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20 14 subsidy for former retirees
First, the difference between pension and retirement pension lies in:
1, with different concepts, pension is an insurance benefit paid according to its contribution to society and seniority. Endowment insurance is a social security system established to solve the problem that workers reach legal age or lose their ability to work.
2. Different payment methods. Pensions are provided by a single entity or enterprise, and beneficiaries can enjoy them without paying fees. Social endowment insurance premiums shall be withheld and remitted by the insured units, part of which shall be turned over to the state and part of which shall be deposited in personal accounts.
3, different funding channels, pensions are collected by the state finance or local finance, and the retirement benefits of retirees who have not participated in the social pooling of pension insurance are called pensions or retirement living expenses.
Second, the pension consists of the following parts:
1, basic pension.
2. Transitional pension (including transfer).
3. Co-ordinate the living price subsidies within the project, and uniformly adjust the increase.
Legal basis:
People's Republic of China (PRC) social insurance law
Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.
Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.
Nineteenth individuals across the overall regional employment, the basic old-age insurance relationship with my transfer, the cumulative payment period. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.
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