New news on Gansu Zhongren Pension Reissue
The latest information on Gansu Zhongren’s pension re-issuance in 2020, and when will Gansu Zhongren’s pension be re-issued: According to our understanding, there is no latest news on Gansu Zhongren’s pension re-issuance in 2020.
As for how to calculate the pension for middle-aged people in Gansu, according to the "Notice on the Implementation Measures for the Reform of the Pension Insurance System for Staff of Government Institutions and Public Institutions in Gansu Province" issued by the People's Government of Gansu Province, the provisions on the basic pension calculation and payment methods are as follows: Establish a link between pension benefits and contributions.
The incentive and restraint mechanism has been reformed, and the method of calculating retirement benefits for employees of government agencies and institutions across the province after retirement has been implemented. The old method for "old people", the new system for "new people", and the gradual transition for "middle people" have been implemented.
The "old man's" old ways.
Personnel who have retired from government agencies and institutions before October 1, 2014 will still be paid basic pensions according to the original treatment standards stipulated by the country and the province, and the basic pension adjustment measures will also be implemented.
Among them, benefit items that comply with the unified regulations of the country and the province will be included in the payment of the basic pension insurance fund; other benefit items will still be paid from the original channels.
"New people" and new systems.
After the reform, the basic pension after retirement for insured persons who have worked for 15 years and have paid personal contributions for a total of 15 years consists of basic pension, personal account pension and occupational annuity benefits.
The monthly basic pension standard at retirement is based on the average monthly salary of employees in the province in the previous year and the average indexed monthly contribution salary of the employee, and 1% will be paid for every full year of payment.
The monthly pension standard for a personal account is the accumulated savings amount of the basic pension insurance personal account divided by the number of months of calculation. The number of months of calculation is implemented in accordance with unified national regulations.
Occupational annuity benefits are received in accordance with the "Notice of the General Office of the State Council on Issuing the Measures for Occupational Annuities in Government Institutions and Public Institutions".
The "middle man" transitions gradually.
For insured persons who worked before the reform and retired after the reform with a cumulative payment period of 15 years, the province's unified transition method "Middle Person" will be implemented to establish a 10-year transition period from October 1, 2014 to September 2024.
Ending on the 30th, during the transition period, the new and old salary calculation and payment methods will be compared, with the lowest level and the upper limit.
That is to say: if the new method’s salary is lower than the old method’s treatment standard, it will be paid according to the old method’s treatment standard, and the salary will not be reduced; if it is higher than the old method’s treatment standard, the excess part will be paid to the retired personnel in the first year.
%, and those who retire in the second year will receive 20%, and so on. By the end of the transition period, those who retire in the first year will receive 100% of the excess.
New measures will apply to those who retire after the transition period.
Benefit calculation and payment standard under the old method =×∏Nn=2015 A: The basic salary standard of the insured person in September 2014; M: The calculation and payment ratio under the old method corresponding to the working years of the insured person at retirement specified by the province; B: 2014
Retirement subsidy standards corresponding to the insured person’s position and rank in September 2015; C: The corresponding increase in retirement subsidy standards stipulated in Guobanfa [2015] No. 3 document; Gn-1: Refer to the salary of employees on the job in the n-1 year
The wage growth rate determined by factors such as growth, n∈[2015, N], and G2014=0; N: the retirement year of retirees during the transition period, N∈[2015, 2024].
For those who retire between October 1, 2014 and December 31, 2014, their retirement year will be deemed to be 2015.
The new method’s benefit calculation standard = basic pension + occupational annuity benefits.
Among them, basic pension = basic pension + transitional pension + personal account pension + adjustment fund for special groups.