Self-employed woman of endowment insurance, from Yibin, Sichuan, has paid endowment insurance for 13 years, and now she is 50 years old. When will she get her pension?

Article 16 of the Social Insurance Law stipulates that individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid the accumulated contributions for fifteen years. Therefore, the interruption of pension insurance payment will not affect the enjoyment of retirement benefits.

According to the latest pension calculation method, employees' pension consists of two parts:

Pension = basic pension+personal account pension

Personal account pension = personal account storage amount ÷ calculation months (50 years old 195, 55 years old 170, 60 years old 139, no longer unified as 120) basic pension = (average monthly salary of employees in the whole province+average monthly payment salary of myself in last year)

Note: My indexed monthly average payment salary = last year's average monthly salary of employees in the whole province × my average payment index.

As can be seen from the above formula, under the same payment period, the level of basic pension depends on the average payment index of an individual, that is, the historical average of the ratio of his actual payment base to the average social wage. The lower limit is 0.6 and the upper limit is 3. Therefore, in the two kinds of calculation of pension, no matter what the situation, the higher the payment base and the longer the payment period, the higher the pension. Pensions are fixed indefinitely. As long as the recipient is alive, he can enjoy a monthly pension. Even if the personal account pension has been used up, it will continue to be paid according to the original standard. Moreover, personal pension will increase year by year with the increase of the average monthly salary of employees in society. Therefore, the longer you live, the more you can get, which is definitely more cost-effective than paying.

For example, according to the above formula, suppose that when male employees retire at the age of 60, the average monthly salary of employees in the province last year was 4,000 yuan.

When the cumulative payment period is 15 years,

When the average individual payment base is 0.6, the basic pension = (4,000 yuan+4,000 yuan× 0.6) ÷ 2×15×1%= 480 yuan.

When the individual average payment base is 1.0, the basic pension = (4,000 yuan+4,000 yuan×1.0) ÷ 2×15×1%= 600 yuan.

When the average individual payment base is 3.0, the basic pension = (4,000 yuan+4,000 yuan× 3.0) ÷ 2×15×1%=1.200 yuan.

If the cumulative payment period is over 40 years,

When the average individual payment base is 0.6, the basic pension = (4,000 yuan+4,000 yuan× 0.6) ÷ 2× 40×1%=1280 yuan.

When the individual average payment base is 1.0, the basic pension is = (4,000 yuan+4,000 yuan×1.0) ÷ 2× 40×1%=1600 yuan.

When the average individual payment base is 3.0, the basic pension = (4,000 yuan+4,000 yuan× 3.0) ÷ 2× 40×1%= 3,200 yuan.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.