The replacement rate of social security in China in the future

After reading this, you will understand. Overall pension is the following basic pension.

The target replacement rate of old-age insurance refers to the proportion of monthly basic pension to the average social wage of employees in the previous year in the city where the insured person meets the retirement conditions. The monthly retirement pension level is determined by the replacement rate. The higher the replacement rate, the higher the monthly retirement pension and the lower the replacement rate. Guo Fa [2005] No.38 Document Pension Calculation Method The target replacement rate of basic pension is set at 59.2%, and the average payment period is calculated as 35 years.

What are the benefits of participating in the basic old-age insurance for the insured? How many benefits can they get? What is the relationship between the payment period of the insured and the monthly basic pension? Here, after the insured has paid several years' old-age insurance premiums according to different payment bases from June 5438+ 10, 2007, we calculate the corresponding target replacement rate of receiving basic pension according to the "newcomer" pension calculation method for the insured to compare and calculate their own pensions.

It can be seen from the comparison table that eligible retirees can calculate their basic pension according to the target replacement rate in the comparison table. For example, Zhang, male, has been insured since June 5438+ 10, 2007, and he pays the old-age insurance premium according to the social wage every year, with the payment period of 30 years. Assuming that the average social wage in the previous year was 25,700 yuan, Zhang's monthly pension after retirement was 25,700× 50.72% =13035.04 yuan.

Judging from the insured's payment period, payment base and corresponding target replacement rate, the relationship between the insured's investment and income, payment period, payment base and retirement benefits is analyzed as follows:

(1) Input and benefit analysis. According to the calculation, the accumulated endowment insurance premium paid by the insured can be paid for 7 to 9 years. According to the average life expectancy of 75.2 1 year, men can receive 15.2 1 year, women can receive 25.2 1 year, and retirees with long life can receive longer time. If the factors such as increasing the basic pension according to the policy after retirement or receiving funeral expenses and one-time pension according to the regulations after death are taken into account, the payback period of the accumulated old-age insurance premium paid by the insured will be shortened accordingly, which truly reflects "paying an egg when working and bringing back a chicken after retirement".

(2) Analysis of monthly pension and payment period. As can be seen from the comparison table, with the same payment base, the longer the payment period, the higher the target replacement rate and the higher the monthly retirement pension, which truly reflects that the earlier you join the insurance, the greater the benefit in the future. If Party A, Party B, Party C and Party D all pay 60% of the average social wage over the years and all retire in the same year, the average social wage of employees at retirement is 6,000 yuan, and the payment periods of Party A, Party B, Party C and Party D are different.

(3) Analysis of monthly pension and payment base. The comparison table also shows that the higher the payment base, the higher the target replacement rate and the higher the monthly pension. If all the insured persons of Party A, Party B, Party C and Party D have a payment period of 15 years, and all of them retire in the same year, the average social wage of employees at retirement is 6,000 yuan/month, and the payment bases of Party A, Party B, Party C and Party D are different.

20 1 1 year

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.