In 2024, pensions will continue to rise!
The two sessions in March 2024 clearly stated that the pension will continue to rise in 2024, which is undoubtedly good news for the majority of retirees.
However, for some retirees, personal retirement pay is lower than in the past. What's going on here? Let's take a look.
According to relevant statistics, there are 140 million retirees in the mainland so far, and the per capita pension has reached more than 3,500 yuan by the end of 2023, which can already meet the daily needs of life. It stands to reason that the increase in pensions in 2024 is another happy thing for all retirees. After all, since 2005, the pension of retirees has risen for 20 consecutive years.
However, for retirees who receive occupational annuities and enterprise annuities after retirement, their pension benefits will show a downward trend. At present, according to the mainland's pension insurance system, enterprises can pay enterprise annuities for their employees, and government agencies and institutions can pay occupational pensions for government institutions and institutions. However, with regard to occupational pensions, many retirees of private enterprises do not know what an enterprise pension is, let alone how to pay it out? Only some employees of state-owned enterprises may enjoy the benefits of enterprise pensions.
What are Enterprise Annuity and Occupational Annuity?
Enterprise annuity refers to the independent establishment of a supplementary pension insurance system on the basis of the enterprise's participation in the basic pension, which is generally composed of the following three parts, namely, enterprise payment, individual employee payment and enterprise annuity fund investment and operation income.
Occupational pension is a supplementary endowment insurance established by government agencies, institutions and their staff on the basis of participating institutions, institutions and endowment insurance. The occupational pension fund is composed of four parts, in addition to the above and enterprise annuity components, in addition to the addition of other income stipulated by the state.
In terms of distribution, the payment of occupational annuity is paid on a monthly basis like the pension, and the same as the pension, it is paid according to a specific number of months.
For example, in August 2023, Lao Li, a 60-year-old civil servant in Sichuan Province, retires, with an occupational annuity personal account of 50,000 yuan and a basic pension of 5,200 yuan at the time of retirement, so what is Lao Li's monthly retirement salary?
The monthly pension treatment of government institutions is composed of two parts: basic pension and occupational annuity, so Lao Li's retiree salary is 5200 + 5000/139 = 5235.97 yuan.
What kind of retirees will have a decrease in retirement pay in 2024?
Xiaobian personally believes that in the case of pension rise in 2024, the greater impact should be on the retirees of government institutions and institutions, and their personal retirement wages are very likely to decline.
In October 2024, the pension system will be integrated. For employees of government agencies and institutions who retire before October 2014 ~ October 2024, the balance of their personal accounts for occupational annuity will be reduced.
Occupational pensions are different from pensions in that they are no longer paid when the occupational pensions in the personal account are paid. Therefore, for those who have retired in the past 10 years, the amount and number of months of occupational pension have been only a handful. It is very likely that in 2024, the retirement salaries of retirees in some government institutions will be lower than in the past.
Write at the end
In 2024, pensions will increase, and all retirees will enjoy the dividends of pension increases. However, due to the special occupational pension personal account balance, the overall retirement salary of retirees of government agencies and institutions may be lower than in the past.
Until the balance of the enterprise annuity account is 0, the personnel of government institutions and institutions will only be paid basic pensions, and the payment form of government institutions and enterprise retirees will tend to be the same.
At that time, it is expected that the gap between the pension of enterprise retirees and the pension of government and public institution personnel will gradually narrow, do you think this is feasible?
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