Minimum base social security retirement can get how much

Participate in the pension insurance, people want to know in accordance with the minimum standard of payment of pension insurance for 15 years, after retirement pension can receive how much money? Can there be a million dollars?

Some people say that the pension treatment is not high, the luxury of one million dollars is a fool's errand. To be honest, it is really possible for ordinary people to receive a million dollars.

First of all, I hope you understand that the amount of pension we receive is really related to our contributions, and the basic principle is to pay more, pay more, pay more.

According to the formula for calculating the pension, the current personnel to participate in the insurance contributions, the basic pension for retirement mainly includes the basic pension, personal account pension two components.

(a) The basic pension is mainly related to my average contribution index, the average social wage in the previous year of retirement, and my years of contributions to the three factors.

If you always contribute according to the 60% base, the average contribution index is 0.6. But to be honest, in the past, Beijing, Sichuan and many other places can actually contribute less than the 60% base, and Shenzhen and Xiamen can also contribute according to the minimum wage as the base at present.

The average contribution index is 0.6 in the case of 15 years of contributions can receive 12% of the average social wage of the previous year of retirement or the pension calculation base of the year.

Currently, the pension accrual base is generally between 6,000 and 11,000 RMB across the region, which means that this part of the entitlement will be around 720 to 1,320 RMB.

If the average contribution index is 1, 15 years of contributions can receive 15% of the social wage, which is also a reflection of more contributions, more pay. But it is still effectively narrowing the treatment gap.

(ii) personal account pension, equal to the balance of the personal account divided by the retirement age to determine the number of months of payment. This part of the treatment is subdivided into many kinds of situations.

In the past, when the base of my contribution was high, the balance of the personal account formed was more. Like Beijing, Shanghai and other places have a relatively high contribution base, so the personal account balance will accumulate more.

In addition to this, there is the number of months of accrual determined by the retirement age, which is 195 months at age 50, 170 months at age 55, and 139 months at age 60.

Again, with a 50,000 yuan individual account for pension insurance, the individual account pension is about 250 yuan for retirement at age 50, about 290 yuan for retirement at age 55, and about 360 yuan for retirement at age 60.

Generally speaking, according to 60% of the base contributions for 15 years, retiring in 2022, the pension is generally around 1,000 to 1,600 dollars. However, some regions also have historical policies, will be treated on the high side, can reach more than 1,800 to 2,000 yuan.

Besides the basic pension, pay attention to these two things.

First, after retirement, the pension will be adjusted in accordance with the national unified notice of growth, relatively short contribution period, the pension level of low people will increase the proportion will be higher, but the amount will be slightly less.

It is generally recommended that you do not just pay 15 years, at least one more month, because when increasing the pension, generally less than one year will be calculated by one year. More than one month, according to the increase in the number of years of contributions will be more.

Second, the death of the insured person there are funeral grants and pension treatment. The treatment is equal for all. Contribute 15 years after the death of retirement, funeral subsidies and pensions are respectively 2 months and 9 months of the death of the last year in the province of urban monthly per capita disposable income.

The minimum standard contribution under the pension insurance benefits, can I get 1 million?

According to Shandong Province's pension entitlement formula, the minimum base contribution of 15 years, 50 years old retirement basic pension almost can receive about 1,100 yuan.

According to the pension adjustment program in Shandong Province in recent years, the pension of 1100 yuan, 15 years of contributions, the pension can grow by about 7% (the average growth rate is 4%). And as you get older, there is some additional tilt in pension growth.

If the rate of growth is 7% per year, the total amount of pension we can receive after 30 years will reach 1.24 million yuan.

The monthly urban per capita disposable income in Shandong Province in 2021 was 3,922 yuan. Retirees who die in 2022 will also be able to receive at least 43,000 yuan in funeral grants and survivors' pensions. If the rate of increase of 5% per year, the relevant survivor's benefits will reach 185,000 yuan after 30 years.

Currently, the average life expectancy of women in China has exceeded 80 years. For a woman retiring at 50 years old, receive 30 years of pension, the total can receive the pension treatment is relatively very easy to reach more than 1 million yuan.