If you pay the "lowest level" social security for 15 years, how much can you get every month when you retire at the age of 60? In China, the social insurance system provides important old-age, medical, and unemployment guarantees for the majority of workers. For many people, paying social security is an important way for them to prepare for their future retirement life. So, if you pay social security for 15 years according to the lowest level, and wait until you retire at the age of 60, what is the monthly pension you can receive? Today, we will take a closer look at this problem and analyze the reasons for it.
We need to understand how pensions are calculated. Pension mainly includes two parts: basic pension and personal pension. The basic pension is jointly borne by the state finance and the local government, and the personal pension is composed of individual contributions and subsidies.
The basic pension is based on the average social wage of the previous year 1 + the individual contribution wage index) 2 and the number of years of contribution 1%. Among them, the individual contribution wage index refers to the ratio of the individual contribution salary to the average social wage of the previous year, which is used to calculate the base of personal pension.
The calculation method of personal pension is: the amount of personal account savings and the number of months. The number of months is determined according to factors such as the retirement age and average life expectancy stipulated by the state, and is currently 139 months. The amount of personal account savings refers to the pension insurance funds accumulated by individuals during the period of social security contributions.
In practice, many regions have given certain preferential policies to the elderly over 60 years old, such as raising the basic pension standard and increasing the first subsidy. Therefore, if you pay social security for 15 years according to the minimum level, and retire at the age of 60, the specific amount of pension you can receive each month varies from region to region.
Taking a region as an example, assuming that the average social wage in the region in the previous year was 6,000 yuan, the individual contribution wage index was 1 (that is, the individual contribution wage was the same as the average social wage of the previous year), and the payment period was 15 years, then the basic pension was: 6,000 yuan 1 + 1) 2 15 years 1% = 432 yuan.
Assuming that the personal account deposit amount is 10,000 yuan (that is, 6,000 yuan per year for 15 years), and the number of months is 139 months, then the personal pension is: 10,000 yuan 139 months 7265 yuan.
To sum up, if you pay social security for 15 years according to the minimum level, and retire at the age of 60, the monthly pension you can receive is about 50565 yuan. It should be noted that this amount will be affected by many factors, such as individual contribution wages, ** subsidy policy, etc.
According to the minimum level of social security payment for 15 years, the amount of pension that can be received per month after retirement at the age of 60 is generally about 500 yuan, and the specific amount varies from region to region. Paying social security is an important way to prepare for their future pension life, and the majority of workers should choose the appropriate payment grade according to their actual situation to improve the level of pension.
How will the pension policy be adjusted in the future? What measures will be taken to ensure the long-term sustainability of the pension system? Let's pay attention to the changes in pension policy and see how pensions will develop in the future.