Is the old-age insurance the same as the pension after the overall planning of the province?

Hello, I'm glad to answer your question. Is the old-age insurance the same as the pension after the overall planning of the province? After the implementation of national overall planning for old-age insurance, the amount of pension received by everyone will be different.

Pension payment and calculation mode will be unified, calculation parameters will be unified, and payment base and payment grade will be unified.

National overall planning of endowment insurance means the unification of endowment insurance policies.

It means the unification of pension calculation and payment system, and the unification of pension fund raising, management and operation.

At present, the overall planning of endowment insurance is provincial overall planning. The reason why the old-age insurance policies of different provinces are different is that the current old-age insurance is coordinated at the provincial level, so each province has the right to formulate its own old-age insurance policies.

If the national pension insurance is coordinated, the provinces will no longer have the right to formulate provincial policies.

Just like the current provincial overall planning, the social security departments at the city and county levels have no right to formulate social security policies in this city and county.

The benefits of national overall planning of endowment insurance are: it will narrow the regional differences of pensions, break the shackles of territorial management, and make it more convenient to participate in insurance and receive retirement pensions in different places.