Both Wuhan and Shenzhen pay social security according to the minimum standard. Which retiree gets more?

Both Wuhan and Shenzhen pay social security according to the minimum standard, and Shenzhen receives more pensions. How much social security can get after retirement is related to the grade and years of paying social security. The longer you pay social security, the more premiums you pay, and the higher the pension you can get after retirement. Therefore, everyone should be brave enough to pay social security. In Shenzhen, social security is related to buying a car and a house, and your children go to school, so it is very important. You can't pay social security.

Benefits of social security

When you are old and weak and lose your ability to work, you can provide living security and pay old-age insurance. When you reach a certain age, you don't have to pay any more, and you can start to receive a monthly pension. You can enjoy a more comfortable old age by paying for basic necessities with a pension.

Some people advocate paying commercial endowment insurance. Commercial endowment insurance, which takes the form of lump-sum deposit and withdrawal, can be withdrawn at one time, which seems to be very cost-effective. If the inflation rate is taken into account, you will find that the safety is not so good after careful calculation.

However, the social endowment insurance takes the form of zero deposit and zero withdrawal. The money is not concentrated together, which gives people a feeling that it is not intuitive enough, but its guarantee is absolutely no problem, and it will grow with the improvement of the average living standard of society at retirement.

Therefore, in order to ensure the life in old age, we should buy endowment insurance in this way. If the economic ability permits, you can buy commercial insurance as a supplement while paying social security. If the financial ability is not strong, social security should be given priority.