Rural social security occupational pension can not be paid at the same time

I. New rural insurance contributions

(A) individual contributions. Rural residents participating in the new rural insurance should pay the required pension insurance premiums. Contribution standards are currently set at 100 yuan per year, 200 yuan, 300 yuan, 400 yuan, 500 yuan five grades, the localities can be based on the actual situation of additional contribution grade. Participants independently choose the level of contribution, and the more they pay, the more they get. The State will adjust the contribution levels in due course according to the growth of the per capita net income of rural residents.

(ii) collective subsidies. The conditions of the village should be subsidized by the collective contributions to the participants, the subsidy standard by the villagers' committee held a villagers' meeting to determine the democratic. Encourage other economic organizations, social welfare organizations, individuals to provide financial support for participants' contributions.

(C) government subsidies. The government pays the full amount of the basic pension of the new rural insurance to the participants who meet the conditions for receiving it, of which the central government grants full subsidies to the central and western regions in accordance with the standard of the basic pension determined by the central government, and grants 50% of the subsidies to the eastern regions.

Local governments shall subsidize participants' contributions, with the subsidy standard of no less than 30 yuan per person per year; appropriate incentives may be given to those who choose a higher-grade standard for contributions, with the specific standards and methods to be determined by the people's governments of the provinces (autonomous regions and municipalities). For groups with difficulties in making contributions, such as severely disabled persons in rural areas, local governments pay part or all of the minimum standard pension insurance premiums on their behalf.

Second, the proportion of urban social security contributions: this part of the individual contributions and unit contributions

(1) individual contributions

According to the employee's own average monthly salary for the previous year (the minimum number of 60% of the city's workers' wages in the previous year; the maximum number of 300% of the city's workers' wages in the previous year) of 8% of the payment.

(2) The unit contribution

is based on 22% of the employee's average monthly salary in the previous year.

Originally, the old policy was that all personal contributions and 3% of the unit contributions were credited to the individual pension account, and 19% of the unit contributions were transferred to the social pool, while the new policy will transfer 3% of the unit contributions to the social pool to solve the problem of empty pension accounts.

The formula for calculating the pension:

Monthly pension = basic pension + individual account pension

The basic pension is calculated at 20 percent of the average monthly salary of city workers in the previous year when the person retires, while the individual account pension is calculated by dividing the amount of money stored in the person's account by 120.

Through the above formula, the amount of personal account pension will directly affect the amount of monthly pension after retirement.

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