Why can't I pay social security in 2022?

The main reason why the insured who has paid the employee pension insurance can't pay it back is to ensure the normal operation of the pension insurance. If the insured person is allowed to pay back, the pension fund can increase a lot of income in the short term, but in the long run, the payment pressure of the pension fund is relatively large, especially in the case of the growing elderly population, the operation of the pension insurance should be carried out steadily.

In fact, the old-age insurance in our country belongs to pay-as-you-go, that is, the old-age insurance premiums collected now are transferred to the payment of pensions, and the old-age insurance can operate normally by maintaining a relatively stable balance. If the insured person is allowed to pay a large sum of money, this balance may be broken and the normal operation of the old-age insurance will be affected.

Pension = basic pension+personal account pension. When the basic pension insured retires, the average monthly salary of the local employees in the previous year+the average monthly salary of my own indexation) ÷2× the accumulated payment period of individuals × 1%.

I index the average monthly payment salary. When the insured retires, the average monthly salary of employees in the province in the previous year × the average wage index of the insured. The insured pays the basic old-age insurance premium to the required retirement age. Personal account pension = personal account/coefficient.

Calculation formula of retirement fee: employee pension = basic pension+personal account pension. When the basic pension is retired, the average monthly salary of local employees in the previous year+my indexed monthly average salary) ÷2× individual cumulative payment period × 1%. Personal account pension = total amount of personal account storage/cumulative payment months.

Those who participate in the social pooling of the basic old-age insurance for employees of urban enterprises in this city have reached the retirement age stipulated by the state, and the actual payment period (including deemed payment period, the same below) is over 15 years, and the basic pension is paid monthly.

According to the latest pension calculation method, employees' pension consists of two parts:

Pension = basic pension+personal account pension

Personal account pension = personal account storage amount ÷ calculation months (50 years old 195, 55 years old 170, 60 years old 139, 120 is no longer unified).

Basic pension = (average monthly salary of employees in the whole province in last year+average monthly payment salary indexed by myself) ÷2× payment period × 1% = average monthly salary of employees in the whole province in last year (1 average payment index by myself) ÷2× payment period × 1%.

Note: My indexed monthly average payment salary = last year's average monthly salary of employees in the whole province × my average payment index.

Under what circumstances can I apply for retirement?

(1) Male employees are over 60 years old, female cadres are over 55 years old, and female employees are over 50 years old, with continuous service or working years 10 year.

(2) Workers who are engaged in underground, high altitude, high temperature, heavy physical labor and other jobs harmful to health, men are over 55 years old, women are over 45 years old, and their continuous working years or working years are over 10 years.

(3) Workers who have worked continuously for 10 years, and have been completely incapacitated by the hospital and confirmed by the labor appraisal committee.

(4) Disabled due to work and completely incapacitated by hospital appraisal (the laborer is confirmed by the labor appraisal committee). According to the Regulations on Work-related Injury Insurance, if an employee is identified as a first-class to fourth-class disability due to work-related disability, he/she will retain his/her labor relationship, quit his/her job and enjoy disability allowance on a monthly basis; Workers with work-related injuries who reach retirement age and go through retirement formalities will stop receiving disability allowance and enjoy basic old-age insurance benefits. If the basic old-age insurance benefits are lower than the disability allowance, the industrial injury insurance fund will make up the difference.

Procedures for the retirement of workers:

1. When the worker reaches the statutory retirement age and the old-age insurance premium is paid to the month of retirement, the employees of the enterprise shall report to the Retirement Management Section (or the Pension Treatment Section) of the Social Insurance Center to stop paying, and print the list of old-age insurance.

2 enterprise employees shall submit the required materials for retirement approval. Materials to be reported:

(1) employee file;

(2) Handbook of employee pension insurance;

(3) the original second-generation ID card;

(4) Approval Form for Retirement of Enterprise Employees;

(5) social insurance payment invoice.

In fact, the calculation formula of pensions everywhere is basically the same. However, the average monthly wage coefficient of employees will change constantly, and with the passage of time, the average monthly wage of employees will be higher and higher. In this case, the pension standard that the parties can receive after retirement will be higher and higher. However, with the arrival of China's aging society, the financial pressure of pension insurance institutions is still great.

Legal basis:

Article 15 of the Social Insurance Law of People's Republic of China (PRC)

The basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.