The participants of endowment insurance must reach retirement age and have paid social security for more than 15 years before they can receive basic endowment insurance. How much does 15 years old age pension receive? How to calculate the pension of social security all the time? Let's have a look.
Therefore, social security can choose to stop paying after 15 years. Here, we need to remind you that in general, the longer the social security payment time is and the more contributions are made, the more pension will be received after retirement in the future.
Social security pay full 15 years, how much money can you get one month after retirement? The calculation formula of social security payment for 15 years is: monthly pension = basic pension + personal account pension.
1. Basic pension = average monthly salary of local employees in the previous year when I retired & times; 20%; 2. Personal account pension = my account deposit & divide; 120
If there is a unit, even if the employee has not retired after 15 years of payment, the enterprise still has to continue to pay until retirement; if an individual pays social security, he can stop paying or continue to pay. According to local policies, it is certainly good to continue to pay. Pension insurance follows the principle of 'paying more and getting more'. The higher the payment base and the longer the service life, the more pension they will receive when they retire. Once the pension payment is stopped, it will directly affect the benefits.
If you have been paying social security, what is the pension?
When the accumulative contribution period is 15 years, if you retire at 65, you can still get a pension for about 20 years (provided that you live to 85 years old). Based on this, you can get the pension for 20 & times; 12 months = 240 months.
Suppose that after 2007, the average annual salary of a certain person is 50000 yuan, and that person pays 4000 yuan annually and 60000 yuan in 15 years.
Personal account pension = personal account savings & divide; the number of months (195 months for 50 years old, 170 months for 55 years old, 139 months for 60 years old, and 120 months for 60 years old and above), and 60 years old retires, and receives 60000 & divide; 139 = 462 yuan in that month.
In other words, a certain person retires in 2022 and can receive monthly pension: 2037 + 462 = 2499 yuan.
Extended data:
Endowment insurance, the full name of social basic endowment insurance, is a kind of social insurance system established by the state and society according to certain laws and regulations to solve the problem of laborers' basic life after they reach the labor age limit of relieving labor obligations stipulated by the state, or withdraw from the labor post due to old age loss of labor ability.
Endowment insurance is an important part of the social security system, and it is one of the most important types of social insurance. The purpose of endowment insurance is to protect the basic living needs of the elderly and provide them with a stable and reliable source of life.
According to the social insurance law of the people's Republic of China and other relevant provisions, the pension insurance will be reduced periodically from May 1, 2016.
In October 18, 2017, comrade Xi Jinping pointed out in the nineteen major reports that we should strengthen the construction of the social security system. A multi-level social security system covering the whole people, balancing urban and rural areas, clear rights and responsibilities, appropriate security and sustainability, should be built in an all-round way. We will fully implement the national insurance program. We will improve the basic old-age insurance system for urban workers and urban and rural residents, and realize the national overall planning of endowment insurance as soon as possible. We will improve the unified basic medical insurance system and serious illness insurance system for urban and rural residents. We will improve the unemployment and industrial injury insurance system. Establish a national unified social insurance public service platform.