For those of you who are planning to hang up your retirement medal in 2024 or 2025, have you ever thought that these two seemingly similar years actually have a lot of mystery in terms of retirement?
Yes, although it is only a year apart, the detailed changes in the retirement policy can cause a lot of waves! Next, let's unveil the mystery of the retirement policy in 2024 and 2025, dive into the difference between these two years of retirement, and see how the small details behind this affect our big future! 2024 Retirement Features2024 marks the end of an important historical milestone – a decade-long policy transition period. Since 2014, the calculation of pensions has begun to change slowly but surely, until 2024, when this new calculation method is fully implemented. This change is not just a digital adjustment, it symbolizes a redefinition of the future security and affects the future planning of millions of families. Especially for those who started working before October 2014 and plan to retire after October 2024, the way their pensions are calculated has witnessed a smooth transition from the old system to the new system.
In this process, policymakers have adopted the principle of "minimum guarantee and height limit" to ensure a smooth transition during the transition period, that is, if the pension under the new calculation method is lower than the original calculation method, it will continue to be paid in accordance with the original method; On the other hand, if the pension calculated by the new method is higher than the original calculation method, the additional part will be increased year by year until the full payment is achieved in 2024. Changes and impacts in 2025With the arrival of 2025, the "14th Five-Year Plan" is coming to an end, heralding the implementation of a series of major policies such as the adjustment of the retirement age. These changes are not only a change in policy rhetoric, but also a profound impact on the way we work and live. Among the many reforms, the most striking is the policy reform of the retirement age. This plan implies that the statutory retirement age will be gradually postponed, which is directly related to people's retirement planning and pension accumulation. Especially for men born after 1965 and women born after 1975, they may need to reconsider and plan their retirement timing and financial arrangements.
The main differences between retirement in 2024 and 2025 Compared with these two years, the changes in the way pensions are calculated are particularly interesting. In 2024, benefiting from the "height limit and minimum guarantee" policy, the calculation of pensions will take a combination of the old and the new. By 2025, the calculation of pensions will be completely in accordance with the standards of corporate retirees, and the "maximum guarantee" policy will no longer apply, which means that for many people, the calculation of pensions will be more concise and clear. The adjustment of the retirement age is also significantly different from the two years. The current statutory retirement age will still be followed in 2024, while a delayed retirement policy is expected in 2025, which will have a significant impact on many people's life plans. The difference between the calculation base of pensions and the amount of savings in personal accounts is also worth paying attention to. The calculation for 2024 will be based on the standard of that year, and by 2025, due to the extra year of pension insurance, the pension calculation base and the cumulative savings of both personal accounts are expected to increase, which has a direct positive impact on improving the quality of life after retirement.
Every small change in our retirement policy is closely related to our future quality of life and sense of security. Understanding and preparing for these changes is a crucial task for everyone who is about to enter retirement. By planning and preparing for the future, we can ensure that our retirement is safe and fulfilling, and that we are ready for a brighter future.