2024 pension insurance consolidation policy

Our country has always been concerned about the retirement life of retirees. Since the introduction of the pension system, more and more people have begun to pay attention to the payment of social endowment insurance. As we all know, in terms of paying social security, the proportion of employees in private enterprises is somewhat different from that in institutions.

When receiving pensions, employees in public institutions can often receive an extra occupational annuity, while employees in private enterprises often do not. Recently, many people are talking about the integration of pensions. What does the integration of pensions mean? How to calculate the post-80s pension after the merger?

1.What does it mean to merge civil servants' pensions in 2024?

1, dual track

As we all know, there are some differences between the retirement mechanisms of institutions and enterprises. Under normal circumstances, civil servants pay endowment insurance, either in a high proportion or not at all. There will be a pension anyway. Enterprise retirees need to pay social security on time in order to receive a certain pension after retirement, which is the dual-track pension mechanism.

Step 2 rebound

According to the news of relevant institutions, the ten-year transition period of the pension system of government agencies and institutions will end from 10 in 2024.

In other words, starting from the second half of 2024, the calculation method will be updated when retirees of government agencies and institutions calculate their pensions. It uses the average payment index of accumulated payment years and the average social wage to calculate pension benefits.

That is to say, after the merger, whether the staff of government agencies and institutions can receive pensions needs to be linked according to the payment period, payment base and length of service, just like the staff of ordinary enterprises and units.

But in fact, there are still some differences.

Because in reality, many enterprises do not establish the payment base of social security strictly according to their actual salary base. Thus reducing the final average payment index, then the pension of natural enterprise units is still very low.

The pension payment base of government agencies and institutions is often high, so the pension after retirement is relatively high.

Second, how to calculate the post-80 s pension after the merger?

After the pension is merged, the calculation of social security pension is the same as that of urban workers. According to this formula, monthly basic pension = basic pension+personal account pension; Basic pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) /2* payment period * 1%.

Generally speaking, the later you join the work, the closer you get to the time points of 20 14 and 10, and the shorter the length of service, the less the transitional pension.

In fact, the pension system has been merged for a long time. After 2024, the actual situation of pension consolidation will not change significantly. This is one of the reasons why the army of civil servants is so huge every year.