Pension adjustment program announced 40 years of service how to benefit?

Working years of 35 years, according to 90%; working years of 30 years less than 35 years, according to 85%; working years of 20 years less than 30 years, according to 80%; Remarks: the only child's increase of 5%; so the working age of forty years of the person's retirement salary will be in accordance with the proportion of ninety percent to be issued.40 years of age of social security salary regulations

A , before December 31, 2017, by the approval of the retirement procedures and enjoy the basic pension insurance treatment on a monthly basis (excluding the organs, financial full contribution and differential contribution institutions in the implementation of the organs, institutions, retirement payment methods and adjustment policy of labor contract workers), since January 1, 2017 to adjust the basic pension.

II. Retirees adjust their basic pensions according to the number of years of contributions (including the number of years of deemed contributions, excluding commuted service, the same below). Contributory service of 10 years and more than retirees, contributory service of each full year, an increase of 3.5 yuan per month; contributory service of less than 10 years of retirees (excluding the construction of land requisitioned agricultural workers retirees), an increase of 35 yuan per person per month; contributory service of less than 15 years of the construction of land requisitioned agricultural workers retirees, an increase of 52.5 yuan per person per month.

Third, according to the provisions of this notice to adjust the basic pension before, below the average basic pension level of 2513 yuan / month within the scope of coordination of retirees (excluding senior professional and technical personnel, military cadres, former industrial and commercial workers), in accordance with the number of years of contributions on the basis of adjusting the pension, and then adjusted in accordance with the following method of adjusting the basic pension: 30 years and more years of contributions, per person per month, an increase of 45 yuan; 20 years of contributions less than 30 years, an increase of 40 yuan per person per month; 10 years of contributions less than 20 years, an increase of 35 yuan per person per month; less than 10 years of contributions (excluding the construction of land requisitioned agricultural workers retirees), an increase of 30 yuan per person per month; the construction of land requisitioned agricultural workers retirees less than 10 years of contributions, an increase of 35 yuan per person per month. The adjusted basic pension of the above people will not exceed 2,773 yuan per month.

How is the buyout of years of service calculated?

The compensation for buying out years of service is an economic compensation equal to one month's salary for every year of service, up to a maximum of twelve months.

Article 9 of the Regulations for the Implementation of the Labor Contract Law stipulates that the starting time of 10 years of continuous service as stipulated in Article 14(2) of the Labor Contract Law shall be calculated from the date of employment by the employer, including the years of service before the implementation of the Labor Contract Law. Article 10 stipulates that if a worker is assigned to work at a new employer from the original employer for no reason other than his or her own, the worker's years of service at the original employer shall be combined and calculated as years of service at the new employer.

Legal Basis: Article 16 of the Social Insurance Law of the People's Republic of China (PRC): Individuals who have participated in basic pension insurance and have made contributions for a total of fifteen years by the time they reach the legal retirement age shall receive a basic pension on a monthly basis.

Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years when they reach the legal retirement age can contribute until they reach fifteen years and receive a basic pension on a monthly basis; they can also transfer to the new rural social pension insurance or urban residents' social pension insurance and enjoy the corresponding old-age insurance treatment in accordance with the provisions of the State Council.