Before September 2024, employees of public institutions will be promoted to senior titles, and the impact of changes in their pensions is very complex. The previous article introduced the changes in the calculation of pensions under the old method, and this article focused on how to calculate the changes in retirement benefits under the new method?
The basic situation of retirees is like this, at the time of retirement at the age of 55, the salary scale is 34, and the professional and technical level 7 post is compared with the retirement of the 8 level post, what will be the difference in pension?
The retirement benefits under the new measures mainly include two major parts: basic pension and occupational annuity. For example, the formula for calculating the basic pension of retired employees of government agencies and institutions in Shandong Province is as follows:
Two parts that don't change.
The promotion to senior titles in 2024 will not affect the personal account pension and occupational annuity in the retirement benefits of the new measures. The formula for these two parts is exactly the same, which is equal to the balance of the personal account at retirement divided by the number of months determined by the retirement age. Retirement at the age of 55 is 170 months.
The balance of the personal account of pension insurance and occupational pension is recorded according to a certain proportion of the contribution base of the current year (endowment insurance is 8% of the contribution base, occupational pension is 4% of the contribution base individual + 8% unit). If you are promoted to a senior title in 2024, it will not affect the payment base of the current year, because the payment base is approved based on the monthly average of the total salary of the previous year.
To sum up, the balance of the personal account will not change whether or not to be promoted to a senior title in 2024, so the treatment of occupational annuity and personal account pension will not change.
Two parts affected.
The two parts of the pension that are affected are actually the basic pension and the transitional pension. In fact, the root cause of the impact is due to the change in the deemed contribution index, while other factors have not changed.
The deemed contribution index is generally determined based on three factors: the post level, the salary scale and the living allowance standard corresponding to the retirement post level at the time of retirement. In Shandong Province, this is called the job index, salary scale index and adjustment index. From level 8 posts to level 7 posts, the post index will definitely increase, and the adjustment index will also increase, and it is expected that the comprehensive deemed contribution index will be increased by about 0.2, and the salary scale index will remain unchanged and will not be affected.
The first is the basic pension, which is calculated using the average contribution index. In fact, if you remove the complicated calculation formula, follow the heart-warming simplified calculation formula. If the deemed contribution index can be increased, the basic pension can actually increase the pension calculation base in the year of retirement or the full-caliber average salary of the previous year× the increase value of the deemed contribution index ÷2× deemed payment period ×1%.
Since the deemed payment period is 14 years, the increase amount of the basic pension is 0.2÷2×14×1% = 1.4% of the average salary or pension calculation base. The pension base of Shandong Province last year was 7,468 yuan, and if it rises by 4% this year, it will be around 7,767 yuan. Therefore, the basic pension will be increased by about 109 yuan/month.
The second is a transitional pension. The increase value of the transitional pension is actually equal to the increase value of the deemed contribution index× the transitional coefficient × the deemed contribution period× the average salary or pension calculation base.
According to the situation in Shandong Province, the above degree of improvement is actually 0.2×1.3%×14=3.64% of the average salary or pension calculation base. According to the situation in Shandong Province, it is expected to increase by 283 yuan/month.
The sum of the above two parts is 392 yuan per month, which is about 400 yuan per month.
October 2024 is the end of the 10-year transition period for the calculation of pension benefits of government institutions and institutions, but the promotion of professional titles after the end will also affect the change of the deemed contribution index, so the impact of professional titles on retirement benefits under the new measures will not disappear. The impact on the deemed contribution index will not disappear until the deemed contribution period has completely disappeared. #头条创作挑战赛##养老金知识小百科#