Endowment insurance state regulation must pay 15 years, just can enjoy the welfare of pension, so pay 15 years later, still need to continue to pay? Continue to pay endowment insurance again, how much pension will be obtained at that time? Let small edition of four seas net explain it for you in detail.

Q: after 15 years of endowment insurance, can we not pay it?

In June 1996, I went to work in another company after quitting my job. Now I have made up the premium I owed during my resignation. Then I have to pay it for a few years. If it's more than 15 years, how do I pay the premium?

A: the endowment insurance can be paid or not for 15 years, but you should continue to pay until retirement.

15 years is only the minimum age, which means that you can only enjoy the monthly pension after 15 years.

Reason: pension calculation formula: pension = basic pension + individual account pension

Basic pension = (average monthly wage of on-the-job employees in the previous year + average monthly payment wage of my indexation) & divide; 2 & times; payment period & times; 1% = average monthly wage of on-the-job employees in the previous year in the province (1 + average payment index of myself) & divide; 2 & times; payment period & times; 1%

Personal account pension = personal account deposit & divide; calculated months (195 for 50 years old, 170 for 55 years old, 139 for 60 years old)

Note: 1. My indexation monthly average payment wage = the monthly average wage of on-the-job employees in the province last year & times; my average payment index

2. Floating range of payment index: 0.6-3 (Shenzhen household). Payment base: actual wage, floating range '60% monthly average wage & le; payment base & le; 300% monthly average wage'.

Example of pension calculation formula (take Shenzhen as an example)

For example: according to the above formula, it is assumed that when a male employee retires at the age of 60, the average monthly wage of the on-the-job employees in the province in the previous year is 4000 yuan.

When the accumulated payment period is 15 years:

When the average payment base is 0.6, basic pension = (4000 yuan + 4000 yuan & times; 0.6) & divide; 2 & times; 15 & times; 1% = 480 yuan

When the average payment base is 1.0, basic pension = (4000 yuan + 4000 yuan & times; 1.0) & divide; 2 & times; 15 & times; 1% = 600 yuan

When the average payment base is 3.0, basic pension = (4000 yuan + 4000 yuan & times; 3.0) & divide; 2 & times; 15 & times; 1% = 1200 yuan

When the accumulated payment period is 40 years:

When the average payment base is 0.6, basic pension = (4000 yuan + 4000 yuan & times; 0.6) & divide; 2 & times; 40 & times; 1% = 1280 yuan

When the average payment base is 1.0, basic pension = (4000 yuan + 4000 yuan & times; 1.0) & divide; 2 & times; 40 & times; 1% = 1600 yuan

When the average payment base is 3.0, basic pension = (4000 yuan + 4000 yuan & times; 3.0) & divide; 2 & times; 40 & times; 1% = 3200 yuan

Personal pension = basic pension + personal account pension = basic pension + personal account savings & divide; 139

Conclusion: it can be seen from the formula that the higher the payment period is, the more pension will be obtained. Therefore, it is highly recommended to continue to pay after 15 years.