With the end of the 10-year transition period, many people have begun to pay attention to whether the retirement benefits of retirees in government institutions will be reduced. On this issue, we need to look at it rationally and analyze it comprehensively. First of all, we need to understand what a "retired person" is. This term is usually used to refer to those who work in government institutions and face pension adjustments in the reform of the retirement system.
Looking back on the background of the reform, on October 1, 2014, the State Council issued the "Decision on the Reform of the Pension Insurance System of Government Institutions and Institutions", marking the transformation of the mainland pension system from government lump sum to individual payment. In this process, the pension calculation methods of government agencies and institutions are gradually integrated with those of enterprise retirees. After the end of the transition period, there will also be a series of changes to the pension system for those in retirement.
First of all, the minimum height limit mechanism during the transition period no longer exists. This means that the pension calculation method of retirees in government institutions will be the same as that of enterprise retirees, and more attention will be paid to individual contributions and account storage. This can be seen in the examples of Mr. Zhang and Ms. Li. Mr. Zhang worked in the enterprise for 10 years, accumulating a personal account of 100,000 yuan, and then transferred to the public institution to work for 20 years. Ms. Li retired during the transition period, and her pension was first paid according to her original salary estimate, and then settled according to the actual amount after the relevant policies were introduced, and the full amount was completed.
Secondly, the way pensions are paid will also change. After the end of the transition period, retirees can pay their pensions in full, and they can no longer only receive benefits in advance as during the transition period. This will make retirees more independent in the use of pensions and improve the security of retirement life.
To sum up, although after the end of the 10-year transition period, the pension calculation method and payment method of retirees of government agencies and institutions have been adjusted to a certain extent, it does not mean that the treatment has been reduced. On the contrary, the new pension system focuses more on individual contributions and account savings, which is conducive to the fair and equitable treatment of every retiree. Of course, some problems may be encountered in the process of reform, but it is believed that with the continuous improvement and adjustment of policies, the rights and interests of retirees will be better protected.