A few days ago, I saw a table on the Internet of "2024-08 Pension Insurance Benefits Payment Details (Retired Chinese Benefits)", which was downloaded by retirees from the APP of the Hebei Provincial Department of Human Resources and Social Security. It is said that it is no longer visible. The chart is shown in the figure below.
Because retirees in Hebei Province still receive advance pensions, and there is no official pension plan published, how the pension data in this table is calculated is still what retirees want to know.
Therefore, in this article, I will give my friends a detailed interpretation of the detailed calculation process of the old pension standard, the new pension standard, the comparison of the new and old pension standards, and the increase in the basic pension adjustment in 2024. For the reference of those who need it.
1. From the difference of 350 yuan in the formula in the second line and 312.3 in the fifth line of the formula in this table, it can be seen that the retirees in this table have intermediate titles in September 2014 and have been promoted to deputy senior titles before retirement. If you are not promoted to the deputy senior title, the value of the difference in the salary column of this position should be 0.
2. Interpretation of the data on the treatment standards of the old methods
1、1390×90%+350=1601
=1251+350
=1601
2. 1390 yuan: This is the basic salary in September 2014.
In September 2014, the retiree was given a mid-level 10 job title and a salary scale of 26. The salary standard is 680 yuan for intermediate 10 grades, 583 yuan for 26 grades, and 10% for teachers is (680 + 583) ×10% = 127 yuan, total = 680 + 583 + 127 = 1390 yuan.
3. 90%: This is determined according to the cumulative payment period of 37.58 years of the retiree, and the rules stipulate that if the payment period is more than 35 years, the original pension calculation and payment ratio is 90%.
4. 350 yuan: according to the provisions of the State Council [2015] No. 3 document, an additional 350 yuan will be issued at the intermediate level; Deputy senior additional issuance of 460 yuan; It is a senior additional issuance of 700 yuan.
5. 1092: This is based on the intermediate title with reference to the retirement living allowance standard before September 2014.
6. 171.5: This is the sum of the allowance for hardship and remote areas and the allowance for teaching age.
7. 312.3: This is the base of the difference in salary between the position of the retiree after the position is promoted from the intermediate level to the deputy senior level. During the transition period, there is no change in the title, this value is 0, and if the title is downgraded, this value is negative.
Because I don't know which year the retiree was promoted or promoted for the last time, and I don't know that the local intermediate and deputy senior refer to the retirement living allowance standard determined in September 2014, I can't accurately calculate the base of the difference in the salary of this position.
8. 1.2945: This is the cumulative wage growth rate up to the year before retirement.
It is calculated by multiplying the annual wage growth rate from 2015 to the year prior to retirement from 2014 to 2014 as a baseline1. It should be noted that Hebei Province retains four decimal places after multiplying the wage growth rate of each year, and then multiplies it with the wage growth rate of the next year. If you multiply directly like other provinces and cities, you don't get this 1.2945.
=1×(1+0.06)×(1+0.045)×(1+0.03)×(1+0.03)×(1+0.029)×(1+0.025)×(1+0.024)×(1+0.02)
=1.1751×1.029×1.025×1.024×1.02
=1.2394×1.024×1.02
=1.2691×1.02
=1.2945
See the red font in the table below:
9. The treatment standard of the old method is 4034.3 yuan
= (basic salary in September 2014 + living allowance for job title in September 2014 + various allowances) × cumulative salary growth rate as of the previous year of retirement + difference in salary promotion and promotion
= (basic salary in September 2014 + living allowance for job title with reference to September 2014 + various allowances) × cumulative salary growth rate as of the previous year of retirement + base number of salary differences between job promotion and promotion × cumulative salary growth rate after job promotion
=(1601+1092+171.5)×1.2945+312.3×1.0445
=2864.5×1.2945+320.1075
=3708.09525+326.19735
≈4034.2926
≈ 4034.3 yuan
Over here:
1. 1.0445 is the product of the wage growth rate of 1.025 in 2021 and the wage growth rate of 1.02 in 2022:
1.024×1.02=1.04448≈1.0445；
It can be seen that the last time this retiree was promoted or promoted may be in 2021.
