Pension Retroactive Payment Adjustment from August: Approach, Impact, Response and Cases
With the passage of time, the arrival of August has brought new changes to the pension sector. Several types of people's pensions may usher in supplementary adjustments, and some people's pensions are even expected to be raised to more than 3,600 yuan.
First, let's look at the specifics. The adjustment and retroactive payment of pensions usually involves a series of complex calculations and factors. Taking the basic pension as an example, the amount of the supplementary pension can be calculated by the formula "(2024 annual salary calculation base - 2023 base)× (1 + my average contribution index) ÷ 2× pension insurance payment period (including the deemed period) ×1% ×number of months that should be repaid". The amount of the transitional pension is "(2024 salary calculation base - 2023 base)× average wage contribution index ×transition coefficient× the number of months that should be repaid × deemed to be paid" (there may be some differences in this item). With these formulas, we are able to calculate the amount of retroactive pension payments with relative accuracy.
Next, let's explore the impact on different groups of people. For those with a low pension level, such as a retiree whose pension was originally 2,500 yuan, it may be increased by more than 500 yuan after a fixed adjustment and adjustment linked to the payment period and pension level, making his pension close to 3,000 yuan. For people with a longer payment period, assuming that a retiree with 35 years of payment period is calculated according to the standard of 2 yuan per year of payment period, this alone can increase by 70 yuan, plus other adjustments, the increase in pension may be more significant. Elderly retirees, such as a retiree over the age of 80, can receive an additional age-leaning adjustment in addition to the regular adjustment, which may increase their pension by more than $100.
In the face of pension adjustment and repayment, we need to take corresponding countermeasures. In order to maximize the increase in the value of the pension, it can be planned by the formula of "extension of the contribution period× annual increase × expected number of adjustments". For example, for each additional year of payment, an additional part of the peg adjustment will be accumulated. Assuming that this increases by 10 yuan/month per year, then 10 years is an additional income of 1200 yuan/year. At the same time, if you increase the contribution base within your ability, you can also increase the pension through the formula of "increasing the contribution base× adjusting the proportion × expected number of adjustments". For example, if you increase the payment base by 10%, you can get about 150 yuan more per year according to the adjustment ratio of 1.5%.
Let's take a closer look at specific cases. Uncle Li is a retiree in a first-tier city, and his pension was originally 3,000 yuan, and the per capita pension in the area is relatively high, and the adjustment is large. The fixed amount adjustment increased by 60 yuan, the payment period in the linked adjustment increased by 1.5 yuan for each full year, Uncle Li paid for 30 years, an increase of 45 yuan, and the pension linked adjustment ratio was 1.2%, an increase of 36 yuan, plus the adjustment of 50 yuan for the old age, the adjustment increased by a total of 191 yuan, and the adjusted pension reached 3191 yuan.
Aunt Zhang is a retiree with 35 years of service and a pension of 2,800 yuan. The fixed amount adjustment increased by 50 yuan, the adjustment of the payment period increased by 70 yuan, and the pension-linked adjustment increased by 34 yuan, with a total increase of 154 yuan in this adjustment, and the adjusted pension was 2954 yuan.
Master Wang is a demobilized cadre in the army, and his original pension was 3,200 yuan. In addition to the regular adjustment, due to its special status, an additional 80 yuan was added, and this adjustment increased by a total of 180 yuan, bringing the adjusted pension to 3380 yuan.
The specific calculation method of the pension retroactive adjustment in August
The calculation of pensions is a complex but crucial process. In the pension repayment adjustment in August, the specific calculation method mainly involves the basic pension and transitional pension. The calculation formula of the basic pension is usually as follows: pension calculation base × (1 + pension insurance contribution index) ÷ 2 × cumulative payment period × 1%. Assuming that a retiree's pension base is 8,000 yuan, the pension insurance payment index is 1.5, and the cumulative payment period is 30 years, then his basic pension is 8,000× (1 + 1.5)÷ 2 × 30 × 1% = 3,600 yuan.
The calculation formula of the transitional pension is: pension calculation base × (1 + pension insurance contribution index) ÷ 2 × deemed payment period × transitional coefficient. If the transitional coefficient is 1.2% and the deemed contribution period is 10 years, then the transitional pension is 8000× (1 + 1.5) ÷ 2 × 10 × 1.2% = 840 yuan. With these specific numbers and formulas, we can get a clearer picture of how pensions are calculated. However, it should be noted that there may be differences in the pension calculation base and transition coefficient in different regions, so in the actual calculation, the specific local policies and parameters need to prevail.
