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The old rule is that data speaks.
Referring to the "National Statistical Yearbook (2023)" released by the National Bureau of Statistics in July 2023, the data disclosed in it shows that by the end of 2022, the number of insured retirees enjoying the basic pension insurance treatment for urban employees in China has reached 13.6 billion, including 11,530 retired employees who have participated in the implementation of the enterprise retirement system90,000; Retirees of government agencies and institutions 211310 thousand.
On the whole, the total expenditure of basic pension insurance for urban employees in 2022 will be 5,903.5 billion yuan, and the number of retirees enjoying basic pension insurance benefits will be 13.6 billion, from which it can be roughly calculated that the monthly per capita basic pension standard for retirees in enterprises and institutions in 2022 is 3,605 yuan per month; From the perspective of the two types of retirees, the monthly per capita pension level of retirees in government institutions is relatively higher than that of retirees participating in enterprise employee pension insurance.
Taking Zhengzhou as an example, the local social security department has released a set of data in 2023, which shows that in 2023, Zhengzhou City will be 33The average monthly basic pension level of 270,000 enterprise employees and retirees is 3,33571 yuan; And 10The monthly per capita pension level of 630,000 retirees in government institutions and institutions is as high as 5,45034 yuan. The comparison between the two found that the latter turned out to be 163 times.
Basic pension composition and calculation formula
According to the current basic pension insurance system, the basic pension treatment of retirees in enterprises and institutions is generally composed of three parts, namely the basic pension, personal account pension and transitional pension, and the calculation and payment formula is as follows:
Basic pension = the average social wage of the province where the insured person is located in the previous year * (1 + average contribution index) 2 * cumulative insurance payment period * 1%.
Among them, it should be noted that the average payment index = (the average payment index of the actual insurance * the actual payment period + the deemed payment index * the deemed insurance payment period) the cumulative insurance payment period; Cumulative insurance payment period = actual insurance payment period + deemed insurance payment period.
Personal account pension = the cumulative amount of pension personal account storage at the time of retirement of the insured person The number of months of pension calculation
Transitional pension = the average social wage of the province in which the insured person is located at the time of retirement in the previous year * deemed payment period * deemed contribution index * transition coefficient
Among them, it should be noted that the insured personnel of government institutions and institutions participated in the work before the merger of the pension system in October 2014, and retired after the merger and the cumulative insurance payment period of 15 years or more shall be given a transitional pension on the basis of the basic pension and personal account pension.
Similarly, for enterprise employees who have a continuous working period before the establishment of a personal account in the basic pension insurance for enterprise employees in 1996, they will also be regarded as the length of the payment period according to the length of continuous working years, and then give a transitional pension on the basis of the payment of basic pension and personal account pension.
3 major factors that affect the level of pensions
Through the above-mentioned formula for the calculation and payment of the basic pension of retirees, it is not difficult to see that the factors affecting the level of pension are nothing more than three aspects:
Coordinate the level of the average social wage level of the whole caliber in the region in the previous year
Generally speaking, the more economically developed the province, the higher the social security payment base, and the higher the average social wage level of the whole caliber. Under the premise of the same number of years of contributions, the higher the level of social average salary, the higher the level of pension insurance benefits for retirees.
The contribution base of pension insurance
In the same overall planning area, the same payment time, the higher the payment base of the insured employees, which means the higher the payment index, and the high data of these two data will eventually lead to a relatively high level of pension treatment.
The length of the payment period
Generally speaking, the longer the payment period and the more the amount of contributions, the higher the level of pension treatment after retirement.
In 2024, the pension of retirees may welcome "20 consecutive increases".
As we all know, in 2005, China formally established a normal adjustment mechanism for the basic pension of retirees to adapt to the average wage level and price changes of employees, and in 2023, it will achieve the 19th consecutive increase since 2005, and the average adjustment level is 38%, and all provinces continue to adopt a combination of three adjustment methods: quota, linkage, and inclination.
So the question is, in 2024, will the basic pension level of retirees usher in "20 consecutive increases"? As of press time, the human resources and social security department has not issued a specific notice, but from the following three aspects, there is a high probability that it will continue to rise.
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.
If the pension of retirees is adjusted again in 2024, then these four types of retirees will rise the most
Retirees who have been paying for a long time
In the pension adjustment plan of retirees, it generally follows the incentive mechanism of "paying more and getting more, paying for a long time", and the longer the payment period, the more the amount of additional issuance will be adjusted and the increase will be higher.
Retirees with relatively high levels of personal pensions before the adjustment
In the scheme of linkage adjustment, in addition to the number of years of participation in the insurance payment, it will also be linked to the pension level of the retiree himself before the adjustment. Generally speaking, the higher the pension level of retirees before the adjustment, the higher the increase.
Senior retirees aged 70 and above
On the basis of the fixed amount and linked adjustment, for the elderly retirees, there are also inclined adjustment methods adopted by various localities, among which the elderly retirees aged 70 and above will often be issued an additional part of the pension according to the different age groups.
Retirees in remote areas
If the insured person's retirement is in a remote area, they will also be given preferential care. For example, in Hebei Province's 2023 adjustment plan, special care will be given to retirees in remote areas, with an increase of 15 yuan per person per month in the first category, an increase of 20 yuan per person per month in the second category, and an increase of 25 yuan per person per month in the third category.
Conclusion
Of course, specific to different regions, due to different levels of economic development, the payment period, payment base and income level of insured employees are also different, so it will eventually lead to different ranges. However, on the whole, the level of basic pension insurance benefits follows the incentive mechanism of paying more and paying more, and only if the amount of payment is enough and the payment period is long enough, the pension level will be higher.
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