Xiamen migrant workers social security contribution base is low, what will be the impact on the future pension?

Naturally that is of course the impact. Xiamen City, the minimum contribution low limit is 1,800 yuan, the maximum contribution limit is 17,442 yuan, in which Xiamen City, the household registration or the minimum contribution low limit is 3,244 yuan, the maximum contribution limit is 17,442 yuan, the outside workers upper limit and the minimum value of the middle of the gap between the 10 times.

There is a difference between the outside world of Xiamen City and the employees of the local workers in the payment of the low limit, the city of Xiamen City, the workers are based on the Xiamen City issued the average monthly income of the employees of the previous year 60% of the monthly income of the employees of the low limit of the payment, in accordance with the average monthly income of the employees of the previous year 300% of the monthly income of the employees of the payment of the limits, but in accordance with the Xiamen City, issued by the local household registration of the freelance payment of the low limit seems to be 3,244 yuan, and also not on the 60% of the average monthly income of employees in the previous year, only the low limit of 3,488.4 yuan for administrative institutions can reach the low limit of payment norms.

Xiamen City belongs to our country's free trade zone, are sub-provincial cities, according to the relevant provisions of the relevant policy is to have the power to establish, and Xiamen City, the current policy of social security contributions are more flexible, not only for the outside world workers can be issued in accordance with the local minimum wage as a base for the contribution, and the proportion of contributions is also very low. Xiamen City, the overall contribution ratio of enterprise employees is only 20%, in which the enterprise contribution ratio of only 12%, are lower than the 16% of the national provisions of the 4 percentage points, which will reduce the burden on enterprises, increase the magnitude of Xiamen City's investment promotion work is undoubtedly very helpful. But for outside workers, for some not ready to do retirement work in Xiamen personnel, it is likely to get a little more paychecks per month, but the future need to do retirement workers in Xiamen, it is possible that it is not so lucky, after all, the contribution base is too low.

In accordance with the 2020 to 2021 Xiamen City, the contribution base, the number of average contribution index is 5814 yuan, according to 60% of the contribution index salary is 3488.4 yuan, according to the 1800 as the contribution base, the corresponding contribution index is only 31%. This contribution index in the calculation of pension, if strictly according to the contribution base for the calculation of their own average contribution index salary, so in fact, is also very low, but at the same time will also occupy a certain competitive advantage, this advantage is mainly because of the basic pension calculation method. Technically speaking, the basic pension is calculated to reflect the fact that the more you pay, the more you get, and the longer you contribute, the more you get. But a low contribution index is not the same as an average contribution index that is less than one's specific contribution base.

In the case of retirement, is based on Xiamen City, the previous year's average income of on-the-job workers as the number of calculations, but on January 1, 2020 onwards, Fujian Province has realized the provincial integration of social pension insurance, and therefore the number of pension calculations are based on the implementation of the requirements of the Fujian Provincial, not according to the Xiamen caliber of the number of calculations of a small statistical implementation. Although in Xiamen City each year is based on the employee's minimum wage of 1800 yuan as the contribution base, the contribution index is only 31%, but in the calculation of the average contribution index salary, it is based on the Xiamen City issued the previous year's average monthly income of the employees, or the calculation of the number of pension payments to calculate the average contribution index salary, so it is also a certain degree of competitiveness.

For example, in Xiamen City is based on the standard of the minimum wage to pay pension insurance, the contribution base is the average value of 1,800 yuan, the average contribution index according to the contribution base in 2021 to calculate is 31% in 2021 to do the retirement, the Fujian Province issued a measurement of the number of old-age pensions issued by the 6,699 yuan, in fact, the standard is higher than the Xiamen City in accordance with the 100 percent of the contribution base of 5,841 yuan. The standard is in fact higher than Xiamen City's 5,841 dollars according to 100% contribution. In the estimated old-age pension, the basic old-age pension = (the city's average monthly income of on-the-job workers in the previous year after I retired + their own indexed monthly average value of the contribution salary) gold = 2 × my contribution period × 1%. Own indexed monthly average value of contribution salary = the average monthly income of the city's on-the-job employees in the previous year after my retirement × the index value of my own average value of contribution salary.

Calculated according to this formula for calculation, first of all, we carry out the calculation of their own indexed value of the average monthly contribution index salary, I retired after the last year of the city's on-the-job workers in the average monthly income of 6,699 yuan × their average value of the contribution wage index value of 31%. Come up with the average contribution index salary of 2076.69 yuan, which is higher than its own contribution base of 1800 yuan to 276.69 yuan, this show is the normal calculation of the advantages. Basic old-age pension = (the city's average monthly income of on-the-job workers in the previous year after my retirement + their own indexed monthly average value of the contribution salary) gold = 2 × my contribution years × 1% = 6699 yuan + 2075.69 yuan gold = 2 × 15 years × 1% = 658.05 yuan.

From the conclusion of the calculation of the basic pension seems to be, pension pension this piece, the final contribution index is relatively low, but because of the advantages of enjoying a very high number of counting, but also to enhance the self of the average contribution index salary, so the pension pension is not a loss, ate the biggest loss of the personal account pension insurance, because according to the monthly contribution base of 1,800 yuan, the monthly credit to personal account Funds only 144 yuan, 1728 yuan a year, pay 15 years 25,920 yuan, plus interest on the corresponding funds up to 30,000 yuan of health insurance account balance, divided by 139 months, the monthly personal account pension insurance premiums for 215.83 yuan, a total monthly pension insurance premiums for 873.88 yuan. This pension benefit is naturally very low.

Overall, in Xiamen City, according to the local minimum employee salary of 1800 yuan as the contribution base, according to the Xiamen City in 2021 issued the contribution base for the calculation of the contribution index is only 31%, but the average contribution index salary can reach 2076.69 yuan, the average contribution index salary is also very low, after retirement monthly pension insurance is also very low, about only 800 yuan per month. More than 800 dollars.