How much does endowment insurance pay every year?

Legal analysis: pay 500 yuan every year and get a pension at the age of 60;

Personal account: 500× 15=7500 yuan.

Financial subsidy: 60× 15=900 yuan.

Personal account pension (divided by139 for men and women): (7500+900+interest) ÷ 139 =65 yuan.

Pension composition:

National basic pension: 55 yuan

Personal account pension: 65 yuan

Social collective subsidies: 40 yuan (subsidies vary from place to place)

At the age of 60, the pension is 55+65+40= 160 yuan/month.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions shall regard the payment period as the basic old-age insurance premium to be paid before participating in the basic old-age insurance.