202 1 What is the average replacement rate of social security pension in China?

[According to the current data, the average replacement rate of social security pension in 202 1 is only 43.6%. ]

On March 2nd, "The 30-year-old master resigned and saved 654.38+00,000 yuan for providing for the aged in Yunnan" boarded Baidu's hot search, which once again aroused people's hot discussion on "freedom of providing for the aged".

With the advent of an aging society, providing for the aged has become a topic of general concern. While paying attention to the quality of old-age care, people also hope to realize "freedom of old-age care" as soon as possible.

Then, how to realize free pension, how much money is needed, and how much money is still missing? How to achieve the purpose of providing for the aged through financial management tools? In this regard, Li Hua, the manager of the "Flower Teacher Finance and Business Course", said in an interview with CBN that "there is no absolute standard answer suitable for everyone. Pension is a very personalized thing, and what kind of life everyone wants varies from person to person. You can't simply and rudely give a time point. There is not much money for providing for the aged, but it is more than a year. Freedom of providing for the aged does not depend on temporary passion, but on a long stream of water. "

An UP boss posted several videos on the website, sharing his retirement life after his resignation. The UP owner claimed that he had saved 6,543,800 yuan and resigned to go to Yunnan to support the elderly. For this 6.5438+million yuan, the UP owner has also allocated assets, of which 840,000 yuan is used to purchase savings with an annual interest rate of 3.5%, so that a fixed interest of 2,450 yuan can be obtained every month. 6.5438 million yuan is used for short-term financial management to obtain relatively high income; The remaining 60,000 yuan is used for high-risk investment to obtain high returns.

While admiring, many commentators also raised some questions, such as whether 1 10,000 yuan can realize "freedom of pension" and how to plan pension assets.

In fact, "How much money can you save to have a decent pension" is also a hot topic of concern in the past two years, and the answers are not the same.

"Whether to save money from the age of 30 or from the age of 40; The pension you need to save is 6,543.8+0,000 or 2 million, or 6,543.8+0,000 or 20 million. That's not the most important thing. The most important thing is that if you want to spend 654.38+0 million a year, you can spend 654.38+0 million. " Li Hua believes that "freedom of providing for the aged" depends not on a temporary passion, but on a long stream of water.

Of course, there is indeed an indicator to measure the quality of life for the aged in the future, and that is the "pension replacement rate". The so-called pension replacement rate refers to the ratio of the pension level of workers when they retire to the wage income level before retirement.

For example, the monthly income before retirement is 20,000, and the monthly basic pension after retirement is 1 10,000, so the pension replacement rate is 50%. The higher the pension replacement rate, the higher the quality of life after retirement; On the contrary, it means that the quality of life after retirement may decline. The World Bank recommends that the pension replacement rate should be 70%~80% to basically maintain the original living standard. The ILO recommended that the minimum standard of pension replacement rate be 55%.

Judging from the current data, the average replacement rate of social security pension in 202 1 is only 43.6%. In other words, social security pension alone is not enough, which is why the personal pension system, as the third pillar of China's old-age insurance, has attracted widespread attention as soon as it was introduced.

According to the data of China Banking Regulatory Commission, at present, commercial banks have opened more than 24 million personal pension fund accounts; Bank insurance institutions are launching a variety of financial products, such as savings deposits, wealth management products and commercial endowment insurance, for participants to invest and buy in an orderly manner.

Li Hua also suggested that you can open a personal pension account, take out part of the money every year, enjoy tax incentives through the personal pension account, and choose exclusive pension products that meet national regulations, such as pension deposits, pension wealth management products, pension funds, and pension insurance. Personal pension products can meet the needs of pension investment in one stop.

In addition, UP car owners have built their own pension fund portfolio through the method of large-scale asset allocation, and realized the first step of pension planning: to make pension cash flow flow smoothly. For example, after his resignation, he has figured out how much he spent and recorded, maintained a steady stream of cash flow, and initially met the needs of the elderly.

"However, in order to continue to consolidate the pension reserve, we must do the second step of pension planning: let the pension fund gap disappear." Li Hua said that this kind of planning can only meet the current pension needs statically. Once the savings interest rate goes down and inflation rises, it may face asset shrinkage under the double attack of reduced cash flow and increased expenditure. "The funds used for old-age care should be dynamically adjusted with changing factors such as age and market. Only in this way, we are not afraid of shrinking pensions, and we will not let the quality of retirement life decline. " Li Hua said.

She suggested that we should first make a good choice of pension planning tools. The planning portfolio of pension funds needs to include the following four tools and methods. The first kind of tools are medical insurance, critical illness insurance, etc., the second kind of tools are savings insurance such as annuity insurance and life extension, the third kind of tools are fixed-income financial products, and the fourth kind is to construct pension fund portfolio by using asset allocation method.

Then there is the choice of pension reserve and demand. If the amount of funds is limited, it can be allocated in the above order. First allocate insurance, then make investment, first cover risks, and then add icing on the cake; If the amount of funds is large, it is necessary to carry out asset allocation planning to avoid asset shrinkage or huge fluctuations; If you have just entered the stage of providing for the aged, you can still find some suitable medical insurance and annuity insurance in the market to cover future risks.