In 2024, the pension adjustment will be received. Is the higher the pension, the

July 30,2024

By the end of July, the pension adjustments for retirees in all 31 provinces across the country will be fully credited. Currently, many retirees have already received their adjusted pensions for this ...

By the end of July,the pension adjustments for retirees in all 31 provinces across the country will be fully credited.Currently,many retirees have already received their adjusted pensions for this year.Some elderly people are asking: What is the percentage increase for this year's pensions?Does a higher pension mean a greater increase?

The increase in pensions consists of three main parts.

The percentage increase in pensions for 2024 does not have a uniform standard for individuals.

According to the requirements of the national pension adjustment notice,the overall level of pension adjustment for this year is 3%,calculated based on the average monthly basic pension of retirees in 2023,and it is not the case that everyone's pension increases by 3%.

Furthermore,the country also requires each province to set the local pension adjustment ratio and level with 3% as the upper limit.Since the pension level varies in each province,the amount of money added also differs.Generally speaking,in areas with lower pension levels,the amount of money added is less.Looking at the proportion of pension adjustments,it is generally 3%,which does not show a significant difference.

In addition,according to the requirements of the national adjustment notice,the method of pension adjustment is divided into three types: fixed amount adjustment,linkage adjustment,and appropriate inclination,rather than everyone increasing the same amount of money or the same proportion,nor is it solely based on factors such as the length of payment period.

① Fixed amount adjustment means everyone receives an equal increase in pension.This part reflects the principle of fairness,possibly considering that after retirement,everyone no longer pays social insurance premiums,and past payments are already reflected in the pension calculation formula for retirees.

② Linkage adjustment is mainly linked to the length of payment period and the level of pension.In fact,the role of the hook adjustment part in adjusting the contribution years is the greatest.On the one hand,there is a separate adjustment for the contribution years,and on the other hand,the pension level also contributes to the contribution years.

Adjusting according to the contribution years means that the basic pension is increased by a certain amount for each additional year of contribution.For example,this year in places like Hebei,Henan,and Shanghai,the basic pension is increased by one yuan for each year of contribution.In places like Shandong,Jiangsu,Zhejiang,and Jilin,the longer the contribution years,the higher the increase standard.

Adjusting according to the pension level is mainly to reflect the preservation and appreciation of the pension treatment for the elderly.After all,the pension includes many factors,which can mainly reflect the incentive mechanism for more contributions and longer contribution periods.

③ The tilt adjustment is mainly to increase a part of the pension for retired personnel of advanced age and those in remote and arduous areas.It reflects the country's care for these special groups.

The higher the pension,the more it increases?

Since everyone's pension level and contribution years are different,the amount and proportion of the increase are also different.However,generally speaking,if everyone else's conditions are the same,the lower the pension level,the higher the increase ratio.The higher the pension level,the more money will be added.

Taking Shandong Province's 2024 pension adjustment plan as an example:

The fixed amount adjustment is an increase of 32.4 yuan.According to the contribution years adjustment,for those with less than 15 years,16-25 years,26-35 years,36-45 years,and more than 46 years of contribution,the basic pension is increased by 0.8 yuan,0.9 yuan,1.0 yuan,1.1 yuan,and 1.2 yuan per year of contribution,respectively.According to the pension proportion adjustment,it is an increase of 0.9% of the previous year's basic pension.In addition,there is an additional tilt increase for the elderly.If the increase due to the age adjustment is not taken into account,with a contribution period of 40 years,the increase in pension amounts from 3,000 yuan to 10,000 yuan would be 95.6 yuan to 158.9 yuan,respectively,and the growth rates would be 3.19% to 1.59%,respectively.

For a pension of 3,000 yuan and a contribution period of 40 years,the increase in the amount is 95.6 yuan.This increase is significantly less than the 158.9 yuan increase for a pension of 10,000 yuan with the same contribution period of 40 years.However,the growth rate is approximately double,at 3.19% compared to 1.59%.#Top Headline Creation Challenge# #How is the 2024 Pension Specifically Adjusted#

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