How old can flexible employees get social security?

First, the payment period of endowment insurance for flexible employees is different, the payment grades are different, and the collection standards are different.

1, in which the payment has reached 15 years: monthly basic pension = basic pension+personal account pension. Among them, the basic pension = the average monthly salary of local employees in the previous year when I retired ×20%, and the personal account pension = the amount stored in the personal account/120.

2, the local implementation of unified account combined with the reform of the old-age insurance system to participate in the work of the former state-owned, collective enterprises or institutions, after the termination of labor relations, according to the urban flexible employment approach to insurance, after retirement, its monthly basic pension according to the urban enterprise employee pension plan hair method.

3. If the payment is less than 15 years, and the flexible employees are unwilling to continue to pay, they cannot enjoy the basic old-age insurance benefits on a monthly basis, and the accumulated amount in their personal accounts and the part included in the overall fund from the old-age insurance premiums paid by individuals are paid to them in one lump sum, and the old-age insurance relationship is terminated at the same time.

Second, the retirement age of flexible employees: men over 60 years old and women over 55 years old. Among them, female insured persons who have paid for insurance in the former public-owned enterprises and institutions for 10 years (including deemed payment) and have been employed flexibly for more than 2 years can choose to go through retirement procedures between the ages of 50 and 55 upon their own application.

How to pay the basic endowment insurance for flexible employees is the most cost-effective?

First, the calculation method of basic pension

Basic pension = basic pension+personal account pension

1, basic pension = (average monthly salary of employees in the autonomous region last year+average monthly payment salary of myself) ÷2× payment period × 1%

2, personal account pension = personal account storage amount ÷ months.

3. In addition, enterprise retirees in our district can also receive 120 yuan winter heating subsidy every month.

According to the above formula, we can see that the level of payment base, the length of payment period and the level of social salary at retirement are important indicators for calculating pension.

Two, the same payment period, the higher the payment base, the higher the pension benefits.

At present, flexible employees can pay the basic old-age insurance premium according to 20% of their selected payment base, and the payment base is determined according to 100%, 60% and 50% of the average monthly salary of employees in the autonomous region last year. The payment base directly affects the level of retirement pension.

Three, the same payment base, the longer the payment period, the higher the pension benefits.

At present, the minimum cumulative payment period for flexible employees is 15 years. Men who reach the legal retirement age are 60 years old (women are 55 years old) and can go through retirement procedures. During the payment period, flexible employees choose to stop paying endowment insurance after the accumulated payment reaches 15 years, and their pension benefits will be greatly affected when they go through retirement procedures at the legal retirement age. The reason is that the new pension calculation and payment method stipulates that the longer the payment period, the higher the proportion of basic pension and the higher the pension benefits received after retirement.

Four, the longer the payment period, the higher the level of pension capital increase.

legal ground

Article 18 of the Social Insurance Law

The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.