Shandong Weifang rural one-time payment of social security

In the vast rural areas, providing for the aged is an eternal problem. Because farmers don't have formal jobs and social insurance, few farmers buy commercial insurance for themselves. After they can't engage in manual labor in their later years, their income sources are cut off, and there is no pension and pension at all. In the past, it was difficult to support the elderly with meager savings, so most of them still relied on children. In recent years, the rural pension policy has improved. In addition to poverty allowance, the elderly over 60 can also get cash allowance, but only a few tens of yuan a month. These subsidies alone will not enable them to spend their old age comfortably. But now many rural areas have begun to allow farmers to pay back their old-age insurance, which has aroused widespread concern among farmers. According to the requirements of rural old-age insurance, men can pay back the old-age insurance at the age of 45 and women at the age of 40, but at most they can only pay back 10 years; Men over 60 years old and women over 50 years old can pay 15 old-age insurance in one lump sum. It is a good thing that farmers can pay back their old-age insurance. The question now is, is it worth paying 15 of the old-age insurance in one lump sum? Let me give you an account: the average wage level in different regions is different, and the old-age insurance is generally paid according to the local minimum wage level of the previous year. For example, the cost of returning a year in Shandong is 6295.2 yuan, and returning 15 is 94428 yuan. The cost of returning 15 in other areas is mostly around100000 yuan. At present, the retirement age of ordinary employees is 60 for men and 50 for women! Of course, if the elderly pay old-age insurance now, men can start to receive pensions at the age of 60 and women can start to receive pensions at the age of 50. This means that you can get it after you return it. The amount of pension received in different regions is also different, mostly between 800- 1300 yuan per month. It rises by about 5-6% every year! Assume that male farmers pay 15 old-age insurance at the age of 60, totaling100000 yuan. According to local regulations, he can receive 1000 yuan every month. 5-6% per year. If you want to collect 6.5438 million yuan, farmers will have to live for at least another 6-7 years to make ends meet, that is to say, they will live to be 66 or 67 years old. At present, the average life expectancy of China people is about 76 years. Men's life expectancy is shorter than that of women, but most of them can still live to be over 70 years old. So from this perspective, it is more cost-effective to pay back the money. What should I do if I haven't received all the money in my pension account before I die? Money in personal accounts can be inherited by legal heirs. Although I don't have enough money to live, it's not bad to leave it to my children.

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