A New Method of Pension Substitution in 2024

Before 2024, the pension replacement of retirees will be different in different places, but on the whole, the part calculated according to the new method will be reissued before September 30, 2024. Retirees' pensions can be reissued year by year or at one time, and the amount of reissue varies according to the change of annual contribution ratio. After the replacement is completed, the pension calculated according to the new method will be paid, with the ratio of 100%. To sum up, by 2024, all retirees will calculate the alternative pension year by year, and finally implement the pension calculated by the new method.

Will China people's pensions be paid in full in 2024?

The situation of pension replacement for retired middle-aged people varies from place to place, but on the whole, before September 30, 2024, the pension calculated by the new method is higher than that calculated by the old method and will be reissued. In fact, up to now, most places have already reissued them.

Because the endowment insurance for the staff of government agencies and institutions was implemented from June 20 14 to June 20 14, they joined the work before September 20 14 and retired after June 20 14, which belongs to retirees of government agencies and institutions. Because the pension for retired middle-aged people is calculated by comparing the old and new methods, the part calculated by the new method is higher than that calculated by the old method, and it should be calculated according to the transition ratio of 10 year.

However, in many places, in order to ensure that the lives of retirees are not affected, until the new pension calculation and payment methods are straightened out, the pensions of retirees can only be paid in advance according to the old methods. After the new method is straightened out, the pension calculated according to the new method and the proportion of transition period 10 year will be reissued.

In some places, this substitution is carried out year by year, and in some places, it is carried out once the pension calculation and payment methods are straightened out. For example, Zhang's pension calculated by the new method is 2000 yuan higher than that calculated by the old method. If he retires in 2065, 438+05, if he has paid in advance according to the old method, then he needs to reissue it in proportion to the higher part every year.

In 20 15 years, the excess of 10% will be paid to 200 yuan every month, and in 20 16 years, the excess of 20% will be paid to 400 yuan every month. 20 18, calculated year by year according to the annual plan and payment ratio, paid to the bank account of retirees in one lump sum, 20 18.

If the pension received after retirement in 2024 is calculated in advance according to the old method, then before September 30, 2024, it is necessary to calculate the amount of the excess from the second month of retirement according to the proportion of the annual excess, which is also calculated year by year. Because the proportion of annual allowance is different, the amount of annual replacement is also different, which is calculated one month before replacement and after replacement.

After the pension paid in advance according to the old method is reissued in 2024, the pension received from 2024 after the reissue is the pension calculated according to the new method, because the calculation and payment ratio in 2024 is 100%.

To sum up, no matter whether the pension calculated according to the old method is paid in advance or calculated according to the new method, if it is not calculated according to the ratio higher than that calculated by the old method, it will be reissued once a year in 2024, and then 100% of the pension calculated by the new method will be implemented.

In 2024, the pension policy adjustment plan was announced to meet the challenge of population aging and ensure the quality of life and economic security of the elderly. According to the new scheme, the pension payment standard will be adjusted according to the individual payment period and payment amount, and the pension resources will be distributed more fairly. In addition, the plan strengthens the protection of low-income elderly people, raises the minimum pension standard, and ensures that their basic living needs are met. At the same time, the plan also encourages individuals to voluntarily pay pension insurance to increase the accumulation of personal pension. The government will strengthen supervision and law enforcement to ensure the safe and rational use of pension funds. The introduction of this policy adjustment plan will provide more reliable old-age security for the elderly and promote social stability and sustainable development.

Legal basis:

People's Republic of China (PRC) Social Insurance Law;

Chapter II Basic Endowment Insurance

Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.