At present, the legal retirement age in most developed countries is 65 years old

How much money can foreigners receive after retirement?

Time: 2005-08-01 15: 06 Source: China Economic Weekly

The special taxes paid by taxpayers are the main source of funds for the basic pension security systems in some European and American countries. Then, when the legal retirement age of 65 is reached, taxpayers can How much pension do you get?

In European and American countries and regions, more than 90% of retirees do not rely solely on receiving the basic pension provided by the government for their retirement. These countries also have a very developed auxiliary network to ensure elderly care. For example, the United States implements indirect fiscal transfers in tax policy to support the pension system; Germany spends tens of billions of euros every year to support the operation of its huge pension security system.

The sources of pensions vary from country to country. In the United States, employers and employees each pay a tax of 6.2% of salary income to form a dedicated "Social Security Fund." 85% of it is used to pay pensions, and 15% is used to pay other social security funds such as disability pensions, survivors and orphans pensions. In France, the employer pays 8.2% of the basic pension and the employee pays 6.55%; France’s funding for survivors and orphans benefits comes from the employer paying 5.4% of the employee’s income as a subsidy for needy families.

Retirement wages vary

In many countries, there is no fixed amount of pension for retired employees. It depends on the retirement age, annual salary and years of work, and the position of employment. Those with a small amount will not receive 50% of the original salary; those with a large amount can receive more than 100% of the original salary.

Swedish pensions are divided into two parts, one is the basic pension income, and the other is the "pension supplement", which is unique to Sweden. "Pension Supplement" is determined based on the income and tax situation before retirement. The longer the service period and the higher the salary, the more "Pension Supplement" is accumulated, and the more pension can be received after retirement.

In France, the situation is different. France is recognized as a country in the world that implements social welfare relatively "generously". General employees can receive a pension of 50% of their original salary after retirement, while civil servants can receive a pension of 75% of their pre-retirement salary. French law stipulates that you must pay 160 quarters of pension insurance and apply for retirement after reaching the age of 65 before you can enjoy your pension in full and in proportion. The basis for calculating the original salary income of general retirees in France is the average of the best 25 years of the individual's income. For example, if a person’s monthly income in the best period of his life is 4,000 euros (about 40,000 yuan), his monthly income in the worst period is only 1,000 euros, and his average monthly income in the best 25 years is 2,500 euros, then he can The pension received is 1,250 euros. For those who have reached the age of 65 but have not paid a full pension, their pension will be reduced proportionally. For example, assuming that a person reaches the age of 65 but has only paid 90 quarterly pensions, and the average monthly income for 25 years is 2,000 euros, he can only receive a pension of 562.5 euros (90÷160×2,000 euros×50%) . It seems that the number of years of pension payment has a great impact on pension income.

Encourage people to be active in old age

Currently, the legal retirement age in most developed countries is 65. The United States and Germany will raise the retirement age to 67 in the next few years. These countries encourage people to stay in the workforce beyond mandatory retirement age. The British mantra is "Entrepreneurship begins only at the age of 50." The slogan of a company erected on the street in Cologne, Germany, already demonstrates the changing views of Western countries on the issue of the elderly: "55 is too old? We even hire 65-year-olds."

Western countries currently implement incentive policies in various aspects for those who continue to work after reaching the statutory retirement age. In Finland, the pension you receive when you retire at the age of 65 can be up to 40% more than when you retire at the age of 60. Americans who have reached retirement age but are still willing to work will be rewarded with a pension of more than 10% for every additional year of work until they officially retire. In fact, the United States has adjusted the retirement age many times in recent years. The current retirement age is 65 years and 6 months, and will be extended by two months every year until it is extended to 67 years old. Not long ago, U.S. Senator Hagel proposed a bill to raise the retirement age to 68.

This is indeed the case. On the one hand, governments in Western countries have been "panicked" by the huge pension gap and the arrival of an elderly society; on the other hand, company decision-makers are currently re-examining the use value of retirees and are keen on providing services to the elderly. "Waste heat" is developed. According to statistics from the U.S. Department of Labor, between 1994 and 2004, the employment rate of older men aged 65 to 69 increased from 27% to 33%, and the employment rate of women also increased from 18% to 23%.