There is an "average life" in the pension
Ji'nan news (reporter Zhu Cailing) Mr. Meng, who was just 60 years old this year, recently went through retirement procedures. When consulting a pension, Mr. Meng discovered that his retirement pension, in addition to the two part of the basic pension and transitional pension, is a personal account for the aged. The gold part is divided by 139. This makes Mr. Meng a little confused.
Ji'nan city human resources and Social Security Bureau staff said that 139 is actually 139 months, 139 months is called the average life, that is, according to the relevant statistics, China's life expectancy is 71 years and 7 months. If you retire at the age of 55, then the average life expectancy is 71 years, 7 months, 139 months, and the 139 month is the average retirement age of 55.
"this means that the insured person's annual money, interest and so on is accumulated to form a personal account. At the age of 60, in addition to the basic pension and the transitional pension, the accumulation of personal accounts is divided by 139, and this part of the money is all received after 139 months. If 71 years and 7 months before the death of the individual account, the remaining individual contributions and interest can allow children to inherit; if more than that age, the government will continue to pay the pension according to the original standard. " People related to the Bureau said.