February** Dynamic Incentive Program
In 2024, pensions will usher in 20 consecutive increases, which makes the majority of retirees feel gratified.
In this context, let's take a look at the pension gap between 15 and 30 years of service.
The calculation method of pension is more complex and involves a number of factors, such as the payment base, the number of years of payment, and the cumulative amount of personal accounts.
Here, we simplify the discussion and analyze the gap only in terms of seniority.
The calculation formula of China's pension is: pension = basic pension + personal account pension.
Among them, the basic pension is linked to the payment period, and the personal account pension is linked to the cumulative amount of the personal account.
Assuming that the contribution base of two people is the same, and the cumulative amount of personal accounts is also the same, then their pension gap is mainly reflected in the basic pension.
According to China's pension calculation formula, the longer the payment period, the higher the basic pension part.
Assuming that two people have worked for 15 years and 30 years respectively, we can calculate their basic pension gap as follows:
1.15 years of service: Assuming that the contribution period is 15 years, then the basic pension is: 15% of the contribution base for 15 years.
2.30 years of service: Assuming that the payment period is 30 years, then the basic pension is: 15% of the contribution base for 30 years.
Comparing the difference between the two basic pensions, we can conclude that the pension with 30 years of service is 50% higher than the pension with 15 years of service.
This is only a simplified version of the calculation, and the actual situation may vary depending on regional policies, payment bases, and other factors.
But in general, the longer the length of service, the greater the pension gap.
The pension has risen for 20 consecutive years, and for retirees with longer working years, they will get more increases. This also reflects the principle of fairness of China's pension system, encouraging retirees to pay more and pay for a long time.
In the future, with the continuous improvement of China's pension system, the impact of seniority on pension will be more significant.
Therefore, the majority of retirees should cherish their working years, and at the same time pay attention to the accumulation of personal accounts to provide better protection for their later life.
In short, in 2024, the pension will usher in 20 consecutive increases, and the gap between the pension with 15 years of service and 30 years is large.
This phenomenon not only reflects the fairness of China's pension system, but also reminds retirees to pay attention to their years of service and pension accumulation.
With the support of the policy, it is believed that every retiree can enjoy a reasonable pension treatment and enjoy his old age in peace.