Is it better to buy 80 or 60 social security?

Whether social security is better to buy 80 or 60 varies from person to person.

Pay according to 60% and 80% respectively, and the difference of payment grades is 20%: when the payment period, retirement place and retirement year are the same, the calculated basic pension, basic pension and return time are all less than 20%; Personal account pension and personal contribution cost is higher than 20%. This shows that there is no absolute one with higher cost performance, and the details will vary from person to person.

The differences in pension calculation between Social Security 60 and Social Security 80 are mainly reflected in the following four aspects:

1, the payment period is different. The calculation of social security 60-level pension needs to meet a certain payment period, usually accumulated pension insurance 15 or 25 years. However, there is no such restriction in the calculation of social security level 80, and you can enjoy the corresponding pension benefits as long as you pay 10 years.

2. The proportion of basic pension and personal account pension is different. Among the 60 social security files, the proportion of basic pension and personal account pension is fixed, which is 8% and 12% respectively. 80 social security file, the proportion of personal account pension will increase, generally around 14%; At the same time, the government will also give some subsidies, so that the proportion of basic pension actually received is slightly lower than 60.

3. The government has different policies on the extra subsidies for the elderly. For the elderly over 70 years old, social security records 60 and 80 have certain additional subsidy policies. For example, the old-age allowance for the 80 social security file can be paid according to age, with a maximum of one month in 30 yuan. In contrast, there is no similar policy for social security 60 files.

4. The pension adjustment mechanism is different. The pension of social security level 60 will be adjusted every year according to the wage growth index announced by the state, and the adjustment range is related to factors such as payment base and payment period. However, the pension adjustment method of social security level 80 is relatively flexible, and the adjustment frequency and range can be decided independently according to the local economic development and price level changes.

To sum up, it is better to buy 80 or 60 social security, which varies from person to person.

Legal basis:

People's Republic of China (PRC) social insurance law

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Employers and individuals pay social insurance premiums according to law. The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.