After the full implementation of the pension insurance system in the mainland, when the statutory retirement age is reached, the pension insurance payment period of 15 years can be retired, and the basic pension will be received on a monthly basis. We are talking about the basic pension here, in fact, there is a certain difference between the basic pension and the pension.
The basic pension refers to the pension insurance benefits approved by the social security department in accordance with the provisions of the pension insurance system after the pension insurance is paid in accordance with the law and the statutory retirement conditions are reached. Since most people in the mainland's pension insurance pay basic pension insurance, the basic pension insurance treatment is the basic pension.
The basic pension is the core and most basic part of the pension, which is issued by the pension insurance fund, but some units and employees in addition to paying the basic pension insurance, but also paid supplementary pension insurance, such as enterprise annuity, occupational annuity, etc., in addition to some people paid commercial pension insurance, personal pension, etc., after the supplementary pension insurance reaches the specified treatment conditions, it will also enjoy the relevant treatment in accordance with the regulations, these treatments plus the basic pension, is my pension.
For example, in some large state-owned enterprises, retired employees, in addition to the basic pension, there is also an enterprise annuity, which can be received on a monthly basis or in a lump sum, and can also be used to purchase commercial insurance, and enjoy relevant treatment in accordance with the provisions of the commercial insurance contract.
Employees who retire in government agencies and institutions, and those who retire after October 2014, include two parts of basic pension and occupational annuity in their pension. Since the occupational pension is paid from October 2014, the occupational pension is not very high for those who retired before 2020, but the more people retire later, the higher the occupational pension will be. The occupational pensions of government agencies and institutions are basically paid on a monthly basis.
After the reform of the pension insurance system, the previous pension was changed to a pension, and the source of payment of the pension was the original unit, although it was also issued by the Social Security Bureau, but this was only a specific payment method, and did not change the nature of the funding channel; Personnel who retired before September 30, 2014 in government agencies and institutions also receive pensions, and the funds are still paid by the original unit, and the social security bureau is only in the relationship of issuing on behalf of the people.
For employees who pay the basic pension insurance for employees in accordance with the law and enjoy the basic pension treatment in accordance with the provisions of the basic pension insurance system, their basic pension is called the overall treatment. The so-called overall planning mainly refers to the overall planning of the pension insurance treatment area, the overall planning of the pension insurance fund, and the overall treatment in accordance with the provisions of the state, that is, the basic pension.
After retirement, in addition to the basic pension insurance benefits, most retired employees will not have any subsidized income in their original units, except for supplementary pensions. However, due to the subsidies outside the overall planning, the expenditure is issued by the original unit, the economic benefits of the original unit are good, and the leaders of the unit are willing to give certain subsidies and allowances to retirees out of concern for retirees, which is also allowed.
Employees who retire in private enterprises, private enterprises, and foreign-funded enterprises, due to the nature of the unit, every penny spent is the boss's profit, which can also be said to be the boss's money, and the subsidy allowance issued does not belong to the category of tax exemption, nor is it included in the labor cost of the unit, so the employees who retire after working in these units will not have any subsidies in addition to the basic pension received in the social security department.
Employees who retire after working in state-owned enterprises, according to the relevant system, can withdraw part of the retiree's expenses as budget, but they also need to consider the economic efficiency of the unit and the operating conditions. Therefore, after the retirement of most employees of state-owned enterprises, the original unit no longer has any subsidies and allowances; However, there are also some state-owned enterprises with relatively good operating efficiency that are willing to give certain subsidies and allowances to retired workers every month or every year.
In government organs and institutions, in addition to receiving basic pensions and occupational pensions, living allowances can be paid to retirees in accordance with relevant regulations, and the standard is 70% of the basic performance standards for in-service personnel with the same position, rank, and professional and technical titles. However, since this kind of subsidy is paid by the local government at the same level, whether or not the retirement living allowance outside the overall plan can be issued also depends on the local financial situation.
Where local finances are good, some places are special condolence funds, special condolence funds and other ways to issue living subsidies for retirees; However, in places with financial difficulties, because the wages of incumbents must be guaranteed first, living allowances or special condolence payments will no longer be paid to retirees.
To sum up, in the context of the full coverage of the pension insurance system, paying basic pension insurance in accordance with the law and receiving basic pension on a monthly basis after retirement has become the main way for the majority of retired workers to provide for the elderly, and most retirees no longer have any subsidies in addition to the basic pension; A small number of people will not have any subsidies and allowances except for basic pensions, occupational annuities, and enterprise annuities; A very small number of retirees in some regions and industries have a part of the retirement living allowance in addition to the basic pension and supplementary pension.