The calculation method after the consolidation of the pension in 2024 is based on the unification of the pension system of government agencies, institutions and enterprises. Specifically, the following are rich explanations of the method of calculating pensions after consolidation and specific examples of various situations:
1.Payment method and calculation formula:
Employees of government agencies, public institutions, and enterprises will participate in a unified basic old-age insurance system, and units and individuals will jointly pay contributions. This means that the employees of government agencies and institutions also need to pay pension insurance premiums like the employees of enterprises. The pension calculation method of government agencies, institutions and enterprises is basically the same, and the pension treatment is determined according to the individual's payment record and working years.
2.Example of Pension Calculation:
Here are a few typical calculation examples:
a.Assuming that an employee of a government agency or institution has worked for 35 years at the time of retirement, his retirement allowance will be calculated and paid at 90% of his salary.
b.If an employee of an enterprise has worked for 30 years but less than 35 years at the time of retirement, the pension is calculated at 85% of the salary.
c.In addition, if an employee of a government institution has worked for 20 years but less than 30 years, his retirement allowance will be calculated and paid at 80% of his salary.
3.Transitional Measures:
For the "elderly" who have retired before the reform, they will continue to pay basic pensions according to the original standards, and maintain the existing benefits without reducing them. This means that they will not be affected by the changes brought about by the superannuation merger.
4.For new entrants:
For the "newcomers" who participate in the work after the reform, a new pension insurance system will be implemented, which will be calculated according to a unified payment method and calculation formula.
5.Other pensions**:
In addition to the basic pension insurance system, individuals can also choose to allocate commercial annuities or occupational annuities according to their own circumstances to increase the amount of pension income at retirement.
To sum up, after the merger of pensions, the pension calculation methods and payment methods of government agencies, institutions and enterprises will become more fair and reasonable, avoiding the unfairness under the original "dual-track system". For those who participate in the unified basic pension insurance system, their pension benefits will be calculated according to the individual's contribution records and working years, so that the pension benefits of the personnel in the system will remain at a high level. Pension