Lao Wang retired in June this year, he and his colleague Lao Li retirement conditions are similar, 40 years of working experience, the balance of personal accounts are also about 100,000 yuan, but now last year's retirement of old Li received a monthly pension of more than 4800 yuan, and Lao Wang can only receive more than 4600 yuan.
At present, because China is promoting the national overall planning of endowment insurance. Starting from 2019, China's pension calculation has changed a lot. In 2020, China began to publish the pension calculation base for the current year by the local human resources and social security departments to replace the average social wages of the previous year. However, the pension base of various places has not been announced this year.
The current pension calculation formula is determined according to the 2005 Guo Fa No. 38 document, which mainly includes three parts: basic pension, personal account pension and transitional pension. In fact, these three parts are determined for different situations, the local establishment of a combination of integrated accounts and personal accounts of the pension insurance system before the payment period, the payment period and the deemed payment period of the pension is mainly composed of the basic pension and the transitional pension. Combined with the subsequent payment of the unified account, the pension generated mainly includes two parts: the basic pension and the personal account pension.
Take the Shandong Pension Calculation Formula as an example, as follows:
First of all, the pension part of the personal account is the best calculated. Equal to the balance of the personal account, divided by the number of months of payment determined by the retirement age. If the personal account has 100,000 yuan, the retirement age is 60 years old, the number of months is 139 months, and the monthly personal account pension can be about 720 yuan.
However, interest is calculated on each year's personal account. The corresponding bookkeeping interest rate is uniformly announced by the Ministry of Human Resources and Social Security, which is 6.04% in 2020. If the corresponding calculation of interest has not been announced this year, it has not been calculated. If you continue to calculate according to 6%, at least the balance of the personal account will increase by 6,000 yuan. After increasing the balance of the personal account, the personal account pension will reach 763 yuan.
The balance of the personal account can also reflect our past average payment level. Generally speaking, the balance of the personal account of the pension insurance is 100,000 yuan, and the average payment index of the person is about 0.9 to 1.
Secondly, the basic pension part is mainly linked to the average social wage, the average payment grade and the number of years of payment. If the average contribution index is 1, 40 years of contribution can receive 40% of the average social wage of the previous year of retirement.
The payment period is specific to each month, and one more month will add 0.0833 years.
If the average contribution index is 0.6, only 32% of the social average wage can be received, and the relative reduction is still not large.
Now the average social salary of the previous year of retirement has been changed to the pension calculation base of the current year. The base of payment in 2020 is 6573 yuan, which is 5% higher than the average social wage of urban non-private units in 2019, which is exactly the average increase in pensions. The increase in social wages is generally 8% to 10%. This is a transitional approach, and it is expected that in the future, it will be expected that there will be a gradual transition to the social average wage of employed persons in full-caliber cities and towns.
The same 40% social average salary was calculated at 2629 yuan last year. Since a new base has not been introduced this year, the temporary pension can only be calculated according to last year's pension calculation base standard.
If calculated according to the 4.5% increase in the 2020 calculation base, the pension calculation base in 2021 is expected to be 6868 yuan, and the true result of the calculation is expected to be 2747 yuan.
In addition, there is a transitional pension. Assuming that there is a transitional pension calculation period of 15 years and the average contribution index is 1, you can receive a transitional pension of 19.5% of the social equal wage.
According to the different pension calculation bases, the results are 1282 yuan and 1339 yuan, respectively.
In this case, Lao Wang should receive a temporary pension, roughly calculated as 4631 yuan, if it is straightened out, he can receive a pension of 4848 yuan.
In fact, Lao Li's pension is the result of the increase in the pension adjustment plan of Shandong Province in 2021. According to the pension adjustment plan at that time, the fixed amount adjustment part was to increase the pension of 65 yuan per person per month; the adjustment of the payment period increased by 53.5 yuan; and the adjustment of the pension ratio increased by 55.5 yuan.
In fact, Lao Li's adjusted pension could not catch up with Lao Wang's future pension.