Pension, also known as pension and retirement fee, is one of the most important social endowment insurance benefits. How old is the pension? The age of receiving pension in 2019.
1. Endowment insurance for urban workers, 60 for normal retired men, 50 for female workers, 55 for female cadres, 55 for special types of work, 45 for women, 50 for sick retired men and 45 for women.
2. Flexible employment male 60 female 55 years old.
3. The endowment insurance for urban and rural residents, whether male or female, is paid at the age of 60.
Expansion information:
Calculation of pension:
Pension for recipients of state special allowance
Those who participate in the social co-ordination of the basic endowment insurance for urban enterprise employees, who have reached the retirement age prescribed by the state and have paid for more than 15 years in the actual payment period (including the deemed payment period, the same below), shall pay the basic pension on a monthly basis. According to the latest pension calculation method, the pension of employees at retirement consists of two parts:
Pension = basic pension + individual account pension
Personal account pension = personal account deposit & divide; number of months of calculation and issuance (50 years old is 195, 55 years old is 170, 60 years old is 139, no longer unified is 120). Basic pension = (monthly average wage of on-the-job employees in the province in the previous year + personal index monthly average payment wage) & divide; 2 & times; payment period & times; 1% = monthly average wage of on-the-job employees in the previous year (1 + personal average payment index) & divide; 2 & times; payment period & times; 1%.
Note: my index monthly average payment wage = the average monthly wage of on-the-job employees in the province last year & times; my average payment index.
In the above formula, it can be seen that, in the case of the same payment period, the level of basic pension depends on the average payment index of individuals, which is the average value of the ratio of their actual payment base and social average wage over the years. The lower limit is 0.6 and the higher limit is 3. Therefore, in the two calculations of pension, no matter what the situation is, the higher the contribution base is, the longer the contribution period is, the higher the pension will be.
The pension is provided for indefinitely. As long as you get your life savings, you can enjoy the monthly pension benefits. Even if the individual account pension has been used up, it will continue to be calculated and issued according to the original standard. Moreover, the individual pension will increase year by year according to the increase of the average monthly wage of the social workers on duty. Therefore, the longer you live, the more you can get, and the more cost-effective it is to pay.