The new retirement wage policy is as follows: retirement wage is a social security policy that benefits people's livelihood. In China, pensions are mainly divided according to objects, one is mainly for employees of government agencies and institutions, and the other is mainly for employees of enterprises. Because the main application objects are different, the specific implementation mechanism is very different, and it has been implemented for nearly 20 years.

The retirement wage standards for employees of state-owned enterprises are as follows:

1. The retirement fee for civil servants after retirement shall be calculated and paid according to a certain proportion of the sum of post salary and grade salary before retirement. Among them, 90% have worked for 35 years, 85% have worked for 30 years and less than 35 years, and 80% have worked for 20 years and less than 30 years;

2. The retirement fee for staff of public institutions after retirement shall be calculated according to a certain proportion of the sum of post salary and salary scale salary before retirement. Among them, 90% have worked for more than 35 years, quarreled, 85% have worked for more than 30 years and less than 35 years, and 80% have worked for more than 20 years and less than 30 years.

3. Retirement expenses for skilled workers and ordinary workers in institutions and institutions after retirement shall be calculated according to a certain proportion of the sum of post wages and technical grade wages before retirement and the information obtained by post workers. Among them, 90% have worked for more than 35 years, 85% have worked for more than 30 years and less than 35 years, and 80% have worked for more than 20 years and less than 30 years.