Calculation of pensions after the 2024 pension consolidation

A, 2024 civil servants pensions and what does it mean?

1, double-track

As we all know, there are some differences between the retirement mechanism of the organization and the enterprise work unit. Normally, civil servants in the payment of pension insurance, the payment ratio is either very high, or simply do not pay, anyway, will certainly have a pension. On the other hand, enterprise retirees need to pay social security on time in order to receive a certain amount of pension after retirement, which is the two-track pension mechanism.

2, and track

According to the news of the relevant agencies, from October 2024, the institutions of the pension system will end the transition period of ten years.

That is to say, from the second half of 2024, the organization's retirees in the calculation of pensions, the calculation method will be updated. It uses the average contribution index of accumulated years of contributions and the average social wage to calculate the pension.

That is to say, after the integration, whether the organization's staff can receive a pension, according to the number of years of contributions, the contribution base, the length of service and so on to link, and the ordinary enterprise units of the staff is no difference.

But in reality, there are some differences.

Because in reality, many enterprises, not strictly in accordance with their actual salary base, to establish the social security contribution base. This reduces the final average contribution index, then the natural enterprise units of the pension is still very low.

Two, and after the 80 pensions how to calculate?

After the pension track, the social security pension calculation is the same as the urban workers, in accordance with this formula: monthly basic pension = basic pension + personal account pension; basic pension = (the province's average monthly salary of on-the-job workers in the previous year + the average monthly salary of the indexed monthly contributions of the average salary) / 2 * years of contributions * 1%.