2. The difference between the salary of the retiree should be 326.2 yuan, not the 312.3 yuan, and 312.3 yuan should be called the base of the difference in the salary of the retiree
3. Calculation of pensions under the new method
New approach to pensions
= Basic pension + transitional pension + personal account pension + occupational annuity
1. Basic pension
= Pension calculation and payment base × (1 + average contribution wage index) ÷ 2× cumulative payment period × payment ratio
=7122×(1+1.106)÷2×37.58×1%
≈2818.299
≈ 2818.3 yuan
2. Transitional pension
= Pension calculation base × the transition coefficient of the deemed contribution index × deemed payment period ×
=7122×1.126×28.58×1.3
≈2979.51747
≈ 2979.52 yuan.
3. Personal account pension
= The amount of pension savings in the personal account ÷ the number of months of issuance
=61134.55÷139
≈439.8169
≈ 439.82 yuan
4. Occupational annuity
= Occupational pension account savings ÷ number of months
=79268.86÷139
≈570.2795
≈ 570.28 yuan
139 in the following two formulas is determined based on the retiree's age of 60 years at the time of retirement.
5. The total amount of pensions under the new measures
= Basic pension + transitional pension + personal account pension + occupational annuity
=2818.3+2979.52+439.82+570.28
= 6807.92 yuan
Fourth, the old and new methods of pension comparison
The basic pension of retirees after the comparison of pensions under the new and old methods
= Pension standard of the old method + (pension standard of the new method - pension standard of the old method) × proportion of retirees paid in the year of retirement - occupational annuity
=4034.3+(6807.92-4034.3)×90%-570.28
=4034.3+2773.62×90%-570.28
=4034.3+2496.26-570.28
=6530.56-570.28
= 5960.28 yuan
1. 90% in the above formula is not 90% of the retirees who have paid contributions for more than 35 years according to the old method, but 90% of the pension insurance system reform of government institutions and institutions, the 9th year of the ten-year transition period in 2023. If it's 2022, use 80%, and if it's 2024, use 100%.
2. This 5960.28 yuan should be the basic pension in December 2023, the basic pension of retirees will be adjusted in 2024, and the adjustment of the basic pension linked to Hebei Province will increase by 0.94%, which should be used as the base. However, the "retroactive pension of 783.51" yuan in the chart is not calculated based on this 5960.28 yuan. It is calculated based on an advance pension of 2864.5 yuan.
5. Retroactive pension of 783.51 yuan
This 783.51 yuan is the pension increased by the basic pension adjustment in 2024, and the retirees in Hebei Province who receive the advance pension are calculated and adjusted according to the advance pension of retirees as the pension base in December 2023. The detailed calculation process of 783.51 yuan is as follows:
1. The basic information of the retiree:
A. From the above chart, it can be seen that the cumulative payment period of the retirees is 37.58 years, and the adjustment of the basic pension is calculated by one year if it is less than one year, and the increase in pension is calculated in 38 years.
B. The advance pension of the retiree is
= September 2014 basic salary × the proportion of the old method + Guo Ban Fa [2015] No. 3 additional pension + reference to September 2014 retirement living allowance + hardship, remote and teaching age allowance
=1390×90%+350+1092+171.5
= 2864.5 yuan.
C. The retirees enjoy the hardship and remote subsidies in a class of areas
2. The basic pension will be adjusted in 2024
= Quota adjustment + adjustment of the linked period + adjustment of the basic pension at the end of 2023 + increase in the hardship and long-distance subsidy
=32+38+2864.5×0.94%+15
≈32+38+26.93+15
= 111.93 yuan.
3. From January 2024 to July 2024, a total of 7 months will be reissued
=111.93×7
= 783.51 yuan.
6. Pension insurance benefits will be issued in August 2024
= Basic pension after the comparison of the old and new + supplementary pension after the adjustment and increase in 2024
=5960.28+783.51
= 6743.79 yuan.
Conclusion:
In the new pension insurance payment details in August 2024 (calculated and paid by retirees) issued by Hebei Province, the item of "retroactive pension" is not the difference between the approved pension of retirees and the previous advance pension, but the increase in the pension increased by adjusting the basic pension of retirees in 2024.
Regarding the above calculation process, my understanding is not necessarily accurate, please criticize and correct readers.
Welcome to pay attention to more retirement pension information, please bookmark it for future viewing, and please forward it to those who need it. Thank you for reading.