What is Pension Liability?

Enterprise retirement pension is the basic old-age security for retired employees. Enterprise employees have worked hard for most of their lives, and it is time to retire at the age of retirement. Employees who have paid the old-age insurance benefits during their employment can receive monthly pensions for their retired employees after retirement.

Corporate retirement pension

Enterprise retirement pension is the basic old-age security for retired employees. Enterprise employees have worked hard for most of their lives, and it is time to retire at the age of retirement. Paid social security while in office

Article 21 Basic

Article 30 If an enterprise does not participate in the basic endowment insurance or fails to pay the basic endowment insurance premiums in full and on time, the labor security administrative department shall order it to make corrections within a time limit.

Enterprise retirement pensions are mainly composed of basic pensions, personal account pensions, transitional pensions, and transitional adjustments:

1. The basic monthly pension standard is based on the average monthly salary of the employees on the job in the previous year and the average of the indexed monthly average wages, and is paid at 1% every one year.

The calculation formula is: basic pension = (average monthly salary of local employees in the previous year at the time of retirement of the insured person + my indexed monthly average payment salary) ÷ 2 × payment period × 1%

2. The standard monthly pension for personal accounts is the amount of personal account savings divided by the number of months of payment.

The calculation formula is: personal account pension = accumulated personal account savings at the time of retirement

3. The transitional pension monthly standard is based on my indexed monthly average payment salary as the base, and the payment period before the "consolidation of accounts" is paid every 1.2 years.

The calculation formula is: transitional pension = my indexed monthly average paid wages × payment period before the combined account × 1.2%

4. The transitional adjustment fund is based on the current local standards and will be paid according to a certain percentage of retirement from 2006 to 2014. Those who retire in 2015 and after will no longer be granted transitional adjustment fees.

5. My indexed monthly average paid wages = the average monthly wages of employees in the province in the previous year when the insured person retired × my average paid wage index. My average wage index = (a1 / A1 + a2 / A2 + ... + an-1 / An-1 + an / An) ÷ N. In the formula: a1, a2 ... an-1, an are the paid wages of the insured person from 1992 to the previous year of retirement; A1, A2 ... An-1, An are the last salary of the insured person from 1992 to the retirement Annual average wages of employees in the province for each year (since 2001 is the average annual wages of employees in the province); N is the actual payment period and deemed payment period of the insured from January 1, 1992 to the end of the previous year of retirement Total. Among them: For those who retire from January to June each year, An and An-1 both take the average annual salary of the province's on-the-job employees for the previous year; for those who retire from July to December each year, An takes the previous year. The average annual salary of employed workers in the province. For the basic old-age insurance premiums paid after January 1, 1996, paid after July 1, 2008, the payment base shall be combined and calculated according to the time of receipt, and used for the calculation of the annual paid wage index for the year of receipt. Among them, in the year of retirement, the basic old-age insurance premiums of the previous year are repaid and accounted. The repayment base before the end of the previous year and the payment base of the previous year are combined and used to calculate the payroll index for the previous year. . From January 1, 1992 to the end of the previous year of retirement, the average paid salary index of the insured who has a combined total of less than 4 years of deemed payable years shall not exceed 1.0, that is, the calculation result is greater than or equal to 1.0 , The average paid wage index is determined according to 1.0; if it is less than 1.0, it is determined according to the actual.

1. Post-retirement pension insurance cannot be transferred, and pension insurance for incumbent employees can be transferred. However, the employees have retired, and the pension receiving and receiving standards have been confirmed, and the pension insurance can no longer be transferred. However, the pension system can be paid off-site through the financial system (individuals need to bear the cost of bank-related services).

2. Individual contributions will not continue to be paid after 15 years, and retirement will directly affect the basic pension level of the individual. Individual contributions over 15 years are only a basic condition for receiving basic pensions. As long as employees do not reach the legal retirement age and are still in employment and income, they must pay the basic pension insurance premiums in full and on time. If the payment is interrupted, it will directly affect the basic pension level at the time of retirement.

