Countdown to Pension Merger: Change and Response
The countdown to the pension merger has attracted widespread attention from all walks of life, and netizens have discussed a lot, and there are even opinions that the retirement of 10,000 yuan will become a thing of the past. Here, we delve into the specific methods of pension integration, the impact on different groups of people, countermeasures and related cases.
First of all, let's take a look at the specific methods of pension integration. The calculation formula of the basic pension is: basic pension = (average salary + payment base) ÷2× the payment period ×1%. This formula reflects the fairness and reasonableness of pension calculation. Among them, the average salary reflects the level of economic development of the region, and the payment base and payment period are closely related to the individual's work contribution and accumulation.
For different groups of people, the impact of pension integration varies. Taking the "elderly" of government agencies and institutions as an example, they have retired before the pension merger, and their pension benefits are not affected by the new policy, and they can still receive the established pension stably every month. Let's say Uncle Li is an "old man" and his monthly pension is 5,000 yuan, and this amount will remain the same after the merger.
As for the "middle people", such as Aunt Wang, she caught up with the transition period of pension merger. Suppose that according to the old method, her pension is 4,000 yuan; The new method is calculated as 5,000 yuan. Due to the transition period, according to the principle of "keeping the low and limiting the high", if Aunt Wang retires in 2021, the pension she can get = 4000 + (5000 - 4000) ×70% = 4700 yuan; If you retire in May 2024, you will receive 5,000 yuan.
As for the "newcomer" Xiao Zhang, who will work after October 1, 2014, will be fully implemented in accordance with the new policy. Suppose that the average contribution base during Xiao Zhang's working period is 8,000 yuan, the payment period is 30 years, and the local average salary at retirement is 7,000 yuan. then his basic pension = (7000 + 8000)÷2×30×1% = 2250 yuan.
In terms of the impact of pension merger, for those with high professional titles and ranks in 2014, they may face a reduction in pension benefits after the pension merger. For example, in 2014, Mr. Zhao had a higher title and a good salary when he was employed, but after the merger, his pension was reduced due to a change in the calculation method.
Pensions may also be lower for people with lower average contribution indexes. For example, Ms. Sun's average contribution index is 0.5, which is relatively low, and her pension will be affected to a certain extent after the merger.
However, for those who are higher than the old one in September 2024, the pension will be increased after the merger. For example, Mr. Li's pension calculated according to the new method is higher than that of the old method, so his pension has been increased after the merger.
In the face of pension merger, different groups of people can take corresponding countermeasures. For the "elderly", it is important to plan consumption reasonably to ensure the preservation and appreciation of pensions. For example, if part of the pension is deposited in a bank fixed deposit with an annual interest rate of 3%, assuming a monthly pension of 5,000 yuan, and taking out 2,000 yuan to save the fixed deposit, you can get 720 yuan of interest a year.
"Chinese people" need to pay close attention to the details of the new policy, and at the same time consider increasing personal savings or purchasing commercial pension insurance. For example, 1,000 yuan per month from your salary to buy commercial endowment insurance.
"Newcomers" should actively participate in insurance and pay premiums from the beginning of their work and strive for a higher payment base. For example, work hard to increase wages, so that the contribution base is increased from 6,000 yuan to 8,000 yuan.
The specific numerical formula for pension consolidation
After the pension is merged, its calculation method is more complicated, but it can be roughly divided into the following parts. Basic pension = (average salary in the province + payment base * average salary in the province) ÷2× payment period ×1%. Taking a province as an example, assuming that the average salary in the province is 8,000 yuan, the payment base is 1.2, and the payment period is 30 years, then the basic pension = (8000 + 1.2×8000)÷2×30×1% = 3,840 yuan.
Personal account pension = cumulative amount of personal actual account ÷ number of months. For example, if you retire at the age of 55, the number of months of payment is 170 months; If you retire at the age of 60, the number of months of payment is 139 months. Assuming that the cumulative amount of the actual personal account is 100,000 yuan and retires at the age of 60, then the personal account pension = 100,000÷139 ≈ 719 yuan.
The calculation method of occupational pension is similar to that of personal account pension, but the specific amount will vary depending on the proportion of contributions made by units and individuals. Assuming that the individual contribution ratio is 4%, the unit contribution ratio is 8%, and the monthly income is 10,000 yuan, then the individual pays 400 yuan per month for the occupational annuity and the unit pays 800 yuan.
A specific case of the impact of pension integration on different groups of people
For the "elderly" who retired before 2014, their pensions are not affected by the merger and are still paid according to the original calculation method. For example, Uncle Li retired in 2013, and his pension is 5,000 yuan per month, which is not affected by the merger policy and continues to receive it stably.
For the "middle people", that is, those who retire between 2014 and September 2024, the pension calculation is calculated using the new and old algorithms at the same time, and finally the higher result is selected as the amount of their pension. For example, Aunt Wang, who retired in 2018, calculated her pension according to the old method of 4,500 yuan, and the new method calculated as 5,000 yuan, and finally she received a pension according to the new method.
For the "newcomers", a completely new way of calculating is taken. Suppose Xiao Zhang is a "newcomer" who will retire in 2025, his payment base is 1.5, the payment period is 35 years, the average salary in the province is 9,000 yuan, the cumulative amount of personal actual account is 150,000 yuan, and he retires at the age of 60. Basic pension = (9000 + 1.5×9000) ÷2×35×1% = 5775 yuan, personal account pension = 150000÷139 ≈ 1079 yuan.
A numerical formula for pension consolidation responses
For the "elderly", they need to keep the existing living standard unchanged, and can ensure the preservation and appreciation of the pension through reasonable planning of consumption, appropriate investment and financial management. For example, 30% of the monthly pension is used for daily consumption, and 70% is used for savings or low-risk financial investment.
"Chinese people" need to pay more attention to the specific implementation rules of the new policy and understand how their transitional pension is calculated and when it will be paid. At the same time, you can consider taking out 10% of your salary every month to deposit it into a personal pension account or buy commercial pension insurance products.
"Newcomers" should actively participate in insurance and pay premiums and increase the payment base. Assuming that Xiao Zhang's monthly income is 8,000 yuan, he can pay social security according to the payment base of 1.2, and the amount of overpayment per month = (1.2 - 1)×8,000×8% = 128 yuan.
Specific case study of pension integration
Lao Zhang is a corporate retiree, with a payment index of 1.2, a payment period of 35 years, and a personal pension account balance of 120,000 yuan. His pension for retirement will vary in different regions.
If Lao Zhang retires in Shanghai, and the average social salary in Shanghai in 2023 is 12,183 yuan, then his basic pension is 12,183× (1 + 1.2)÷2×35×1% = 4,690 yuan, and the personal account pension is 120,000÷139 = 863 yuan, totaling 5,553 yuan.
Retired in Beijing, the average social salary in Beijing in 2023 is 11,525 yuan, and the basic pension is 11,525× (1 + 1.2)÷2×35×1% = 4,437 yuan, plus 863 yuan in personal account pension, for a total of 5,300 yuan.
In the context of pension merger, 10,000 yuan of retired elderly may no longer be common, but through reasonable planning and policy guidance, different groups of people can obtain relatively fair and reasonable pension security under the new system. The purpose of pension consolidation is to close the gap between inside and outside the system, promote social equity, and enable everyone who contributes to society to live a secure life after retirement.
The above is the relevant content about pension integration, I hope it will be helpful to you.
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