延迟退休会减少职工的养老金财富吗？

Will Delayed Retirement Reduce the Pension Wealth of Employees?

随着国家把延迟退休政策提上日程,民众开始担忧养老金是否会因"缴费期增加、领取期缩短"而减少。本文以受政策影响的"中人"职工为研究对象,参考基本养老金计发规则,运用精算现值法探讨延迟退休对养老金财富的影响。模型研究表明,延迟退休会增加职工养老金财富,即使基本养老金增长率不高,但如果有较高的个人账户收益率和较高的工资增长率,养老金财富的增长效应也会随着退休年龄的增加而增强。最后,本文建议应坚持做实个人账户,通过提高投资收益率来增加职工养老金财富。

As the delay in retirement policy has been put on the agenda by government, people begin to worry about whether their pension benefits will decrease due to ＂increase in payment period, decrease in collection period＂. In this paper, we studied the effect of the policy on the pension wealth by using the actuarial present value method, with reference to the basic pension calculation rule and taking the ＂mid-person＂ employees as the research object. The results showed that delayed retirement would increase the pension wealth for employees, which could be enhanced by higher personal account yields, higher salary growth, even with a low base pension growth rate. The in- crease of pension wealth would be enhanced with the delay in retirement. Finally, this article suggested that we should insist on the replenishment of personal accounts, and try to increase employees＇ pension wealth through raising investment yields.