Text/Water clouds in the grass
The answer varies from person to person. If the urban employee pension insurance participants not only have a long cumulative contribution period (that is, length of service), but also other payment conditions are also ideal, such as the pension base of the retirement place is high, the level of pension insurance contribution is also high, both overpayment and long-term payment, then the pension treatment level must be high. But otherwise, it's a different story.
Because length of service is one of the key factors determining the level of pension treatment, but it is not the only factor, it cannot be simply concluded, and it needs to be combined with other factors to make a comprehensive judgment.
At this stage, the factors that determine the level of pension treatment mainly include the following parameters:
1. The pension calculation and payment base corresponding to the average social wage in the place of retirement
The more first-tier cities and economically developed areas, the higher the average social wage level, the higher the contribution level, and the higher the pension base at retirement.
On the contrary, the poorer and more backward the economically underdeveloped areas, the lower the average social wage, the lower the contribution level, and the lower the pension calculation base.
For employees who retire in the same year in the same region, the pension benefit calculation base is the same. However, the base of pension treatment in different regions varies greatly, which has a profound impact on the level of basic pension treatment.
Basic pension = local pension plan base at retirement × (1 + average contribution index of calendar year) ÷2× cumulative contribution period ×1%
2. Cumulative payment years (i.e. length of service)
The cumulative contribution period consists of the deemed contribution years and the actual contribution years, and is positively correlated with the pension level. In the case of retirement in the same region and other similar contribution situations, the longer the contribution period, the higher the level of basic pension benefits.
3. Average payment level over the years (i.e. payment index)
The average contribution index is the average of all contribution months and is also positively correlated with pension levels. In the case of retirement in the same region and other similar contributions, the higher the contribution index, the higher the level of basic pension benefits.
4. The cumulative amount of pension insurance personal account
It is the total amount of principal and interest transferred to the pension insurance personal account in all payment months. The longer the actual payment period, the higher the contribution level, the higher the cumulative amount of the pension insurance personal account, and the higher the pension treatment level.
5. The number of months of pension payment in the personal account
The retirement age is different, and the number of months of pension payment in the pension insurance personal account is different. The number of months to be issued is uniformly stipulated by the State Council and corresponds to the retirement age one by one.
For example, retire 195 at 50, 170 at 55, and 139 at 60.
Since the calculation formula of personal account pension = the total cumulative principal and interest of the pension insurance personal account ÷ the number of months of pension payment, the older the retirement age, the smaller the number of months of pension calculation and the higher the level of pension treatment.
6. Deemed payment period
Only before the establishment of the local pension insurance individual contribution system, those who formally participate in the work in state-owned enterprises and institutions or large collectives at or above the county level, and have personnel file materials to support them (that is, Chinese people), will have the same number of years of deemed contribution and can enjoy additional transitional pensions.
The formula for calculating transitional pension benefits is not uniform across the country. One formula per region, subject to local policies. However, the common feature is that the longer the deemed contribution period, the higher the level of transitional pension benefits.
Total level of basic pension = basic pension + personal account pension + transitional pension
In view of the above reasons, if only the cumulative payment period is long and the pension insurance contribution level is low, then the pension treatment level may be medium or even moderately low.
If the cumulative contribution period of the pension insurance is long, but . If the contribution level is medium, then the pension treatment level may be at the medium to high level.
If the cumulative contribution of pension insurance is medium, and the contribution level is also medium, then the pension treatment level may be at a medium level.
If the cumulative contribution of pension insurance is short and the level of contribution is also low, then the pension treatment level is at a low level.
In the final analysis, the principle of pension planning and issuance is to pay more and get more for a long time. If you plant melons, you get melons, and if you plant beans, rights and obligations are equal.