The pension is actually paid by yourself.

Some people think that paying endowment insurance is equivalent to giving your own money to your future pension. Do you think this statement is correct? First of all, I can tell you clearly that such an idea must be incorrect. Although in the process of paying the old-age insurance, it may be your own insurance payment, especially as a flexible employment individual or an individual who participates in the old-age insurance for urban and rural residents, the full payment is completely independent. But even so, whether you enjoy residents' pensions or employees' pensions, you can finally enjoy some benefits other than your own contributions.

For example, you can enjoy employee pension, and when we reach the legal retirement age, men are over 60 years old, women are over 55 years old and female employees are over 50 years old. We will receive a monthly pension, and we will enjoy the collection of personal accounts first. However, when our personal account pension collection is completed, you will enjoy the pension collection of the overall account at this time. So it doesn't mean that you can only enjoy so much money, because the money you pay may not completely guarantee that you can receive a pension for life, while our pension can be received for life, so in the end, you can enjoy the pension in the overall account, and the final return may be far greater than your payment cost.

Then in this case, you can't simply conclude that the endowment insurance you pay is your future pension money. This idea is incorrect, because you can enjoy some extra benefits. After all, our pension can be paid for life. As long as you are alive, the pension can be paid in full and on time, and with the increase of retirement age, the future pension level will be higher and higher. More importantly, you can get it for a lifetime. Therefore, participating in endowment insurance is more of a guarantee for our personal pension life and a guarantee at the national level, rather than simply paying for our own pension.

If you understand it as providing for yourself, it is equivalent to saving money. Even if you save 500 thousand, your 500 thousand deposit will be spent less and less. In short, I will spend it one day. Then at that time, you may not be able to provide for your old age through savings, but our pensions are different. First of all, the pension can be guaranteed for life, and the pension benefits will be continuously improved with the increase of retirement age every year. It can also resist the pressure and risk of inflation, and our pension can also achieve the role of increasing value and maintaining value.

So, there is a pension. Although this pension is nominally paid by ourselves, we can enjoy more benefits through the results of the return. In addition, individuals who have their own institutions are not entirely borne by individuals, but by institutions, so it does not mean that this is entirely your own money. This understanding is definitely incorrect, so we should understand the basic principles of endowment insurance.