For employees of enterprises and institutions, retirement pension is the key to their later life security after the age of 60, and the level of pension directly determines whether retirees can enjoy adequate pension treatment. According to the current provisions of China's basic pension insurance system, employees of enterprises and institutions must meet two conditions to receive basic pensions:
Participate in the basic pension insurance for employees and pay contributions for 15 years.
Reaching the statutory retirement age, that is, 60 years old for male employees, 50 years old for female employees, and 55 years old for female cadres.
If the insured employee has not paid for 15 years when he or she reaches the statutory retirement age, he or she can choose to postpone his retirement until the cumulative contribution period reaches the standardOn the contrary, if you have paid for 15 years but have not yet reached the statutory retirement age, you can continue to pay pension insurance to increase the accumulation of personal accounts. In addition, the "14th Five-Year Plan for the Development of Human Resources and Social Security" proposes to steadily implement the policy of gradually delaying the statutory retirement age, and may gradually increase the minimum contribution period for receiving a basic pension.
The basic pension for retirees consists of three parts: the basic pension, the personal account pension and the transitional pension (applicable in most provinces). The calculation formula is as follows:
Basic pension = local pension calculation base of the current year 1 + average contribution index of the person) 2] payment period 1%;
Personal account pension = personal account savings Number of months;
Transitional pension = local pension calculation and payment base in the current year Average contribution index of the person Contribution period before the establishment of personal account Transitional pension calculation and issuance coefficient.
The following is a specific case to illustrate the calculation method of pension: Suppose an employee of an enterprise or institution in Shandong Province applies for retirement at the age of 60 in January 2024, and has paid social security for a total of 20 years (including 2 years of payment before the establishment of a personal account, and 20 years after subsequent interruptions), and the average contribution index is 06. The storage amount of personal account is 100,000 yuan. According to this situation, the basic pension that the employee can receive per month is 119488 yuan, personal account pension is 71942 yuan, transitional pension is 11650 yuan, the total monthly basic pension is 2030$8.
The much-talked-about "progressive postponement of the retirement age" refers to the gradual postponement of the statutory retirement age for male and female employees and cadres. Although the specific implementation plan has not yet been announced, in view of the trend of China's aging population and the realistic background of the increase in life expectancy, it is imperative to postpone the reform of the retirement age.
According to experts from the Ministry of Human Resources and Social Security, delayed retirement will be carried out in small steps, such as delaying it by a few months every year or by one month every few months. Accordingly, the statutory retirement age may be increased by 2 to 6 months in the future, and different delay rates will be formulated for different groups of people.
According to the simulation table, if the gradual delayed retirement plan is implemented from 2025, by 2055, the retirement age of male employees will be gradually postponed from 60 to 65, and the retirement of female employees and female cadres will also be postponed to 65 years old.
This means that male employees born after 1965, female cadres born after 1970, and female employees born after 1975 will face delayed retirement. For example, compared with the current generation, the post-90s generation will extend the retirement of male employees by 5 years, female employees will be extended by 15 years, and female cadres will be extended by 10 years.
To sum up, in the face of the challenge of aging, the gradual postponement of the statutory retirement age is an inevitable trend, and many countries in the world, such as Italy, the United Kingdom, Japan and France, have formulated their own delayed retirement plans.
Therefore, for the post-70s, post-80s and post-90s groups affected by the adjustment of the retirement age, before the policy is implemented, they should actively participate in the basic pension insurance, and strive to increase the payment base and extend the payment period, so as to ensure that they can enjoy a higher pension standard after retirement, and even if they face delayed retirement in the future, they can have enough economic security to enjoy their old age.