In the eyes of many people, life after retirement should be easy and enjoyable. However, there are also some people who are worried about whether the standard of living will decline after retirement. Especially those who have no other income** may be more worried.
Some people are able to enjoy a higher standard of living than they did when they were in the workplace, because they receive a pension that is higher than their salary each month. So, what do these people do? Why are their pensions so high?
We need to understand the fact that the level of pension is not determined by the nature of your work, but by factors such as the number of years you have paid, the base of contributions and the proportion of contributions. In other words, as long as you pay pension insurance on time and in full, no matter what you do, you are likely to get a higher pension.
There are differences in the payment standards and benefits of different industries and occupations. Generally speaking, civil servants, public institution personnel and employees of state-owned enterprises and other public employees have a higher contribution base and a certain amount of welfare protection, so their pensions are usually relatively high.
Some senior technical personnel or business managers, due to their higher income level, so their contribution base will also be increased accordingly, which also makes their pension relatively high.
So, what should you do if you want to enjoy a higher standard of living in retirement?
You need to enroll in pension as early as possible and pay in full and on time. Endowment insurance is a compulsory social insurance of the state, and its main purpose is to ensure the basic life of workers after they lose their ability to work or reach the statutory retirement age. You will only be able to receive a pension after retirement if you are covered by pension insurance.
You need to increase your contribution base and payment period as much as possible. According to the provisions of China's social insurance law, the payment base of endowment insurance is determined according to the average monthly salary of employees in the previous year, and the payment period is calculated according to the actual payment period and the deemed payment period. Therefore, you can increase your pension by increasing your own salary level and the number of years of service you have worked.
You can also increase your income by investing and managing your money**. For example, you can buy some stable financial products, or participate in some low-risk investment projects to increase your wealth accumulation.
In general, the level of pension does not depend entirely on the nature of your work, but is determined by factors such as the number of years you have contributed, the contribution base and the proportion of contributions. As long as you actively participate in pension insurance at a young age and increase your contribution base and contribution years, you may be able to enjoy a higher standard of living after retirement.
Do you have any thoughts or experiences you'd like to share on this issue? Welcome to leave a message in the comment area, let's ** together!