As an important indicator to measure the working years of employees, length of service is of great significance in the retirement system.
This article will detail at least 5 benefits that employees with more than 30 years of service enjoy when they retire, to help you better understand the rights and interests of this group.
In China's pension system, length of service is one of the important factors in calculating pensions. Employees who have worked for more than 30 years are entitled to a higher pension when they retire.
This is because the calculation formula of the pension includes the number of years of contribution, and the longer the length of service, the more years of contribution, and the higher the amount of pension received after retirement.
Employees who have worked for more than 30 years will also enjoy better medical insurance benefits after retirement.
According to the relevant regulations of China, the reimbursement scope and reimbursement ratio of medical insurance for retirees are better than those for employees with shorter working years.
This means that older employees can enjoy more comprehensive medical coverage after retirement.
Employees who have worked for more than 30 years can also enjoy more generous unemployment insurance benefits when they become unemployed. According to the regulations of China's unemployment insurance, the longer the payment period, the higher the amount of unemployment insurance money, and the longer the period of receiving unemployment insurance.
As a result, older employees can get more financial support when they lose their jobs.
Employees with more than 30 years of service will also receive better work-related injury insurance benefits in the event of a work-related injury.
According to China's work-related injury insurance system, employees with a long working experience can receive higher medical treatment and work-related injury disability benefits when a work-related injury occurs.
With the reform of China's pension insurance system, employees with more than 30 years of service will also enjoy occupational pension treatment when they retire.
Occupational pension is a supplementary pension insurance system, and employees with longer working years can get more occupational pension benefits after retirement, further improving the quality of retirement life.
Summary: Employees with more than 30 years of service enjoy at least five benefits when they retire: higher pension benefits, better medical insurance benefits, better unemployment insurance benefits, better work-related injury insurance benefits, and better occupational pension benefits.
Understanding and mastering these benefits can help employees better plan for retirement and ensure stability and happiness in their later years.