The annual pension increase is calculated as follows: 1. Adjust the pension calculation formula: personal pension amount = old age pension + labor pension + personal pension 2. Monthly old age pension = the average monthly salary of local employees on the job in the previous year

×[Age subsidy rate

Old age pension = 110% of the personal account savings when the individual retires ÷ (76 - the individual’s actual retirement age) ÷ 124. Workers’ pension: 100 yuan for each year of work based on length of service.

By analogy, the pension for 10 years of service is 1,000 yuan.

The pension for those who have worked for 20 years is 2,000 yuan, the pension for those who have worked for 30 years is 3,000 yuan, and the pension for those who have worked for 40 years is 4,000 yuan.

No matter whether they are senior workers, mid-level workers or ordinary workers.

Pensions are equal.

Civil servants must also be equal regardless of their position.

Same as workers’ pensions.

Implementation completed within three years.

The amount of labor pension depends on the individual’s cumulative contribution years.

The labor pension percentage can take a value of 1.0%, 1.2%, or 1.4%. The 1.0% value means that most retirees will reduce the current pension level, and the 1.4% value means that most retirees will increase the current pension level.

But the result is fair. If there is more, everyone will get more, if there is less, everyone will get less. It should be suitable for the country's economic development, and it can effectively control the size of the pension gap.

Legal basis: Article 13 of the "Social Insurance Law": Before employees of state-owned enterprises and public institutions participate in basic pension insurance, the basic pension insurance premiums that should be paid during the deemed payment period shall be borne by the government.

When there is insufficient payment from the basic pension insurance fund, the government will provide subsidies.

Article 15 The basic pension consists of the overall pension and the personal account pension.

The basic pension is determined based on the individual’s cumulative contribution years, contribution salary, average salary of local employees, personal account amount, average life expectancy of the urban population and other factors.

Article 18 The state establishes a normal adjustment mechanism for basic pensions.

Based on the growth of average wages of employees and rising prices, the level of basic pension insurance benefits will be increased in a timely manner.

The annual pension increase is calculated as follows: 1. Adjust the pension calculation formula: personal pension amount = old age pension + labor pension + personal pension 2. Monthly old age pension = the average monthly salary of local employees on the job in the previous year

×[Age subsidy rate

Old age pension = 110% of the personal account savings when the individual retires ÷ (76 - the individual’s actual retirement age) ÷ 124. Workers’ pension: 100 yuan for each year of work based on length of service.

By analogy, the pension for 10 years of service is 1,000 yuan.

The pension for those who have worked for 20 years is 2,000 yuan, the pension for those who have worked for 30 years is 3,000 yuan, and the pension for those who have worked for 40 years is 4,000 yuan.

No matter whether they are senior workers, mid-level workers or ordinary workers.

Pensions are equal.

Civil servants must also be equal regardless of their position.

Same as workers’ pensions.

Implementation completed within three years.

The amount of labor pension depends on the individual’s cumulative contribution years.

The labor pension percentage can take a value of 1.0%, 1.2%, or 1.4%. The 1.0% value means that most retirees will reduce the current pension level, and the 1.4% value means that most retirees will increase the current pension level.

But the result is fair. If there is more, everyone will get more, if there is less, everyone will get less. It should be suitable for the country's economic development, and it can effectively control the size of the pension gap.

Legal basis: Article 13 of the Social Insurance Law: Before employees of state-owned enterprises and public institutions participate in basic pension insurance, the basic pension insurance premiums that should be paid during the deemed payment period shall be borne by the government.

When there is insufficient payment from the basic pension insurance fund, the government will provide subsidies.

Article 15 The basic pension consists of the overall pension and the personal account pension.

The basic pension is determined based on the individual’s cumulative contribution years, contribution salary, average salary of local employees, personal account amount, average life expectancy of the urban population and other factors.

Article 18 The state establishes a normal adjustment mechanism for basic pensions.

Based on the growth of average wages of employees and rising prices, the level of basic pension insurance benefits will be increased in a timely manner.