Is it cost-effective to pay your own social security pension for flexible employment?

Is it cost-effective to pay your own social security pension for flexible employment?

The longer you live, the more you receive. According to the minimum 60% of the contribution base, pay 15 years of contribution standard, women reach 55 years old, men reach 60 years old can be retired, receive a monthly pension.

Generally, as long as the survival of 8-9 years time, you can receive through the pension, the realization of receiving for the amount of contributions beyond (also commonly known as capital preservation), China's average life expectancy of men has reached 74.9 years old, women are as high as 79 years old, behind this average life expectancy, marking the majority of people will live through the line of capital preservation, to participate in the employee's old age pension is not a loss of capital.

Contributions are cost-effective: in accordance with the urban and rural residents' pension insurance contributions, divided into more than 10 grades, such as 100-6000, participants can choose the appropriate grade in accordance with their own financial ability to participate in the insurance, in addition to their own contributions, the governments of various regions are also given different incentives to participants, together with personal contributions into the individual account accumulation, the higher the selected grade, the greater the incentives.

Recipients of cost-effective: to meet the 15-year contribution requirement for retirement, you can go through the retirement formalities and receive a monthly pension for life. The pension after retirement consists of two parts: the basic pension (no less than 88 yuan per month + government and collective subsidies) + the personal account pension (personal account pension balance/139). After the personal account amount is collected, it will be paid by the government according to the personal pension standard.