Since October this year, the transition period of the pension insurance system of government institutions and institutions that has lasted for ten years is about to come to an end, and the focus of people's attention is on the transformation of the pension calculation method and the integration of the issue. Some netizens wondered whether the employees of government agencies and institutions who retired after October were still "retired people" and whether their pension benefits would be affected.
In fact, the retirees of government agencies and institutions are divided into three categories -- retired elderly, retired middle-aged and retired newcomers. Retired seniors refer to those who have retired before the reform, while new retirees refer to those who have joined the work and gone through the retirement procedures after the reform. However, some netizens still have doubts about the definition of a retired person.
In fact, retirees can be subdivided into transitional retirees and non-transitional retirees. The former are those who retired between September 2014 and September 2024, and the latter are those who worked before that and retired after October 2024.
Therefore, some of the employees of government agencies and institutions who retired after October are still retired. However, their pension calculation method will no longer adopt the principle of minimum guarantee and high limit, but will be paid according to the actual amount. So, does this mean that their remuneration will decline? This is an issue that many employees of government organs and institutions are concerned about.
In order to answer this question, we need to understand how the pension is calculated when you retire after October. The following is an example of an employee of a government agency who will retire in November 2024.
Assuming that the employee's working experience is 41.2 years, the deemed payment period is 31 years, the pension insurance payment index is 1.2, the balance of the pension insurance personal account is 58,000 yuan, and the local pension calculation base is 8,300 yuan. Accordingly, its basic pension mainly includes three parts: basic pension, personal account pension and transitional pension.
Specifically, the basic pension is 8300 * (1 1.2) / 2 * 41.2 * 1% = 3762 yuan, the personal account pension is 5800 / 139 = 417 yuan, and the transitional pension is 8300 * 1.2 * 31 * 1.3% = 4014 yuan. The sum of the three items totals 8,193 yuan.
In addition, the employee also has an occupational pension as a supplementary pension, which is about 610 yuan. Therefore, its overall pension should be 8193 610 = 8803 yuan.
If the employee is a retired person during the transition period, it will be calculated according to the old method. However, usually the amount calculated by the new method will be higher than the old method, and if the new method is calculated according to the above conditions, the pension is expected to exceed 8,000 yuan. In contrast, if calculated according to the old method, the pension may only be five or six thousand yuan. It can be seen that the pension benefits of employees of government agencies and institutions who retired after October have not been reduced, but have been increased.
Of course, there are special cases. For example, employees who have worked in an enterprise and then transferred to a government institution may have a higher benefit calculated under the old method, so that they will receive a higher pension when they retire after the end of the transition period than they would have received under the new method.