8, yuan per year, and you can get about 12, yuan after 15 years. Suppose you choose to pay 8, yuan for the endowment insurance for urban and rural residents, then in fact, it will remain unchanged in the past and the next 15 years. Such a consumption level is 8, yuan, which means that we can even estimate that the total amount of your personal account will be about 12, yuan after 15 years. Monthly pension = basic pension+personal account pension; The monthly standard of basic pension is based on the average monthly salary of employees in the last year of this Municipality and the average monthly salary of my indexation, and the payment is issued to 1% every full year. The monthly standard of personal account pension is the amount of personal account storage divided by the legal number of months (commonly, 5-year-old retirement is 195 months, 55-year-old retirement is 17 months, and 6-year-old retirement is 139 months).

Take the company's payment of social security for employees in cities and towns as an example. At present, the proportion of individual pension insurance payment in China is 8%, so it is calculated that the social security (including pension insurance) payment base is (8÷12)÷8%=8334 yuan.

It is known that the payment base of the old-age insurance is 8334 yuan, and the payment period is 15 years. Assuming that employees retire after 15 years, the average monthly payment index of the previous year is 1, yuan, the legal retirement age is 6 years old, and the total principal and interest of the personal account is 13, yuan.

the basic pension in the month of retirement is: 1×(1+1.5)÷2×15%=1875 yuan;

personal account pension is: 13, ÷ 139 = 935 yuan;

summary: if the employee's social security pension insurance is paid at 8, yuan/year for 15 years and the average monthly salary of the employee in the previous year is 1, yuan, the total pension of the insured person in the month of retirement is 1,875+935 = 2,81 yuan.

how long will it take to pay back the old-age insurance fees paid by receiving the pension?

social security and old-age insurance for urban workers is paid at 8, yuan/year, and the total payment for 15 years is 12, yuan. In the month of retirement, the pension is 281 yuan. According to the 5% increase of pension over the years, the payback period of 12, yuan is about 3 years.

That is to say, a male insured person who participates in social security for urban workers can retire at the age of 6 and receive a pension. As long as he is in good health and receives a pension normally, he can return the pension insurance fee paid by himself before the age of 64. From the age of 64, the pension he will receive later will be earned.

Because there is no time limit for receiving a pension, you will benefit all your life. Therefore, if you live to the end of your life, the longer you live, the more you will earn a pension.

if the insured person dies of sudden illness under the age of 63, the rest of the personal account can also be inherited by his family, and he can enjoy the funeral expenses and subsidies paid by the social security pooling fund, and the individual has no loss of the old-age insurance fees paid.

legal basis

article 11 of the social insurance law of the people's Republic of China

the basic old-age insurance shall combine social pooling with individual accounts.

The basic old-age insurance fund consists of contributions from employers and individuals and government subsidies.

article 12 an employer shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state and record it in the basic old-age insurance pooling fund.

employees should pay the basic old-age insurance premium according to the proportion of their salary stipulated by the state and record it in their personal accounts.

individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual account respectively.

article 13 before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums that should be paid during the period of deemed payment shall be borne by the government.

when the basic old-age insurance fund is under-paid, the government gives subsidies.