Is social security contribution 15 cost-effective or 20-year cost-effective

Whether the social security payment is 15 or 20-year cost-effective depends on the following conditions, as follows:

1, 15 social security and 20-year social security, the exact value of the wage gap after retirement cannot be calculated. Because the individual's social security contribution level, social security contribution index, the average social salary of the previous year at retirement, personal account balance and so on are uncertain. Assuming that the salary is unchanged and the indexed monthly average payment salary is unchanged, it is roughly calculated that the pension paid in 20 years should be about 0.3 times that paid in 15 years.

2. If the salary rises and the contribution level rises, the pension paid in 20 years will definitely be 1.3 times higher than that paid in 5 years. This calculation is not accurate. The calculation of pension involves many factors and needs comprehensive consideration.

Under the same payment technology, the social security payment for 20 years will definitely be higher than the pension that 15 can receive after retirement, and the payment of 15 is the minimum standard. Basically, the pension you can get after retirement is almost low, and the payment for 20 years will be higher than 15. Depending on the level of payment, it is possible that the payment for 20 years will be higher than the payment.