In line with the Regulation on Social Insurance coverage 2014, the pension price in 2022 for workers will change in comparison with 2021. Particularly:
Advantages for workers taking part in obligatory social insurance coverage
1. Month-to-month pension price
The worker’s month-to-month pension is calculated as follows:
Month-to-month pension price = Proportion (%) having fun with month-to-month pension x Common wage paid for social insurance coverage
In there:
** Charge (%) of month-to-month pension is decided as follows:
– For male staff:
+ Paying full 20 years of social insurance coverage will get 45% (staff who retire in 2021, pay full 19 years of social insurance coverage will get 45%)
+ After that, for every extra yr of paying social insurance coverage premiums, an extra 2% might be charged.
** The utmost price (%) of month-to-month pension is 75%.
– For feminine staff:
+ Paying full 15 years of social insurance coverage will get 45%.
+ After that, for every extra yr of paying social insurance coverage premiums, an extra 2% is calculated.
The utmost month-to-month pension price is 75%.
Observe: For the case the place an worker is entitled to a pension earlier than the prescribed age attributable to a lower in working capability as prescribed, the proportion (%) of month-to-month pension enjoyment is calculated as above, then for annually of retirement earlier than the prescribed age lower 2%.
2. One-time allowance in retirement
– Staff who’ve paid social insurance coverage contributions for a time frame increased than the variety of years similar to the 75% pension price. Once they retire, along with their pensions, they will even get pleasure from a one-time allowance.
– The lump-sum allowance is calculated in keeping with the variety of years of cost of social insurance coverage premiums which is increased than the variety of years similar to the pension enjoyment price of 75%. For annually of cost of social insurance coverage, it’s calculated as 0.5 months of the typical month-to-month earnings on which social insurance coverage premiums are based mostly.
Advantages for workers taking part in voluntary social insurance coverage
The pension stage of individuals of voluntary social insurance coverage beginning to obtain wage in 2022 is calculated as follows:
Month-to-month pension price = Proportion (%) having fun with month-to-month pension x Common month-to-month earnings for social insurance coverage cost
In there:
** Charge (%) of month-to-month pension is decided as follows:
– For male staff:
+ Paying full 20 years of social insurance coverage might be entitled to 45% (staff who retire in 2021, pay full 19 years of social insurance coverage will obtain 45%).
+ After that, for every extra yr of paying social insurance coverage premiums, an extra 2% might be calculated.
Most price (%) of month-to-month pension is 75%.
– For feminine staff
+ Paying full 15 years of social insurance coverage will get 45%.
+ After that, for every extra yr of paying social insurance coverage premiums, an extra 2% is calculated.
The utmost price (%) of the month-to-month pension is 75%.
One-time allowance in retirement
Much like the case of staff taking part in obligatory social insurance coverage, these taking part in voluntary social insurance coverage who’ve paid social insurance coverage premiums for a time frame increased than the variety of years similar to the 75% pension price upon retirement, along with their pensions, are additionally entitled to an allowance of 1. time.
The one-time allowance is calculated in keeping with the variety of years of paying social insurance coverage premiums increased than the variety of years similar to the 75% pension price, for annually of paying social insurance coverage, it’s calculated as 0.5 months of the typical month-to-month earnings on which social insurance coverage premiums are based mostly.
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