What is the difference between high and low social security

The high end of the scale allows you to receive your full retirement paycheck, while the low end is pro-rated. See the Social Security Administration's rules for details.

The difference between a low-grade and a high-grade social security payment for a flexibly employed person is the difference between a high and a low pension after retirement; if you pay more, you will receive more in the future, and if you pay less, you will receive less. The difference between the highest and the lowest is huge. The highest is the lowest 5 times, but this kind of thing, you earn a thousand or two thousand a month to pay the minimum on the line, because the highest block, a month to pay two or three thousand.

High-grade contribution is 100% of the social security contribution base, the lowest grade is 60%, the gap is 40%, has been so poor, the same number of years of contributions, the same year of retirement, retirement pension is also at least 40% difference.

Pension insurance to pay more later retirement will receive more, the amount of pension insurance payment and retirement is directly proportional to the amount received.

Expanded information:

For example:

Suppose that the average wage in society is 3000 RMB/month is constant. Participant A, according to the top 300% contribution, monthly contribution of 3000 * 300% * 20% = 1800 yuan, of which credited to the individual account 720 yuan, credited to the social integration of 1080 yuan, the total number of years of contributions 20 years; Participant B, according to the lowest class 60% contribution, monthly contribution of 3000 * 60% * 20% = 360 yuan, of which credited to the individual account 144 yuan, credited to the social integration of 216 yuan, the total number of years of contributions 216 yuan, the contribution period accumulated 20 years.

The pension is calculated as follows: A, basic pension = (3000 + 3000 * 300%) / 2 * 20 * 1% = 1,200 yuan

Personal account pension = 720 * 12 * 20 / 139 = 1,243 yuan (plus the interest portion of the

The total pension of 2,443 yuan.

B, basic pension = (3000+3000*60%)/2*20*1% = 480 yuan

Personal account pension = 144*12*20/139 = 249 yuan (also add the interest portion)

Total pension 729 yuan.

Comparison of A and B: A's contribution is 5 times that of B's, and he gets 2.5 times the basic pension and 5 times the personal account pension.

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