How much do self-employed people get after paying social security?

Pension = basic pension+personal account pension

Personal account pension = personal account storage amount ÷ months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. Calculated months are slightly equal to (average life expectancy-retirement age) X 12. At present, 50 years old is 195, 55 years old is 170, and 60 years old is 139.

Basic pension = (average monthly salary of employees in the whole province in last year+average monthly payment salary indexed by myself) ÷2× payment period × 1% = average monthly salary of employees in the whole province in last year (1+ average payment index by myself) ÷2× payment period × 1%.

In which: my indexed monthly average payment salary = last year's average monthly salary of employees in the whole province × my average payment index.

As can be seen from the above formula, under the same payment period, the level of basic pension depends on the average payment index of an individual, that is, the historical average of the ratio of his actual payment base to the average social wage. The lower limit is 0.6 and the upper limit is 3. Therefore, in the two kinds of calculation of pension, no matter what the situation, the higher the payment base and the longer the payment period, the higher the pension. Pensions are fixed indefinitely. As long as the recipient is alive, he can enjoy a monthly pension. Even if the personal account pension has been used up, he will continue to pay the basic pension according to the original standard. Moreover, personal pension will increase year by year with the increase of the average monthly salary of employees in society. Therefore, the longer you live, the more you can get, which is definitely more cost-effective than paying.

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