The new policy for retired salary compensation for educated youths is: 1. During the "Cultural Revolution" period, all educated youths who were uniformly organized by the state to go to the countryside to join the work team, after they went to work in the cities and towns, the time they participated in labor in the countryside can be the same as the time after they started working.

Combined and calculated as continuous length of service.

2. For educated young people who have been assigned to work in the countryside and have joined the queue, after calculating the length of service in accordance with the spirit of this notice, as for their salary and benefits related to the length of service in the past, they will no longer go to the old account; in the future, the newly calculated length of service will be used

Treat employees the same as employees of the same seniority.

3. From 1962 to the beginning of the "Cultural Revolution", the state uniformly organized educated youths who went to the countryside to join the work force. After they went to work in the cities and towns, their length of service could be calculated according to the above method.

For those who participate in the social co-ordination of the basic pension insurance for urban enterprise employees in the city and reach the retirement age stipulated by the state and the actual payment years (including the deemed payment years, the same below) are more than 15 years, the basic pension will be calculated and paid on a monthly basis.

According to the latest pension calculation method, the pension of employees when they retire consists of two parts: pension = basic pension. Personal account pension. Legal basis: Article 16 of the "Social Insurance Law of the People's Republic of China": Participation in basic pension

Individuals covered by pension insurance who have made cumulative contributions for fifteen years when they reach the statutory retirement age will receive a basic pension on a monthly basis.

Individuals participating in basic pension insurance who have paid less than fifteen years of cumulative contributions when they reach the legal retirement age can pay for fifteen years and receive basic pensions on a monthly basis; they can also transfer to new rural social pension insurance or urban resident social pension insurance.

, enjoy corresponding pension insurance benefits in accordance with the regulations of the State Council.

Article 17 of the "Social Insurance Law of the People's Republic of China": If an individual participating in the basic pension insurance dies due to illness or non-work-related reasons, his or her surviving family members may receive funeral subsidies and pensions; when the legal retirement age is not reached,

Those who have completely lost their ability to work due to illness or non-work-related disability can receive sick and disability allowances.

The required funds are paid from the basic pension insurance fund.