by the provinces and cities, which mainly reflects the principle of fairness and justice, and benefits every retiree within the scope of adjustment.
Linked adjustment: The so-called linked adjustment, that is, the adjustment of the amount of additional issuance is linked to the retiree's own payment period and personal pension level, which mainly reflects the incentive mechanism of overpayment and long-term payment. Generally speaking, the longer the payment period and the higher the level of personal pension before the adjustment, the higher the additional issuance of the linked adjustment; Conversely, the adjustment amount is relatively low.
Tilt adjustment: Tilt adjustment refers to a tilt adjustment method adopted for specific groups such as elderly retirees and retirees in remote areas on the basis of quota and linked adjustment, and the specific adjustment of the additional issuance amount varies from region to region.
In 2024, the pension of retirees may welcome "20 consecutive increases".Looking back at the average adjustment level of the basic pension of retirees in the past five years, it has basically remained in the range of 4 5%, and the Ministry of Human Resources and Social Security has issued a notice on adjusting the basic pension level of retirees in April and May. So the question is, in 2024, which has come, will the pensions of retirees usher in "20 consecutive increases" as desired?
In fact, some regions have given a clear answer to this question, but the specific adjustment level is waiting for the official announcement of the human resources and social security department. For example, in the "2024 Implementation Plan for 30 People's Livelihood Facts in the Province" released by Sichuan a few days ago, it is proposed to increase the level of pension benefits to ensure that pensions for retirees and pension insurance benefits for urban and rural residents are paid on time and in full. In this way, it can be regarded as an indirect indication that the level of pension benefits of retirees will be increased again in 2024.
In addition, the Ministry of Finance announced a set of data at a press conference a few days ago, which shows that by the end of 2023, the balance of the basic pension insurance for employees of enterprises in China will reach nearly 6 trillion yuan, which can ensure that the pension of retirees can be paid on time and in full, and also provide financial support for the further increase of pensions for retirees in 2024.
Is it true that 70 79-year-old retirees have an extra 19 27 yuan?
For 70 79-year-old retirees, in addition to the fixed amount and linked adjustment, if their pension in 2024 ushers in 20 consecutive increases, how much additional pension will be issued every month? Combined with "GDP growth in 2023 is 52%；The per capita wage income level of residents nationwide increased by 71%；The price increase in 2023 is 02%", the average adjustment of retirees in 2024 is expected to remain between 4 and 5%. Specific to each province and city, the amount of adjustment should be not much different from the adjustment plan in 2023, so we will take the adjustment data in 2023 as a reference.
Taking Jiangsu as an example, the tilt adjustment plan for retirees in Jiangsu Province in 2023 is as follows: before the end of 2022, those who are 70 years old but less than 75 years old, 75 years old but less than 80 years old, and those who are over 80 years old will be paid an additional 19 yuan, 27 yuan and 35 yuan per person per month respectively on the basis of participating in the general survey. It can be seen that in 2023, Jiangsu's inclined adjustment plan will adopt different ranges of adjustment methods for elderly retirees of different ages, 70 74 years old, with an additional 19 yuan per person per month; 75 An additional $27 per month for each person aged 79; An additional $35 per month will be issued to each person aged 80 and above. The above-mentioned adjustment plan for 2024 may not be much different from 2023, so retirees aged 70 and 79 before December 31, 2023 will receive an additional 19 27 yuan per person per month by 2024. Of course, it should be noted that this data is only used as a reference, and the specific amount still needs to wait for the latest official notice.
Conclusion
In general, it is almost a sure thing that the pension of retirees in 2024 will usher in "20 consecutive increases", as for the specific adjustment plan and adjustment level, it is still necessary to wait for the official announcement of the human resources and social security department. However, one thing is certain, given the overall economic development in 2023 and the increase in the average wage level of on-the-job employees, the adjustment in 2024 may be 3% higher than that in 20238% is a bit higher, but it is unknown how much it can be, so let's just wait and see!