A while ago, a netizen sent a private message that his father will officially turn 60 in January next year and can apply for retirement. However, due to the interruption of social security contributions at a young age, they cannot enjoy the treatment of receiving a monthly pension. However, the social security department informed that you can try to enjoy the pension treatment through a one-time supplementary payment.
It is expected that the total cost of one-time supplementary payment will be about 150,000 yuan, and after retirement in January next year, the estimated pension will be 1,300 yuan per month. Q: Is there a need for a lump sum payment in this case?
Is social security allowed to make back contributions?
For the situation encountered by the netizen's father, let's first explain under which circumstances social security is allowed to make supplementary contributions. Under normal circumstances, if the social security of flexible employees is interrupted due to personal reasons, it is not allowed to make up the payment; If the employee of the enterprise fails to pay due to the bankruptcy of the enterprise or other illegal acts, the insured individual can apply for a one-time launder payment. In addition, if the insured individual has reached the age of 60 and meets the retirement age conditions, but has not paid social security for 15 years, in this case, the social security department will generally allow the insured to pay 15 years through a one-time supplementary payment, and then retire.
Is it cost-effective to pay 150,000 yuan at one time and receive 1,300 per month? In the case of a netizen's father, whether it is cost-effective or not, we can analyze it in detail.
First of all, a one-time supplementary payment of 150,000 pension insurance, the amount is not small, for any insured employee, it is not a small amount. It can also be seen that the social security of this netizen's father has been cut off for a long time.
How long does it take to receive a pension of about 1,300 yuan a month to receive 150,000 yuan?
You can receive 1,300 yuan a month, and 12 months a year, that is, you can receive 15,600 yuan a year. Under the factor of ignoring the pension **, if you want to return to 150,000, you need at least 96 years, rounding takes 10 years.
Of course, if you deposit this money in the bank, you can deposit a fixed amount of more than 5 years2If 75% of the interest is calculated, it will take at least thirteen or fourteen years to receive all the principal and interest.
It takes 10 years to pay back, is it cost-effective?
Before jumping to conclusions, let's first look at the following:Age factor
The netizen's father will be 60 years old next year and needs to receive 10 years to return to his capital, so he needs to live at least to be 70 years old. According to the relevant data released by the National Health Commission, the current average life expectancy in China is 754 years old. That is, if you take 754 years old is the dividing line, then after returning to the capital, you can get an extra 54 years of pension, this money belongs to "earned for nothing".
Of course, the longer you live, the more pension you will receive, and the more cost-effective it will be.
Pension**
In 2023, the pension of retirees will rise for 19 consecutive years, and according to factors such as this year's economic development situation, price level and the increase in the average social wage as a reference, it is expected that the basic pension will be able to rise for 20 consecutive years in 2024. According to the average annual adjustment ratio of 5%, it may not take 10 years to receive all the one-time supplementary payment of 150,000 yuan. Moreover, from the experience of pension adjustment in previous years, the lower the basic pension level, the higher the adjustment ratio. Therefore, from this point of view, the payback time is likely to take less than 10 years.
Benefits after the retroactive payment
After a one-time supplementary payment, you can enjoy the same pension treatment as normal retirees. Moreover, according to the "Interim Measures for the Treatment of Survivors of Basic Pension Insurance for Enterprise Employees", in the event of an unfortunate death in the process of applying for pension, their family members can apply for the balance of the personal account of pension insurance, funeral subsidies and survivors' pensions. And these benefits are not available without retroactive payment.
Therefore, based on the above three points, a one-time payment of 150,000 yuan, even if it takes 10 years to return the cost, will be cost-effective, but the premise is that the economic conditions allow.