Pay more for social security, and get more for retirement?

Yes, the more social security contributions, the more pensions. The pension received after retirement generally consists of two parts: one is the basic pension, which is paid by the social pooling fund and paid according to a certain proportion of the average social wage at that time; The other part is the personal account funds formed by individual's early payment of endowment insurance. Although we advocate paying more and getting more, according to our own economic situation, we can pay more for a few years if we can, and the length of service for one year is more every month, and it is also rising much.

First of all, pension benefits are mainly related to four factors.

① the length of the payment period

Paying 15 or 30 years directly affects the pension benefits after retirement. However, the payment of 15 years is only the minimum requirement for enjoying the pension.

② Payment level

The level of payment will also directly affect the pension benefits after retirement.

③ The average social wage at retirement.

Note that the average social wage refers to the average monetary wage earned by employees of enterprises, institutions and institutions in a certain period of time.

④ Affected by retirement age.

Whether you retire at the age of 55 or 60, when calculating personal account pension, the number of months is different. The later the retirement age, the fewer the number of months, and the personal account pension may be slightly higher.

Second, do individuals pay social security and units pay social security, and receive the same pension after retirement?

First of all, let's understand the meaning of life insurance. Personal insurance refers to the purchase of social insurance in the name of individuals, that is, self-employed, freelancers and employees with flexible working hours pay social insurance themselves, and also provide basic protection for their future lives.

The proportion of individual contributions is 20%, of which 8% goes into individual accounts. The contribution rate is also 20%, but you only need to pay 8% premium. Because the contributions of individuals and units are calculated according to the retirement pension scheme, as long as the basic payment amount and payment period are the same, individuals and units in the same area have the same payment treatment, that is, the pension treatment is the same. Examples. If both individuals and units are insured, the payment base is 5,000 yuan, and the individual payment base is 8%, then there is 400 yuan in the personal account, and the payment base of the insured unit is calculated according to 400 yuan. Therefore, if the payment base and payment period are the same, the pension received by individuals and unit insured persons is the same, and there is no difference.

Legal basis: Article 15 of the Social Insurance Law of People's Republic of China (PRC) 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.