How to refund the old-age insurance? Processing time

The "Interim Measures" promulgated by the state stipulates that the insured shall not surrender after 20 10 1.

Failure to surrender will give the insured greater rights and interests in the future.

Because all the endowment insurance premiums paid by the insured individuals will protect their rights and interests at any time. The reason for not surrendering insurance now is to let the insured get greater benefits in the future. Even if you don't participate in the insurance or renew the payment from now on, and you don't meet the conditions for 15 to enjoy the pension benefits, after you reach the retirement age in the future, all the personal contributions will be returned to me, including the interest income during the period. In addition, Shenzhen's pension insurance policy stipulates that people who are not eligible to receive monthly pension benefits in this city can receive a one-time living allowance in addition to accumulating additional personal accounts when they reach the statutory retirement age. The standard is to pay the minimum monthly salary in this city every 1 year.

In fact, surrender does great harm to the rights and interests of the insured, because after choosing surrender, only the part paid by the individual can be refunded, while the part paid by the unit cannot be refunded, so the rights and interests of the insured have suffered losses.

Suppose: a migrant worker working in Shenzhen, with a monthly salary of 1000 yuan, 8% for individual and 0/2% for unit. That is, individual migrant workers have to pay 80 yuan every month and 960 yuan every year. If the migrant workers participate in the insurance every year, they will surrender their insurance every year. 15 years will pay14,400 yuan, and the unit will pay 2 1600 yuan. Only my personal account14,400 yuan will be refunded when I surrender, and 2 1600 yuan paid by the company will not be refunded. If you choose to surrender, the loss of the insured will be even greater.

If you don't surrender, it will be another result. First of all, the 14400 yuan (excluding interest) in 15 belongs to the insured. When eligible, the male will be divided by the coefficient 139, and get the personal account pension 103 yuan per month.

Secondly, the local average wage or the average wage paid by the company is 2000 yuan. If the company pays the old-age insurance premium according to my salary 1000 yuan 12%, the company pays 120 yuan and 1600 yuan respectively every month. When the payment conditions are met, the combined payment base is roughly 1500 yuan, calculated according to the payment wage base 1000 yuan and the local average wage of 2,000 yuan, and each year of payment is one percentage point. If the payment is 15 years, it means that the migrant worker can receive a basic pension of 225 yuan per month. Personal account pension plus basic pension is generally 328 yuan per month and 3936 yuan a year. That is to say, if the individual paid14,400 yuan in 15, it only takes the insured three and a half years to get it back.

The current method stipulates that the longer the payment period, the higher the treatment. If the salary of the insured increases in this process, the pension will be higher in the future.

Finally, the pension is paid for life. No matter how old you live, no matter whether your personal account has been paid or not, you will pay according to the above standards until the insured dies. When the social security fund is insufficient, the insufficient part shall be supplemented by local finance according to regulations. Moreover, the government has established an adjustment mechanism for pensions, which is adjusted and increased every year according to a certain proportion of the price index and wage growth.

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