The difference between social security contribution 15 and 20 years.

First, the difference between social security 15 and 20 years

Suppose both of them retire at the age of 60 and both of them are in the same company. Companies and individuals pay 500 yuan social security together every month, with A paying 15 and B paying for 20 years. Last year, the local average salary was 5,000, and their personal contribution index was 1 (that is, 5,000). How much pension they can receive every month after retirement is calculated by calculation formula.

Second, the pension calculation formula

Pension = basic pension+personal account pension

1, basic pension = (average annual salary above retirement ground+individual contribution index salary) ÷2× payment period × 1%

2. Personal account pension = amount in my account ÷ payment months (50 years old 195, 55 years old 170, 60 years old 139).

15 The social security payment of the pension is calculated as follows:

Basic pension = (5000+5000) ÷ 2×15×1%= 750.

Personal account pension = 500×12×15 ÷139 = 647.

750+647= 1294 yuan

So A can get 1294 yuan every month after retirement.

Similarly, B's 20-year pension is calculated as follows:

Basic pension = (5000+5000) ÷ 2× 20×1%=1000

Personal account pension = 500×12× 20÷139 = 863.

1000+863= 1863 yuan

So B can get 1863 yuan every month after retirement.

B Pension -A Pension = 1863- 1294=569 yuan.

Obviously, after retirement, B can get 569 yuan more than A every month and 569x 12=6828 yuan more than A. The state also encourages paying more, so you can get more after retirement. Therefore, according to your own situation, you can continue to hand in those with better conditions. After all, this is directly related to your old age.

The influence of social security payment time on treatment is an important issue. The difference between social security payment 15 and 20 years is mainly reflected in the following aspects. First of all, the length of payment time directly affects the level of personal social security benefits. Generally speaking, the longer the payment time, the more benefits individuals can get, such as pension, medical insurance and unemployment insurance. Secondly, the length of payment time is also related to enjoying special treatment. For example, some regions or industries may set up special policies to give extra subsidies or preferential policies to those who pay for a long time. In addition, the length of social security payment will also affect the retirement age of individuals. Generally speaking, people who pay for a long time can enjoy retirement benefits in advance. Generally speaking, the length of social security payment time is directly related to the level of social security benefits and retirement age of individuals, so it is very important to plan and manage the social security payment time of individuals reasonably.

Legal basis:

People's Republic of China (PRC) Social Insurance Law;

Chapter VII Collection and Payment of Social Insurance Fees

Sixty-first social insurance fee collection agencies shall collect social insurance premiums in full and on time according to law, and regularly inform employers and individuals of the payment situation.