Detailed Rules for Wage Increase of Enterprise Retirees in Liaoning Province

The salary increase rules for enterprise retirees in Liaoning Province are as follows:

1 and 20021year, the wages of retirees in Liaoning province were adjusted in a fixed amount, and the 54 yuan was uniformly increased. As for the linkage adjustment, the linkage with the payment period is the same as last year's detailed rules, or the payment period will increase by 1 yuan every full year, and the part exceeding 15 will increase by 1 yuan every full year. In the aspect of tilt adjustment, we should take care of senior retirees, retirees in hard and remote areas and retired cadres in enterprises;

2. Before the end of 2020, if the senior retirees are over 70 years old and under 80 years old, the 45 yuan will be increased; Senior retirees aged 80 and above rose by 90 yuan. The amount of tilt adjustment enjoyed by senior retirees this year is lower than last year's 50 yuan and 100 yuan. Retirees in hard and remote areas can get extra 5 yuan money, which is the same as last year.

To sum up, individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid 15 years.

The calculation method of retirement pension in Liaoning Province is as follows:

The monthly standard of basic pension is 1, which is based on the average monthly salary of local employees in the previous year and my indexed monthly salary, and is paid to 1% every year. The calculation formula is: basic pension = (average monthly salary of local employees in the previous year when the insured retires+average monthly payment salary of the insured) /2* payment period *1%;

2. The monthly standard of personal account pension is the amount of personal account storage divided by the number of months. The calculation formula is: personal account pension = accumulated amount of personal account when the insured retires/payment months;

3. The monthly standard of transitional pension is based on my indexed monthly average payment salary, and the payment period before "unified account integration" is paid to 1 year. The calculation formula is: transitional pension = my indexed monthly average payment salary * payment period before unified account *1.2%;

4. The transitional adjustment fund is based on the current local standards, and retirees from 2006 to 20 14 will be paid in a certain proportion. After 20 15, the transitional adjustment fund will no longer be issued.

Legal basis:

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 11

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Article 13

Before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.