What is the meaning of the "increase" in the August 2021 pension approval form?

Increase is the upward adjustment of pensions, retroactive: it is from the provisions of the capital increase date, to the actual issue of this period of time period retroactive payment to the adjustment of personnel. Increase the pension is a kind of incentive mechanism, the state to "more work, more contributions, more pension" policy, to appropriately increase the pension of the elderly retirees and retirees in difficult areas. The increase in pensions represents the government's efforts to take care of these retirees.

What is the meaning of the pension replacement rate

Whether the level of the pension replacement rate can be increased accordingly has also become a hot topic of social concern.　　

The so-called pension replacement rate is the ratio between the level of pension received by a worker at retirement and the level of his or her pre-retirement wage income, and it is one of the basic indicators for measuring the difference in the level of living security before and after retirement.　　

Social security experts said the pension replacement rate is an important part of a country's or region's pension insurance system system, and is an economic and social indicator reflecting the living standards of retirees.　　A grim reality is that the current social security pension replacement rate is only about 40%, and most of the public enterprise annuity is basically difficult to enjoy, and the security of old age, personal self-financing pension has become the main way out for most people.　　

There are four commonly used replacement rate caliber:

One is the system design of the target replacement rate, refers to the continuous participation in the contributions of the representative individual workers retirement pension relative to the proportion of the average salary of employees in the previous year. Among the representative individual workers are those who are employed at working age, continuously insured and contributing, and whose wages are in line with the average wage of employees in the same period. The target replacement rate reflects the design of the system, in particular the target level of security of the basic pension calculation method. At present, the target replacement rate of the basic pension insurance system design for urban enterprise employees in China is about 59.2%, which means that the pension of an insured person who has made continuous contributions for 35 years (including deemed contribution years) at the average salary of an employee, and who retires at the age of 60, is about 59.2% of the average salary of an employee in the previous year.　　

The second is the actual replacement rate of the new retiree's own pension in the current year, which refers to the ratio of the new retiree's own pension in the current year to his or her salary in the year before retirement. It measures the difference in income before and after an individual's retirement. If an employee's salary in the year before retirement is 3,000 yuan, and his or her pension in the year of retirement is 1,500 yuan, the replacement rate is 50 percent.　　

Thirdly, the average replacement rate of all new retirees' pensions refers to the ratio of the average pension of all new retirees in the year to the average wage of employees in the previous year, which measures the difference in income between new retirees and active employees in the year, and reflects the actual level of protection of the pension calculation method. This ratio is lower than the target replacement rate of 59.2% due to the structure of personnel, such as some people who have contributed for 15 years and then stopped contributing, and some people who have not contributed on the basis of their actual salary level and have a lower salary base for contributions.　　

Fourth, the average replacement rate of all retirees' pensions, which refers to the ratio of all retirees' pensions to their wages in the year, and it measures the overall difference between the income levels of retirees and active employees. A major difference between social insurance and commercial insurance is that the state constantly adjusts the pension level according to economic development and price changes. So far, China has raised retiree pensions for 10 consecutive years, with per capita pensions increasing from 544 yuan in 2000 to 1,869 yuan in 2013, a 2.43-fold increase in 13 years. At present, the average per capita pension accounts for 65% of the average contributory salary of urban enterprise participants in the previous year.