Rural old-age insurance is short for "new rural insurance". It adopts the mode of combining individual payment, collective subsidy and government subsidy. The purpose is to hope that the insured farmers' friends will always have a basis. Rural endowment insurance needs to be paid for 15 years. Most areas have 12 levels of payment standards, with a minimum of 100 yuan and a maximum of 2000 yuan. Is it better to pay 100 or 500 rural endowment insurance? Let's see what the experts say?
Is it better to pay 100 yuan or 500 yuan for rural endowment insurance?
Many people think that the more endowment insurance is paid, the more they will take after retirement. So is it possible to take more pension if they pay more than several times? Obviously not. The calculation formula of pension is basic pension + total personal account / 139. 139 means you pay your own money, and it will be distributed to you in 139 months. Take retirement at the age of 60 for example. When you get a pension to the age of 71, you will get your own money back.
The basic pension is a government subsidy. The standard is generally 55 yuan (up to 70 yuan in some areas). After 15 years of payment, the basic pension can be increased by 2 yuan for each additional year. Total amount of individual account = individual payment + government subsidy (calculated according to the minimum standard of 30 yuan) + interest.
Pay 100 yuan every year, pay 15 years, how much pension can you get every month after retirement?
Monthly pension = 55 + 15 * (100 + 30) / 139 = 69 yuan.
Pay 500 yuan every year, pay 15 years, how much pension can you get every month after retirement?
Monthly pension = 55 + 15 * (500 + 30) / 139 = 112 yuan.
From the calculation results, for the payment of 100 yuan, the payment expense is 100 * 15 = 1500 yuan, the total income of 139 months is 69 * 139 = 9591 yuan, and the net profit is 9591-1500 = 8091 yuan; for the payment of 500 yuan, the payment expense is 500 * 15 = 7500 yuan, the total income of 139 months is 112 * 139 = 15568 yuan, and the net profit is 15568-7500 = 8068 yuan. Obviously, 100 yuan is more cost-effective than 500 yuan.