3. "

In 2014, in accordance with the requirements of comprehensively deepening reforms, we should do a good job in various government tasks. We should continue to treat deregulation and decentralization as the "leaders", work hard on openness and transparency, and increase effectiveness in continuous progress. The meeting decided to launch three measures to deepen the reform of the administrative approval system.

First, the list of all administrative examination and approval items of various departments of the State Council was publicized, further cancellation and decentralization were promoted, standardized management was promoted, social supervision was accepted, and real increases were prevented from decreasing while increasing lightly. Except for the matters disclosed, each department shall not establish new administrative examination and approval matters without authorization. Move towards the management of the "negative list" of approval items, and gradually implement matters beyond the approval list, all of which will be determined by market entities in accordance with the law.

The second is to clean up and gradually cancel the approval of non-administrative licenses of various departments. Non-administrative license approvals for citizens, legal persons or other organizations shall be cancelled in principle. Those that need to be retained must be adjusted to administrative licenses through legal procedures, and the rest shall be abolished. Block the "partial door" and eliminate the "gray zone" in approval management. In the future, it is not allowed to set up approval items for the public outside of laws and regulations. At the same time, it is necessary to change the management method, strengthen supervision during and after the event, and effectively achieve the combination of "release" and "management".

The third is based on the cancellation and decentralization of administrative approval items in three batches in 2013, focusing on the field of production and operation, and then canceling and decentralizing the inter-provincial general cargo waterway transportation license, basic telecommunications and cross-region value-added telecommunications business licenses for record approval 70. Approval of online schools for distance higher education education, approval of insurance personnel qualifications and certification of accounting qualifications, etc., using the Internet to make administration simple and decentralization a continuous reform. ^[6]

25 provinces, autonomous regions and municipalities raise pensions for retired employees

On April 14, 2014, Hainan decided to adjust the basic pension of enterprise retirees from January 1, 2014, with an increase of 70 yuan per person per month. Statistics from the People's Finance and Economics show that as of April 18, 25 provinces, autonomous regions and municipalities across the country have completed the adjustment of the basic pension level for retirees of enterprises, and Beijing's average monthly pension level reached 3050 yuan in the first place. According to incomplete statistics, of the 25 provinces, autonomous regions and municipalities, a total of 8 provinces, including Beijing, Qinghai, Xinjiang, Hebei, Gansu, Jiangsu, and Yunnan, announced the monthly per capita pension levels for corporate retirees in 2014, of which Beijing's monthly average The pension level reached 3050 yuan, ranking first. The monthly per capita pension levels in Qinghai, Xinjiang, Hebei, Gansu, Jiangsu, and Yunnan were 2593 yuan, 2298 yuan, 2100 yuan, 2065 yuan, 2027, and 1820 yuan, respectively.

On January 8, the executive meeting of the State Council decided to increase the basic pension level of enterprise retirees by another 10% from January 1, 2014, and give appropriate preference to groups with special difficulties. More than 74 million enterprise retirees across the country have benefited from this. According to the practice, after the release of the policy, the localities can start to prepare the specific documents for the upgrade. The provincial labor security department will first formulate the policy, and then formulate the corresponding detailed rules according to their own conditions.

The increase in the pension is still a combination of general adjustment and appropriate tilt. Among them, the general adjustments are basically based on the payment period and absolute amount, and pay attention to the retirees who have retired early and the treatment level is low. In terms of the amount of the basic pension increase currently announced, Jiangsu s monthly adjustment 40 yuan, ranked last.

However, in the specific adjustment methods, each province, region, and city is different. Take Beijing, which has the highest average pension level, as an example. Specifically, the basic pension of retirees before the end of 2013 is divided into four levels, from high to low. It is 60 yuan per person per month above 4770 yuan (inclusive); 70 yuan per person per month between 3770 yuan (inclusive) and 4770 yuan; per person per month between 2773 yuan (inclusive) and 3770 yuan 100 yuan increase; 150 yuan per person per month below 2773 yuan. Moreover, not only the minimum pension standards for retired, retired and retired employees have been adjusted, but the minimum pension standards have also been raised accordingly.