We all know that the minimum payment period of social security pension insurance is 15 years. When we reach the retirement age (male 60, female 55), we can get a pension, and pay more. So what's the difference between 15 years and 20 years of social security? How many years is it worth paying for endowment insurance?
Let's work out an account to see how much pension gap there is for people with only 15 years of service and 20 years of service.
According to the pension calculation formula, your pension = pooling pension + individual account pension.
Among them, the overall pension is based on the average monthly wage of local employees on duty in the previous year and the average value of their indexation monthly average payment wage, and 1% will be paid for each full year of payment.
Personal account pension = personal account deposit & divide; calculated months. (according to the monthly distribution table, the number of distribution months retired at the age of 60 is 139)
Suppose that two people are retired at the age of 60, the local social average wage is 5000 yuan, the average payment index is 1, and the monthly payment of endowment insurance is 500 yuan, but the payment period (working age) of one person is 15 years, and the payment period (working age) of one person is 20 years:
After calculation, it can be concluded that the total pension received for 15 years of service is 750 yuan, and the individual account pension is 647 yuan, totaling about 1397 yuan;
However, the overall pension for 20 years of service = 1000 yuan, and the individual account pension = 863 yuan, totaling about 1863 yuan.
All the digital cities I assumed, in order to let you see the gap. In fact, the annual payment is constantly changing.
It can be seen that the gap between 15 and 20 years of service is relatively large, and since the pension will be increased every year, the pension base of 30 years of service is larger, and the increase is the same, so the pension will be increased every year.
Under normal circumstances, the delivery can be stopped completely after 15 years, because the service life has been reached. However, in order to receive more pensions in the future, we should not cut off the social security. After all, the pension is linked to the payment period. That is to say, the longer you pay, the more pension you will receive after retirement.
Of course, the old-age insurance has been interrupted in the middle of the process, and can continue to pay later, and the premium before the interruption will not be invalidated, and will be combined with the premium paid later. So don't worry about that.
How many years does endowment insurance pay?
How long it takes to make a profit is not the same. 'for example, if you are a normal working employee in good health, you can not only enjoy the part of personal contribution but also the part of unit contribution after retirement. The latter is much higher than the former, and there may be losses if you pay less pension. '
If you are engaged in social grassroots work, such as cleaners, waiters, etc., and your personal wage level is lower than the average social wage level, you will benefit from the pension system - you pay a small amount of pension in your work, but you can get a higher pension after retirement. From this point of view, the pension system also means "robbing the rich to help the poor".
The question of longevity does make the claim of "pay more" variable
On the contrary, if it is a high intellectual, engaged in technical work, and the personal wage level is far higher than the average wage level of local employees, it may be more 'loss'.
Life expectancy does make the claim that "pay more" variable. Under the current policy, after the death of the pensioner, the part of the unit payment in the overall planning account is classified into the public finance, so many people think it's better to pay less than to "confiscate" at last. Anyway, it doesn't matter if they have the financial bottom to take the lowest level pension, at least there is no "loss".
What are the benefits of paying more endowment insurance?
Benefit 1: more pension after retirement
Benefit 2: compulsory savings
Benefit 3: enjoy life-long medical insurance