The difference between the retirement pension of grade 7 and grade 8 depends on a number of factors, including but not limited to length of service, retirement time, the average social wage in the region, the individual's deemed contribution index, transition coefficient, allowance standard, etc. How these factors affect the difference in retirement pension is explained in more detail below. Teacher.
First of all, we need to understand how the teacher's retirement pension is calculated. According to the current pension insurance system, the retirement benefits of employees of government agencies and institutions mainly include four parts: basic pension, personal account pension, transitional pension and occupational pension. Among them, the calculation of the basic pension and the transitional pension is related to the individual's deemed contribution index, while the personal account pension is related to the amount and number of years of individual contributions.
The deemed payment index for level 7 and level 8 positions is different, and generally speaking, the deemed payment index corresponding to senior titles will be higher than that of intermediate titles. As mentioned in the example, the deemed contribution index for level 8 posts is 037, while the level 7 post is 042。The higher the deemed contribution index, the higher the calculated basic pension and transitional pension.
The length of service directly affects the calculation of the basic pension, generally speaking, the longer the length of service, the higher the basic pension. At the same time, the time of retirement will also affect the calculation of the pension, because the pension calculation base may be different at different times.
Different regions have different social average wages, transition coefficients and allowances, and these factors will affect the calculation of retirement pensions. For example, a teacher with an intermediate title of level 8 who retires in Shenzhen may have a higher pension than a teacher with a senior title of level 7 who retires in Guangxi.
Specific to the difference between the 7th and 8th level retirement pensions, the following is the detailed calculation formula:
(1) Calculation of basic pension:Basic pension = (individual deemed contribution index, average social wage, length of service) 2. This difference occurs due to the difference in the deemed contribution index for level 7 and level 8 positions, and the fact that the average social wage in the region may be different.
(2) Calculation of personal account pension:Personal account pension = cumulative amount of personal account number of months. This part is related to the number of years of payment and the payment base of the individual, but this part of the difference is relatively small because the payment base of level 7 and level 8 positions may not be much different.
(3) Calculation of transitional pension:Transitional pension = (individual deemed contribution index, average social wage, transition coefficient) 2. Similarly, due to the difference in the deemed contribution index and the transition coefficient, there will also be a difference between the transitional pension for level 7 and level 8 posts.
(4) Calculation of occupational pension:Occupational annuity is related to the number of years and proportion of individual contributions, and has little to do with the difference between level 7 and level 8 positions.
Combining the above parts, we can derive the difference between the 7th and 8th level retirement pensions. The size of the difference depends on a combination of the above factors. In some cases, the retirement pension of a teacher with a level 8 intermediate title may be higher than that of a teacher with a level 7 of a senior title. To accurately calculate the difference, it is necessary to know the specific length of service, retirement time, the average social wage in the area, the deemed contribution index and other data.
In conclusion, the difference between the 7th and 8th level retirement pensions is not fixed, but is affected by a variety of factors. In practice, calculations need to be made based on specific data to arrive at accurate differences.