The level of pension is directly related to the quality of life of the insured after retirement. It is no exaggeration to say that whether retirees can enjoy adequate economic and living security depends to a large extent on the level of basic pensions.
Under normal circumstances, pension is the only economy for retirees aged 60 and above to maintain their old age**, the higher the pension level, the more colorful retirement life, not to worry about livelihood; The lower the pension level, it often means that it is difficult for retirees to "provide for the old and rely on the old", and even face greater problems in medical care.
Normal adjustment mechanism of basic pension
In order to meet the growing needs of retirees for basic old-age security, China has established a normal adjustment mechanism for the basic pension of retirees since 2005. In accordance with the relevant requirements of the "Decision on Improving the Basic Pension Insurance System for Enterprise Employees", the basic pension level of retired enterprise employees should be compatible with the price level and the average wage level of employees. To put it simply, with the further improvement of the average wage level and price level of on-the-job employees, the basic pension of retirees will also be adjusted in due course. It is understood that since 2005, as of 2023, the basic pension level of retirees in China's enterprises has ushered in 19 consecutive increases, reaching the standard of about 3,750 yuan per capita per month.
In 2023, the pension of retirees will "rise for 19 consecutive years".
In May 2023, the Ministry of Human Resources and Social Security and the Ministry of Finance jointly issued the Notice on the Adjustment of the Basic Pension of Retirees in 2023, which clarified the adjustment scope, adjustment level and adjustment method of the basic pension for retirees of enterprises and institutions in 2023. In addition, in 2023, we will continue to adopt a unified adjustment method for retirees of government agencies and institutions and insured employees of enterprises.
Specifically, all retirees who have gone through the retirement procedures before December 31, 2022 and receive a basic pension on a monthly basis are within the scope of adjustment. In addition, the national adjustment ratio is based on 38% sure. At this point, the pension "19 consecutive increases" expected by retirees is really a certainty.
Will the basic pension for retirees usher in "20 consecutive increases" in 2024? So the question is, will the basic pension of retirees be adjusted again in 2024? Combined with the following three points, we can draw a simple conclusion, that is, the basic pension of retirees in 2024 is likely to usher in "20 consecutive increases".
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 basic pension insurance for employees of Chinese enterprises 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;
The National Bureau of Statistics also released relevant data, and the GDP growth rate in 2023 is 52%；The per capita wage income level of residents nationwide increased by 71%；The price increase in 2023 is 02%, based on these data, it is not difficult for us to draw a conclusion that the basic pension of retirees in 2024 is expected to usher in ** again to meet the growing pension needs of retirees;
Sichuan recently issued the "2024 Provincial 30 People's Livelihood Practical Implementation Plan", which Article 13 clearly states: improve the level of pension benefits, implement the national pension insurance policy, and ensure that the pension benefits of retirees and 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.
Pension adjustment by length of service in 2024? 30 years of service, an extra 240 yuan per month? Is this statement accurate? As we all know, the adjustment of the basic pension of retirees often adopts a combination of three methods: fixed amount, linkage and inclination, which should not only reflect the principle of fair and just adjustment, but also reflect the incentive mechanism of paying more and paying more and paying more for a long time. Moreover, it is worth mentioning that the part of the linkage adjustment is mainly divided into two aspects, one is linked to the payment period; Second, it is linked to the level of my pension. From this point of view, the adjustment of the pension of retirees is related to the number of years of contribution and the level of pension.
So, can we say that the pension is adjusted according to the length of service? Obviously, this statement is not accurate! After the merger of the pension system, the retirees of enterprises and government institutions have adopted the pension security model that combines the overall planning and personal accounts, which is not directly related to the length of service, but is related to the cumulative number of years of insurance payment.
Moreover, it should be emphasized that although according to the current basic pension insurance system, the number of years of insurance payment includes the actual payment period and the deemed payment period, but the deemed payment period refers to the continuous working years of employees before the implementation of the individual payment system of pension insurance, according to the relevant provisions of the state, and this part of the length of service will generally be regarded as the deemed payment period. However, it is important to note here that the full length of service of a retired employee is not exactly the same as the deemed contribution period. Therefore, the adjustment of the basic pension of retirees can only be said to be related to the length of service, but it cannot be said that it is adjusted according to the length of service.
As for the second half of this sentence, "30 years of service, an extra 240 yuan per month?" "It's impossible to talk about it. As mentioned above, 30 years of service is not equal to the cumulative number of years of insurance payment, and the cumulative number of years of insurance payment is equal to the sum of the deemed payment period and the actual insurance payment period. Therefore, for retirees with 30 years of service, their cumulative insurance contribution period may only be 15 years. Moreover, specific to different regions, the implementation plan of the adjustment linked to the payment period is not the same, the proportion of Henan's 2023 adjustment plan as an example, in the Henan Provincial Human Resources and Social Security Department issued the "Notice on the Adjustment of the Basic Pension of Retirees in 2023", it is clearly stated that the payment period does not include the conversion of the length of service, but only according to the payment period for every 1 year of the monthly increase of 12 yuan method to be linked to the adjustment, even if the payment period (including the deemed payment period) is 30 years, the amount of additional issuance each month is only 36 yuan, and this figure is far from 240 yuan. Therefore, the above statement is not accurate.
Pensions are rising again, and three types of retirees benefit the most
In view of the above, if the basic pension of retirees in 2024 continues to be adjusted according to the combination of three methods: fixed, linked and tilted, then there will be three types of retirees who will benefit the most.
Retirees with a long period of insurance and payment: according to the incentive mechanism of long-term payment, the longer the payment period, the higher the monthly additional amount of the part that is linked to the payment period;
Retirees with a high level of personal pension before the adjustment: according to the incentive mechanism of overpayment and overpayment, if the level of personal pension itself is relatively high before the adjustment, then the part of the adjustment linked to the personal pension will also be higher in terms of monthly additional issuance;
Elderly retirees: In the tilt adjustment plan, on the basis of the general survey, all localities will also give tilt adjustment to the elderly retirees. So, from this point of view, older retirees tend to benefit more as well.
Epilogue **10,000 Fans Incentive Plan Overall,".Pension adjustment by length of service in 2024? 30 years of service, an extra 240 yuan per month? The statement is not accurate, and the figure of 240 yuan is impossible to talk about. In addition, it should be emphasized that the pension will indeed be ** every year, but it is by no means only adjusted according to the length of service, and there is no such thing as "length of service", but it is linked to the number of years of payment. Moreover, the level of pension of retirees is more related to the number of years of payment, the payment base and the monthly per capita wage level of on-the-job workers in the region.