At the end of 2023, the Ministry of Human Resources and Social Security held a grand press conference, setting off waves in the pension field. For the new pension policy in 2024, there are three groups of people to pay attention to. This article will take a closer look at the specific impact of the new policy on them.
First of all,Let's take a look at the new initiatives for pensions in 2024. According to the release of the Ministry of Human Resources and Social Security, next year's pension will usher in three major reforms, including the implementation of new pension methods, the adjustment of the basic pension level of retirees in enterprises and government institutions, and the promotion of provincial overall planning of pension insurance。These reforms will have a profound impact on the lives of retirees.
So,What do these new initiatives mean for the different three groups of people?
The first group is those who are about to retire. For them, the implementation of the new pension scheme may affect their retirement income。Specifically, the new measures will comprehensively consider factors such as the number of years of individual contributions, the level of salary contributions, and the amount of personal account savings to calculate the amount of personal pensions. This means that people who have paid for a longer period of time, who have paid more wages, and who have more savings in their personal accounts, will be able to receive a higher pension. Therefore, those who are about to retire need to understand the new calculation and payment method in advance in order to better plan their retirement life.
The second group is those who have retired. For them, there is nothing more concerned than the adjustment of the basic pension level。According to the arrangement of the Ministry of Human Resources and Social Security, next year the basic pension level of retirees in enterprises, government agencies and institutions will usher in a new round of adjustment. The specific scope and scope of adjustment will be determined according to factors such as the country's economic development status and the level of wage growth of workers. For those who have already retired, this means that their pensions will be increased to a certain extent, thus improving their quality of life.
The third group of people is the majority of in-service workers. For them, promoting the provincial overall planning of pension insurance will help improve the level of protection of pension insurance。Prior to this, due to the low level of pension insurance, there were large differences in pension insurance policies in various places, resulting in the pension insurance rights and interests of some employees could not be fully protected. The implementation of provincial overall planning will help to achieve the unification and standardization of pension insurance policies and improve the level of pension insurance for employees. At the same time, with the promotion of the provincial overall planning of pension insurance, the pension insurance rights and interests of employees who move across regions will also be better protected.
In conclusion, the new pension measures in 2024 will have different impacts on different groups of people. Whether it is about to retire, retired or the majority of employees, they need to pay attention to the changes and reforms of pensions in order to better plan their future pension security.