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How much can you get a month for farm insurance retirement
The monthly pension received by the farm insurance is divided into two parts: the basic pension and the personal account pension; if you pay 1,000 yuan a year for 15 years, the total balance of the personal account will be about 15,000 yuan. Upon retirement, the total amount of the individual account is divided by 139, plus the locally stipulated basic pension, which is the amount received each month. The exact amount will vary according to the participant's contribution time, contribution grade, and the region where the participant is insured, with the lowest getting about 100 yuan per month, and the highest ranging from 800 to 1,300 yuan. Therefore, the exact amount of money you can receive needs to be determined by referring to the pension insurance policy of your region.
Calculation of agricultural insurance benefits:
1. Basic pension: each region determines the standard of basic pension according to the level of local economic development and financial situation;
2. Individual account pension: the amount of accumulated contributions to the individual account divided by the number of months of accrued contributions, which is usually determined according to the expected life expectancy at the time of retirement;
3. Years of contributions Subsidies: some regions will give certain subsidies according to the length of the contribution period;
4. Policy increase: in order to improve the level of pension insurance treatment, some regions will increase the amount of pension according to the policy.
In summary, the amount of money you can get in a month when you retire from agricultural insurance depends on the sum of the individual account pension and the basic pension, and the specific amount will vary according to the participant's contribution time, the contribution level and the region where the participant is insured, with a minimum of about 100 yuan and a maximum of 800-1300 yuan. Therefore, it is necessary to determine the exact amount of money you can receive according to the pension insurance policy of your region.
Legal basis:
Guiding Opinions on Launching New Rural Social Pension Insurance Pilot Programs
Article 7
Elderly people with household registration in rural areas who have reached the age of 60 and are not entitled to basic pension insurance for urban workers can receive a monthly pension. At the time of the implementation of the new rural insurance system, those who have reached the age of 60 and are not entitled to basic pension insurance for urban workers do not have to make contributions and can receive a monthly basic pension, but their children who are eligible to participate in the insurance should participate in the insurance and make contributions; those who are less than 15 years away from the age of receiving the insurance should make contributions on a yearly basis, or are allowed to make compensatory contributions, with the cumulative contribution not exceeding 15 years; those who are more than 15 years away from the age of receiving the insurance should make contributions on a yearly basis, with the cumulative contribution being not less than 15 years. Young and middle-aged farmers should be guided to actively participate in the insurance program, make long-term contributions, and receive more benefits for longer contributions. The specific measures are stipulated by the people's governments of the provinces (autonomous regions and municipalities).
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