On the mainland, banks can be divided into policy banks, large state-owned banks, local commercial banks, locally-funded state-owned banks, private joint-stock banks, and collective rural commercial banks. Regardless of the type of bank, the pension after retirement is also higher because of the higher salary during the employment.
Although banks are classified as state-owned banks, local banks, private banks, etc., they are all supervised by the People's Bank of China. For example, Minsheng Bank, in Huaxia, is the largest one, Minsheng Bank, which was established as a private company, and the largest shareholder before that was New Hope Group.
Although New Hope Group is a listed company, it is a private company after all, and the family is big, which is why even if the employees of New Hope have a high salary in Chengdu, their pensions are not calculated according to the real income of the employees. Minsheng Bank is also a listed company, but their management is very strict, and their social security is also paid in accordance with the laws of the country.
According to the salary figures released by the National Bureau of Statistics, for example, in 2020, Ping An Bank's salary reached 56.8600 yuan, which is the best among the top 10 banks, followed by Zhejiang Commercial Bank with a per capita income of 55.25 yuan, and China Merchants Bank ranked third with a per capita income of 545,000 yuan. Among the six major state-owned banks, in 2020, their per capita wages exceeded 250,000 yuan, of which the per capita salary of Bank of Communications was 358,400 yuan, the average salary of China Construction Bank was 299,300 yuan, and the average salary of Bank of China was 288,600 yuan.
So, by 2020, what will be the per capita wage of Chinese workers? "In 2020, the average wage of employees employed in urban non-public enterprises nationwide was 97,379 yuan, and the average annual wage was 57,727 yuan." At present, the wages of employees in the mainland's banking sector have exceeded the average wage level of employees in urban enterprises on the mainland.
The basic pension insurance system for retirees shall be based on the payment base, the number of years of payment, the balance of personal accounts and the average monthly salary of employees in the previous year. Bank employees have higher incomes because they have better wages and benefits, and pensions are based on the average monthly salary of the employees themselves in the previous year. Even bank employees with lower salaries will not pay less than 100% of their insurance premiums based on their real salary.
In the business department of the bank, as long as the employee has a certain status at the branch level, the contribution rate is more than 200%, and the contribution rate of employees above the branch president level is more than 300%. In addition, jobs in banks are relatively stable, mostly state-owned and local banks. In order to work in a bank, you not only need to have a certain amount of professional knowledge, but also need to pass a rigorous assessment. Therefore, in banks, the number of years of contribution of employees, especially in the six major state-owned banks, plus the deemed number of years of contributions, can usually reach 35 to 40 years.
Because of the higher payment base and longer payment period, the pension of the average bank employee after retirement can hover between 6,000-8,000 yuan, while the management of the branch can be more than 10,000 yuan. My comrade is a clerk in a bank, and now his pension after retirement is more than 13,000 yuan, and his classmates in several branches are more than 12,000 yuan.
In the bank, in addition to the basic pension, there is a relatively high company annuity, that is, the company and the individual jointly pay 12 percent, if the working time is more than eight years, then the company will pay the money will be recorded in their personal accounts, so many people after retirement, the company's account will have hundreds of thousands of deposits.
In addition to the unified basic pension, the bank also has considerable pensions and subsidies, which are calculated according to the level, ranging from more than 1,000 yuan to thousands of yuan per month, and the pension standards of major banks are completely different. All in all, the pensions of bank employees are higher than those of government agencies, public institutions and state-owned enterprises. In addition to the basic pension, there will be other benefits.