Comparison table of length of service and pension

The comparison table of length of service and pension is the calculation method of employees' retirement conditions and basic pension, which is no longer calculated according to the length of service, but according to the number of years of payment. Before the implementation of the individual payment system in the reform of the local pension insurance system, the continuous length of service of administrative institutions and state-owned and collective enterprises at or above the county level, the limit of youth in the countryside, and the military age shall be regarded as the payment period.

Specifically, it includes: 1. The basic pension is calculated according to the average contribution index, the payment period and the average social wage of the previous year of retirement. If you pay 100% of the base amount for one year, you can receive an additional 1% of the average social salary of the previous year of retirement.

If it is the deemed payment period, the payment grade will be calculated according to the average payment index of the actual payment period. If it is 60% grade, you can only receive more; 300% of the grade can receive an additional 2% of the average salary.

2. The pension of the personal account is equal to the balance of the personal account divided by the number of months determined by the retirement age. The number of months of retirement age is generally 139 months of retirement at the age of 60 and 195 months of retirement at the age of 50. If the number of months of the personal account is the same, the balance of the personal account determines the amount of pension in the personal account.

If it is insured after the establishment of the personal account pension system, the payment base is the same, the payment year is the same, and the balance of the personal account is the same. If you pay an extra year or two later, the amount of money added to your personal account will be more.

3. The transitional pension is related to factors such as average salary, transition coefficient, and average contribution index.

If the length of service is 35 years and 36 years, the difference will produce a certain pension gap, but the specific situation is different, the gap is also different.

Specifically, it includes: 1. If the difference is the payment period of the next year, there will be a one-year difference between the basic pension and the personal account pension. Generally, according to the 100% base payment, the average salary of 6,000 yuan, the pension can be 70-90 yuan.

2. If there is a difference of one year between the years before and after retirement, the average social salary used for late retirement is higher, and the pension calculated theoretically is higher. Early retirement will increase the pension according to the state's pension adjustment, and in recent years there has been an increase of only about 5%, which will be slightly lower than the use of the new social average salary to calculate the pension treatment. This difference is too complex to measure.

3. If the difference is the deemed payment period, the average payment is 100% grade, and the pension gap is about the same as the average social wage. In the case of a social average salary of 6,000 yuan, the pension gap is about 140 yuan.

Legal basis

Social Insurance Law of the People's Republic of China

Article 15 The basic pension consists of a pooled pension and a personal account pension.

The basic pension is determined according to factors such as the cumulative number of years of individual contributions, the contribution salary, the average salary of local employees, the amount of personal accounts, and the average life expectancy of the urban population.

I can't understand it, it's not for the old man to see.

The current basic pension calculation method is as follows:

Basic pension = basic pension + personal account pension + transitional pension:

1. Basic pension.

The basic pension refers to the pension paid to retirees from the basic pension insurance pool, and the monthly standard of the basic pension at the time of retirement is based on the average monthly salary of the local on-the-job employees in the previous year and the average monthly indexed monthly salary of the employee, and the payment is 1% for every 1 year.

Basic pension = (the average monthly salary of employees in the overall area in the previous year at the time of retirement, the average monthly salary of the indexed employee) 2 years of payment 1;

Indexed average monthly wage = average contribution index The average monthly wage of employees in the overall area in the previous year at the time of retirement;

Average payment index = payment index for each year Payment period;

Contributory wage index = Contributory wage in the current year The average monthly wage of employees in the overall area in the previous year.

2. Personal account pension.

Personal account pension refers to the pension calculated according to the amount of personal account storage of basic pension insurance when the insured person retires, and the personal account pension = the amount of personal account storage is calculated and issued. The number of months is not the number of months that a retiree actually receives a basic pension (because it cannot be predicted at the time of retirement), but is a hypothetical indicator calculated on the basis of factors such as the average life expectancy of the urban population.

Personal account pension = personal account balance Calculation of the number of months;

3. Transitional pension.

The insured persons who participated in the work before the implementation of the National Development Document 1997 26 and retired after the implementation of the National Development Document 2005 38 belong to the "middle people". Since the accumulation of their previous personal accounts is very small, and the cumulative number of years of contribution is 15 years, they will be paid a transitional pension on the basis of the basic pension and personal account pension after retirement. The transitional pension payment measures shall be implemented in accordance with the specific measures formulated by the provinces, municipalities and autonomous regions where they are located.

Take Sichuan Province as an example: transitional pension (the average monthly salary of the province's on-the-job workers in the previous year at the time of retirement, the average monthly indexed monthly contribution salary of the employee) 2 The cumulative payment period for which no personal account was established on or before December 31, 1995 Calculation factor).

According to the "Social Insurance Law of the People's Republic of China" and the "Decision on the Reform of the Pension Insurance System for Employees of Government Institutions and Institutions", the calculation formula of pension insurance benefits is: monthly basic pension = basic pension + personal account pension. The so-called length of service refers to the working hours of employees with wage income as the main or all of them since the establishment of labor relations with the unit.

The pension at retirement consists of two parts: pension = basic pension + personal account pension.

Personal account pension = personal account savings The number of months (50 years old is 139 years old, and it is no longer 120).

Basic pension = (the average monthly salary of the on-the-job employees in the province in the previous year + the average indexed monthly contribution salary of the person) 2 The payment period 1% = the average monthly salary of the on-the-job employees in the province in the previous year (1 + the average payment index of the person) 2 The payment period is 1%.

Note: My indexed average monthly contribution wage = the average monthly wage of the province's on-the-job employees in the previous year My average contribution index In the above formula, it can be seen that in the case of the same payment period, the level of the basic pension depends on the average contribution index of the individual, and the average contribution index of the individual is the average of the ratio of the actual payment base to the average salary of the society. The lower limit is and the upper limit is 3.

<> basic pension is calculated as follows:

Basic pension = basic pension + personal account pension + transitional pension:

1. Basic pension.

Basic pension = (the average monthly salary of employees in the overall area in the previous year at the time of retirement, the average monthly salary of the indexed employee) 2 years of payment 1;

Indexed average monthly wage = average contribution index The average monthly wage of employees in the overall area in the previous year at the time of retirement;

Average payment index = payment index for each year Payment period;

Contributory wage index = Contributory wage in the current year The average monthly wage of employees in the overall area in the previous year.

2. Personal account pension.

Personal account pension = personal account balance Calculation of the number of months;

Hello, dear, according to the 1978 "Interim Measures on the Retirement and Retirement of Workers", 75% of my basic salary will be paid for more than 20 years of service, 70% of my basic salary will be paid for 15 to 20 years, and 60% will be paid for 10 to 15 years. Before the implementation of the pension insurance system reform in 2014, the pension treatment of retirees was paid according to the length of service, and 70% of the basic salary was paid for 10 to 20 years of service; 80% for 20 to 30 years; 85% for 30 to 35 years and 90% for more than 35 years. True.

In addition to the basic salary paid on a proportional basis, retirees of public institutions also have a certain amount of retirement living allowance paid according to their grades.

Questions. What is the standard for the subsistence allowance?

Hello, dear, these are for your reference only. Due to different regions and different types of work, the benefits after retirement are also different.

Questions. Okay, thank you, teacher.

You're welcome, dear, do we have any other questions? If not, would it be inconvenient for you to give me a like? 