What are the benefits of buying social security early?

Insurance Bian Xiao helps you answer, and more questions can be answered online.

The advantage is that the longer you buy it, the more pensions you will receive in the future;

Enterprise old-age insurance: According to China's Interim Measures on Retirement and Resignation of Workers in the State Council, enterprise employees who have reached the age of 60 and 50 can go through normal retirement procedures and apply for old-age insurance benefits. That is, the age of receiving pension insurance for enterprise employees is 60 for men and 50 for women.

Calculation formula: pension = basic pension+personal account pension.

In which: basic pension = (average monthly salary of employees in the whole province last year+average monthly payment salary of myself) ÷2× payment period × 1%.

According to the above formula, suppose that when a male employee retires 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 average individual contribution base is 1.0, the basic pension = (4,000 yuan+4,000 yuan×1.0) ÷ 2×15×1%= when the average individual contribution base in 600 yuan is 3.0, the basic pension = (.

When the cumulative payment period is over 40 years:

When the individual average payment base is 0.6, the basic pension = (4,000 yuan+4,000 yuan× 0.6) ÷ 2× 40×1%=1280 yuan; When the average individual contribution base is 1.0, the basic pension =(4000 yuan +4000 yuan ×