Linyi social security paid 654.38+90,000 yuan in 2005.

According to China's current social insurance law, the pension can only be received after paying 15 years to the legal retirement age. Those who have not paid their contributions for 15 years at the time of retirement can continue to pay their contributions until they meet the fixed number of years, and receive a pension once a month after retirement. According to the calculation method of pension, how much money can be received after retirement is related to four factors: the average salary of employees in the province, the average monthly salary of individuals over the years, the payment period and the balance of personal accounts at retirement.

Individuals can pay 15 endowment insurance in one lump sum. The repayment policy is: nearly 90,000 yuan at a time. Men over 60 years old and women over 55 years old can receive a monthly pension of about 1 100 yuan. As time goes on, the monthly pension will increase.

Benefits:

1. Considering the current average life expectancy, it is still no problem to earn the pension back within 10 years. Everything you get after that is earned.

2. Having a "salary" of more than RMB 1000 per month, the living standard is guaranteed and the psychological security is more guaranteed. Moreover, the annual pension of 1 000 is much more than the annual investment income of 4,500, and the living standard can be higher.

Disadvantages:

1. In case of illness, especially serious illness, it is more troublesome when you need a lot of money. If you invest, you can keep at least 90,000 principal.

2. If something happens, a part of the personal pension will be returned, but only a small 8% (about 7200 yuan).

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