In April, the most exciting event for retirees was undoubtedly the imminent announcement of the pension adjustment plan. According to the previous announcement, the pension in 2024 will achieve the 20th consecutive increase. In addition, according to the practice of previous years, the pension adjustment policy may be announced at the end of April. Many people wonder if it is possible for retirees with 15 to 35 years of service to increase their pension by 150 to 350 yuan.
01
Why is this year's pension expected to "rise 20 times in a row"?
According to the notice, the pension level will continue to be raised in 2024. Predicting how much pensions will rise is not easy, and it needs to take into account a number of factors, such as economic conditions, price levels, and wage growth.
Based on historical data, we found some patterns. Every year in late April, the government releases a pension adjustment plan.
And this year, there is reason to believe that the increase could exceed last year's 3.8%. After all, with GDP growth of more than 5% in 2023 and steady growth in wages and prices, it seems that pension growth is expected to reach or exceed 4% this year. Let's look forward to the good news in late April!
And the growth of pensions does not simply depend on a ratio. In fact, the size of the increase is related to your length of service, payment base, province and city, and even life stage.
When it comes to length of service, this factor seems to have a particularly significant impact on the increase in pensions. For example, according to data from the new social security policy, the average pension increase for those who have worked for 15 years is 7%, while the increase for those who have worked for 30 years is as high as 15%.
This can't help but make people imagine that when the length of service increases from 15 to 35 years, will the pension increase reach an astonishing 350 yuan?
02
With 15-35 years of service, can it increase by 150-350 yuan?
Generally speaking, the pension increase consists of three parts: fixed adjustment, peg adjustment and tilt adjustment.
These adjustment methods not only take into account the working years of employees, but also consider the background of social and economic development, and ensure the fairness and justice of pensions. But at the same time, it also means that the growth of pensions does not depend only on the length of service, but is determined by the interweaving of many factors.
So, for a retiree with 15 to 35 years of service, can their pension be increased by 150 to 350 yuan?
We can learn from the adjustment plan of Shandong Province in 2023 and calculate a rough result based on examples.
Suppose there are three retired employees, A, B, and C, who have worked for 15 years, 25 years, and 35 years, respectively. At present, the pensions received are 1,100 yuan, 2,200 yuan and 3,000 yuan respectively. According to the adjustment plan of Shandong Province, their pension increases were 72.75 yuan, 100.5 yuan and 126.5 yuan respectively.
It can be seen that although the length of service has increased by 20 years, the growth of the pension is far from the expected 350 yuan.
In fact, even retired employees who have worked for 35 years, without the guidance of special adjustment policies, their pension increases are often difficult to reach 150 yuan, let alone 350 yuan.
However, once retired employees enjoy special adjustment policies, such as old-age allowance and retirees with higher basic pensions, their pensions may even increase by more than 350 yuan!
However, we need to note that the mainland pension has not achieved national overall planning, and different regions have completely different adjustment plans and increases.
For example, under the conditions of pension for the same length of service and the same level in Tibet and Jiangxi, the difference in increase is nearly 100 yuan. This means that where you retire may determine whether your pension will rise to the fullest.
In addition, the increase in your pension is also related to the number of years you have paid. Long-term contributions can make your base pension higher, which can lead to a larger increase.
Therefore, in your working life, it is advisable to stick to your contributions as much as possible, and do not stop paying after 15 years, which may cause you to lose a large amount of income in the days after retirement.
Write at the end
In summary, the increase in pensions in 2024 is affected by a number of factors, including the number of years of contributions, the amount of basic pension, and the adjustment plans of different regions.
Although the exact percentage of the increase needs to be confirmed by official notification, regardless of the outcome, the longer you continue to pay premiums, the more you continue to pay premiums, the core of increasing your retirement amount.
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