Pension insurance how long to live long enough to capital

Social Security: How long do you have to live after age 60 to get "enough"?

Social Security is a program where the longer you live, the more you get, and the more you receive.

Retirement, there is such a formula for calculating the pension: social wage * 20% + personal account * 1/120 and the sum of the social and personal contributions, obviously with the social level and the amount of personal contributions have a direct relationship. For the payment of time period and grade, generally for the local minimum living standard or so.

Additionally, after all, China is a populous country, the state introduced the social security is to solve the future of the pension, medical problems, reflecting the socialist principle of equalization, rather than widen the gap, and thus create contradictions, so even if the payment of more, are provided for the upper limit.

If you want to improve the quality of your old age, it is recommended that you buy some commercial insurance as a supplement to the social security system based on your actual financial situation.

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