How much can employees get from basic old-age insurance after retirement?

Pension, also known as pension and retirement fee, is the most important pension insurance treatment, which is mainly used to protect the basic living needs of employees after retirement.

1. How long does it take to get a pension after retirement?

Individuals who participate in the employee pension insurance can receive the basic pension on a monthly basis after reaching the statutory retirement age and paying a total of 15 years. In other words, employees who participate in endowment insurance must meet two conditions before they can receive pensions: first, they must reach the statutory retirement age; Second, the accumulated endowment insurance premium has reached 15 years. If the accumulated payment is less than 15 years, you can receive the accumulated funds in your personal account when you retire.

2. How much pension can I get after retirement?

Here we first give two calculation formulas:

Monthly payment of endowment insurance for enterprise employees = 20% of enterprise's contribution salary+8% of individual's contribution salary.

Lifelong endowment insurance for enterprise employees = monthly pension × 12× pension payment period.

First of all, the following cases are purely fictitious, so please don't sit in the right place.

Suppose Xiao Li starts working at the age of 22 and retires at the age of 60, working for a total of 38 years, with full monthly salary. It is assumed that the salary during work is always 10000 yuan, regardless of other social issues.

Then Xiao Li's monthly endowment insurance is:

Xiao Li's monthly endowment insurance is paid by units and individuals.

(10000× 20%)+(10000× 8%) = 2800 yuan.

Xiao Li paid a lifetime pension insurance.

2800×12× 38 =1276800 yuan

So how much pension can Xiao Li receive after retirement? Earlier we mentioned the conditions for receiving a pension:

Have reached the statutory retirement age and gone through the retirement formalities;

Personal payment must be at least 15 years.

According to national regulations, after retirement at the age of 60, the calculation month of pension is 139 months. Personal account pension is to divide the money in personal account into 139 months and return it month by month.

Personal account pension:

(10000× 8 %×12× 38) ÷139 ≈ yuan.

After the basic pension is equivalent to the average social wage and payment, the amount of the basic pension is calculated according to the payment period. If the contribution wage is assumed to be constant and the average monthly social wage is 1 10,000 yuan, then the average individual contribution index is 1.

Basic deposit account pension:

(10000+10000×1)× 2× 38×1%= 3800 yuan.

So Li Can Jr. gets his pension back every month after he retires at the age of 60:

Retirement monthly pension = personal account pension+basic pension =

Yuan dynasty (1206- 1368)

If the calculation month of pension is 139 months, then the amount of pension that Li Can Jr. got back in his life is as follows:

Total pension recovered in a lifetime = monthly pension × calculated months =

× 139≈ yuan

3. What are the factors that affect the amount of pension?

As can be seen from the above formula for calculating the pension, the factors affecting the pension are: social wage, payment period and individual indexed monthly average wage (that is, payment base).

The higher the social wage, the higher the amount received;

The longer the payment period, the higher the amount received;

4. Pay more, will you get more after retirement?

In fact, more and more endowment insurance is paid, and social security endowment insurance is not a financial management tool, but a basic guarantee.

The basic pensions are all the same, but the funds in personal accounts are different. For individuals, if they want to receive more pensions, they must insist on long-term payment, and pay more when they raise their wages. Of course, the level of protection in the future will be higher.