The impact of the pension repayment adjustment on different groups of people in August and cases
The retroactive adjustment of pensions in August has different impacts on different groups of people. For employees of enterprises and institutions who will retire on or after January 1, 2024, this is an opportunity to improve their pension benefits. For example, a person with 40 years of service, 12 years of deemed contribution years, pension insurance contribution index of 2.0, and retired in April this year, in Inner Mongolia, if the repayment is in place in November, he needs to make up the difference for 7 months. After calculation, the monthly repayment of the basic pension is 381.6 yuan, the monthly repayment of the transitional pension is 183.2 yuan, and a total of 564.8 yuan needs to be repaid every month, and the difference in 7 months totals 3953.6 yuan, which is significantly more than 3600 yuan. For employees who retire on or before December 31, 2023, the pension will be adjusted to be paid according to the "new standard". For example, a retired employee in Guangdong shared on July 22 that he received a repayment, which increased by 192.68 yuan per month, and his pension standard will be increased by 192.68 yuan per month from August. For some middle-aged people in the transitional period of government agencies and institutions, the treatment has also been straightened out and reissued.
Assuming that a Chinese person retires in 2022, the pension calculated according to the "old method" is 5,000 yuan, and according to the "new method" is calculated as 6,400 yuan, he belongs to the eighth year of retirement in the transitional period, and the difference between the new method and the old method will be paid according to 80%. Therefore, after straightening out the repayment, his monthly pension treatment is 6,120 yuan. If cashed in 2024, the difference between the 24-month reissue will be 26,880 yuan.
Coping strategies and formulas for the adjustment of pension repayment in August
In the face of the retroactive adjustment of pensions in August, individuals can adopt some coping strategies. First of all, it is necessary to understand the calculation rules and retroactive payment policies of pensions, and pay attention to the notice and relevant information of the local social security department. Secondly, for those who have not yet retired, they can plan according to the published calculation base and estimate their future pension benefits. In terms of formula, the supplementary amount of the basic pension = the new pension calculation base × (1 + pension insurance payment index) ÷ 2 × the cumulative payment period × 1% - the original pension calculation base × (1 + pension insurance payment index) ÷ 2 × the cumulative payment period × 1%. The amount of transitional pension repayment = new pension calculation base × (1 + pension insurance contribution index) ÷ 2 × deemed payment period × transitional coefficient - original pension calculation base × (1 + pension insurance payment index) ÷ 2 × deemed payment period × transition coefficient.
A practical case study of the pension retroactive adjustment in August
Take, for example, a retiree with 40 years of service, of which 13 years is considered to be the number of years of contributions, and the pension insurance contribution index is 1.5. When he retired in January this year, the local pension calculation base for 2022 was 7,000 yuan. And in October, the local government announced the pension calculation base for 2023, with an amount of 7,500 yuan. Calculated according to the pension calculation base in 2022, the basic pension is 7000× (1 + 1.5)÷ 2×40×1% = 3500 yuan, and the transitional pension is 7000× (1 + 1.5)÷ 2×13×1.3% = 1479 yuan. Calculated according to the pension calculation base in 2023, the basic pension is 7500× (1 + 1.5)÷ 2×40×1% = 3750 yuan, and the transitional pension is 7500× (1 + 1.5)÷ 2×13×1.3% = 1584 yuan. The monthly pension difference is the basic pension difference plus the transitional pension difference, i.e. 250 + 105 = 355 yuan. If a one-time reissue can be reissued for 8 months, then the reissue amount is 355×8 = 2840 yuan.
To sum up, the retroactive adjustment of the pension in August is an important measure involving the vital interests of many retirees. Different groups of people are affected to different degrees, and through specific calculation methods, actual case analysis and coping strategies, retirees can better understand and respond to pension changes and ensure their quality of life in their later years. At the same time, it also reflects the country's care for retirees and the continuous improvement and development of the social security system.
That's the end of today's sharing, if you have any other thoughts or opinions, please leave a message in the comment area.
Disclaimer: The process and pictures described in the article are from the Internet, and this article aims to advocate positive social energy and no vulgar and other bad guidance. If it involves copyright or character infringement issues, please contact us in time, and we will delete the content as soon as possible! If there is any doubt about the incident, it will be deleted or changed immediately after contact.