Calculation formula of delayed retirement age

According to the latest news, 10 On June 29th, the Fifth Plenary Session of the 19th Central Committee adopted the "Proposal of the Central Committee on Formulating the 14th Five-year Plan for National Economic and Social Development and the Long-term Goals for 2003-2005" (hereinafter referred to as the "Proposal"), in which the above statement was made on delayed retirement.

The "Proposal" points out that the multi-level social security system will be improved. Improve the multi-level social security system covering the whole people, coordinating urban and rural areas, being fair, unified and sustainable. We will promote the transfer of social security and improve the financing and treatment adjustment mechanism for basic old-age care and basic medical insurance. Realize the national overall planning of basic old-age insurance and gradually delay the legal retirement age.

Gradual delayed retirement age time

The Central Committee of the Third Plenary Session has decided to extend the age from 5 to 10.

The proposal for delaying retirement is:

First, starting from 20 15, female employees and residents born in 1965 are delayed by 1 year, and the birth of 1966 is delayed by 2 years, and so on. By 2030, women will receive a pension at the age of 65.

Second, starting from 2020, male workers and residents born in 1960 will be delayed for six months to get a good pension book, and so on. By 2030, male employees and residents will receive pensions at the age of 65.

How to calculate the gradual delayed retirement

If the gradual delayed retirement scheme is implemented in 2022 (calculated by 1 year), the retirement age after delayed retirement can be calculated according to the current retirement age regulations in China. The specific formula for calculating the delayed retirement age is as follows:

Retirement age of female employees =50+3×(50+ year of birth-2021)12.

Retirement age of female cadres =55+3×(55+ year of birth-2021)12.

Male retirement age =60+3×(60+ year of birth-2021)12.

We select female employees, female cadres and male employees born in 1980 for calculation, and the results are as follows:

1the retirement age of female employees born in 980 = 50+3x (50+1980-2021)12 = 50+3x9/12 = 52 years old.

1the retirement age of female cadres born in 980 = 55+3x (55+1980-2021)12 = 55+3x14/1.

1980 male retirement age = 60+3x (60+1980-2021)12 = 60+3x19/12.

Causes and significance of the policy of gradually delaying retirement age

1, the trend of population aging is accelerating, the dependency ratio is decreasing year by year, and the social security pension system is overwhelmed. "If the policy of delaying the statutory retirement age is not implemented, the dependency ratio of old-age insurance (number of employees/retirees) will drop from 2.65: 1 in 20 19 to 1 in 2050. Recently, the "Hundred Questions on Learning Guidance of the Fifth Plenary Session of the 19th CPC Central Committee" (hereinafter referred to as "Hundred Questions") published by Party Building Reading Publishing House and Learning Publishing House made the above response to this question. There are 250 million elderly people over the age of 60 in China, and the dependency ratio of old-age insurance has been decreasing year by year, from 5 people in the 1990s 1 to 2.66 people 1 at the end of 20 18. The reduction of dependency ratio means that fewer people pay and more people receive money. If we continue and do not take active measures, it will bring pressure and challenges to the sustainable development of endowment insurance.

2. The current legal retirement age is not suitable for the current life expectancy in China. At present, the legal retirement age in China is 60 for men, 55 for female cadres and 50 for female workers. 1978 is based on the fact that the average life expectancy in the early days of the founding of new China is less than 50 years, which is not suitable for the average life expectancy of 77.3 years in China in 20 19, which not only affects the effective supply of the labor market, but also affects the labor market. China is the country with the earliest retirement age in the world, with an average retirement age of less than 55. The current low retirement age has not adapted to the current economic and social development. At present, the retirement age of all countries in the world, except some countries in Africa, is 65 and 67 in most countries. In recent years, some countries have delayed the retirement age. For example, the United States and Germany have gradually raised the legal retirement age from 65 to 67, Japan and South Korea have gradually raised the legal retirement age from 60 to 65, and Australia plans to postpone the retirement age to 70 in 2029.

What does it mean to gradually delay retirement?

Gradual delayed retirement refers to gradually extending the retirement age by one year every three years in a slow and steady way. The basic principle of this plan is: take small steps and slow down, gradually extend the retirement age, and establish a buffer mechanism before extending the retirement age to minimize the impact of retirement policy adjustment.

Although everyone has different views on the issue of delaying retirement, different organizations have put forward different plans, but one thing is agreed, that is, "be flexible rather than rigid." Introduce flexible retirement policy in a timely manner, not across the board, and pay attention to the use of economic means to form an incentive and restraint mechanism to adjust retirement age.