Read the retirement age and pension calculation method after 70, 80 and 90 in one article!
Text Xiao Fan · Typesetting Xiao Fan.
Hey, dear readers!Before we start today's article, let's answer a few of the most frequently asked questions in private messages:
What are the requirements for receiving a pension?The answer is simple and straightforward: 15 years of social security contributions, plus reaching the legal retirement age. So, it's a process that requires patience, so you have to have faith!
1.Do I still need to continue to pay after 15 years?A: From the date of obtaining the relevant certificate, until December 31, 2016. For example, a pharmacist in charge of a bachelor's degree in pharmacy needs to be a junior pharmacist for four years, that is, he must obtain and be employed for four years before December 31, 2012.
A friend asked if he could be happy to receive money after 15 years, and whether it would be cost-effective to stop paying.
Let me tell you, even if you don't know the bottom of your heart now, it is necessary to continue to pay the fee. It's not just about getting money, it's about investing in your future self!
1.What if it's less than 15 years?A: If there is only one way to go before 15 years, it is to insist on paying until the end of 15 years. This is to ensure that you can receive your pension with peace of mind in the future.
1.Where do I get my pension?A: When you are old, the pension becomes your "year-end bonus"!But don't forget, there's one more important thing to do – pension eligibility. To put it simply, it is to take your ID card, household registration booklet, and retirement certificate to the neighborhood committee for registration and certification, so that you can receive your pension on time.
Well, no more nonsense.
Let's move on to today's topic."List of retirement ages after 70 80 90!Retired at the age of 60, paid social security for 15 years, paid 119,340 yuan, how much pension can I receive after retirement?”
You see, the "delayed retirement" that has been hotly discussed on the Internet recently can be described as a social focus, which is related to everyone's vital interests. Although the specific policy has not yet been finalized, we can foresee that delayed retirement is already on the way.
Delayed Retirement Checklist.
Some people have speculated on a timetable for delaying retirement, and it is said that if this plan is implemented, the post-60s will catch up with a small batch, the post-70s will catch up with a large number, and the post-80s will catch up with all of them.
So the question is, when exactly will you be able to receive your pension after delaying retirement?
According to the provisions of the Social Insurance Law, individuals who participate in the basic pension insurance and have paid contributions for 15 years when they reach the statutory retirement age can receive the basic pension on a monthly basis.
It should be noted here that the pension has a feature, that is, you can always receive it, as long as you keep living. Even if the balance of the personal account is used up, you can continue to receive it, and the pension standard will be increased every year. That's why it's said, "If there is an old man in the family, if there is a treasure"!
Pension calculation formula:
Monthly pension = monthly basic pension + monthly personal account pension.
Does it seem complicated?Don't worry, let's explain with an example.
Take a chestnut:
Lao Wang, male, retired at the age of 60 in 2019, he just paid social security for 15 years before retirement, and paid a total of 119,340 yuan, of which the balance of his personal account was 47,736 yuan.
Monthly basic pension: (5525 + 5525 0.)6) 2 15% = 663 yuan.
Personal account pension: 47736 139 = 34342 yuan.
Total: 663 yuan + 34342 yuan = 100642 yuan.
Therefore, Lao Wang's first month's pension is 100642 yuan. Assuming that he has 17 more years to pay, the total pension he can receive is 20530968 yuan.
This is just an example, the specific pension is also affected by factors such as local salary level, payment period, and payment grade.
Look, pay social security for 15 years, and you can get a pension of 200,000 yuan if you live to the age of 77. So in order to earn back, we all have to work hard to live a long life!
Next, let's talk about the "money life" strategy after retirement
First of all, we need to understand that getting a pension does not mean that we can live a carefree and prosperous life. How to plan your money smartly and become a big steward of your retirement life is the focus of our next discussion.
Rational use of pensions
After the pension is in hand, how should it be used wisely?First of all, we need to sort out some basic living expenses, such as mortgage, children's education, medical care and other expenses. On top of that, plan some additional expenses such as travel, entertainment, socializing, etc. With a scientific budget, we can better manage our limited pension and live a comfortable life.
Tips for managing your finances and investing
Retirement is the security of our life, but if we want to live a more prosperous life, financial investment is also an aspect that cannot be ignored. You can choose some relatively low-risk investment methods, such as treasury bonds, bank wealth management products, etc., to ensure the relative safety of funds. Of course, specific investment choices need to be tailored to one's risk tolerance and financial goals.
The importance of social and mental health
Retirement isn't just about money, it's about mental health. Actively participating in social activities, joining interest groups, and playing with friends will not only enrich your life, but also maintain a good attitude. A happy state contributes to physical and mental health, but it also influences our attitude towards money.
Plan your medical expenses wisely
Medical expenses can become an unavoidable problem as we age. Buying medical insurance early, paying attention to health, and having regular medical check-ups can help to detect and improve some potential health problems in time and reduce the pressure on medical expenses.
Legacy and philanthropy
In retirement, we can also consider dedicating a portion of our wealth to legacy or philanthropy. This will not only provide better education and living conditions for future generations, but also accumulate social reputation and make one's later life more meaningful.
Keep learning to enrich your life
Retirement does not mean that you stop learning, on the contrary, the time after retirement is the best time to pursue knowledge and hobbies. By participating in some activities such as retirement universities and reading clubs, you can not only enrich your life experience, but also make more like-minded friends.
Finally, I would like to share a famous quote:
The wise man is happy with the water, and the benevolent man is happy with the mountain".
Retirement is all about pursuing true happiness and creating more good memories with limited money.
Dear readers, I hope these suggestions can help you plan your money in retirement.
Whether you are retiring late or retiring early, I hope you can enjoy a happy, fulfilling and interesting retirement!
Next time, we will continue to dive into how to create a more rewarding life after retirement, so stay tuned!
If you have any questions about pension and life planning, please feel free to leave a message, and we will share our experience and grow together!
Selected from previous issues10 january 2024
From January 2024, these two categories of retirees will receive more benefits!
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