The meaning of overall retirement treatment is as follows:

The wages of retirees in overall planning are allowed to be deducted before tax, and the expenses of employing retirees by enterprises can be deducted before enterprise income tax; At the same time, wages and salaries can also be used as the deduction basis for calculating other expenses. This means that enterprises can deduct the wages paid to retirees as expenses before calculating the enterprise income tax payable, thus reducing the tax payable, and retirees can get wage income from enterprises.

Social security retirement system:

1. Definition of overall retirement treatment: refers to the system of unified management and pension payment for retirees through social insurance funds according to unified national and local regulations;

2. Calculation method: Retirement benefits are usually calculated based on factors such as individual payment years, payment base and average social wage;

3. Payment form: Retirement benefits are generally paid in the form of monthly payment, which is directly credited to retirees' personal accounts;

4. Adjustment mechanism: Retirement benefits will be adjusted regularly according to factors such as price level and average wage increase to ensure the basic living needs of retirees;

5. Supplementary old-age insurance: In addition to the basic old-age insurance, individuals and units can also participate in supplementary old-age insurance to obtain a higher level of retirement benefits.

to sum up, the overall retirement treatment allows enterprises to deduct expenses when paying retirees' wages, reducing the enterprise income tax, and retirees can get wage income from enterprises at the same time.

Legal basis:

Article 2 of the State Council's Decision on Establishing a Unified Old-age Insurance System for Enterprise Employees

Overall pension includes basic pension, transitional pension and individual account pension. Basic pension includes monthly basic pension expenditure and one-time basic pension expenditure. One-time expenditure of basic pension refers to the expenditure that individuals who participate in the basic old-age insurance for enterprise employees return the amount of their own basic pension funds due to death, going abroad (settlement) and other circumstances. Transitional pension refers to the retirement pension, retirement pension, retirement pension and subsidies paid by the State Council before the implementation of the Decision on Establishing a Unified Old-age Insurance System for Enterprise Employees (Guo Fa [1997] No.26). Personal account pension includes monthly personal account pension expenditure and one-time personal account expenditure. One-time expenditure of personal account refers to the expenditure that the individual who participates in the basic old-age insurance for enterprise employees returns the amount of funds in his personal account due to death, going abroad (settlement) and other circumstances. Medicaid refers to the payment of medical expenses for retired and resigned personnel that have been included in the expenditure scope of the basic old-age insurance fund for enterprise employees according to regulations. Funeral subsidies and pensions refer to the funeral subsidies for the insured who have been included in the expenditure scope of the basic old-age insurance fund for enterprise employees and the pension expenses for their survivors after their death due to illness or non-work. Disability allowance refers to the basic living expenses paid to the insured who have completely lost their ability to work due to illness or non-work-related disability when they have not reached the statutory retirement age according to the standards stipulated by the state. Deduct the repeated basic old-age insurance benefits for urban and rural residents from the basic old-age insurance fund for enterprise employees and pay them from other expenses.