The part paid by individuals all goes into individual accounts, forming the balance of individual accounts, and the state will also give some subsidies, and collectives with conditions can give subsidies. However, many people's payment grades are not high, usually only a few hundred yuan a year. If the balance in the personal account is 15000 yuan, you can receive a personal account pension of about 108 yuan per month.
The sum of the two pensions is only 28 1 yuan per month.
The pension with higher pension benefits is the basic old-age insurance pension for urban workers. The specific calculation formula is as follows:
Basic pension mainly includes basic pension, personal account pension and transitional pension. Among them, the transitional pension is mainly the payment period before 1995. Because the personal account system was not implemented at that time, Jiangsu Province calculated the virtual value of a personal account.
If you are insured after 1996, the corresponding pensions are only basic pensions and personal account pensions.
The basic pension is related to the average social wage, payment period and my actual payment index. Assuming that my average payment index (my average payment grade) is 0.6 when the old-age insurance payment is implemented, I can receive 0.8% of the average social salary (or the pension base of the current year) in each payment period; The average payment index is 1, which is1%of your social wage for one year; If the contribution index is 3, the social wage is 2%.
The pension base for retirees in 2020 will be 7602 yuan, and it is estimated that the pension base for retirees in 202 1 year will be between 7800 yuan and 8000 yuan.
Personal account pension is equal to the balance of personal account divided by the number of months determined by retirement age. Retirement at 50 is 195 months, retirement at 55 is 170 months, and retirement at 60 is 139 months. Personal account balance can be inquired through the service website of the local social security department.
The rule formed after 2005 is that the monthly payment is transferred to personal account according to 8% of the payment base, which is equivalent to the part borne by employees themselves; Flexible employees only account for about 40% of all individual contributions. Interest is calculated according to the published bookkeeping rate every year, and the bookkeeping rate of individual accounts for endowment insurance is uniformly announced by the state from 20 16. 20 16 years is 8.3 1%, and it has been above 6%~8% in recent years.
If payment is started in 2000, the average payment index is 0.6, the payment period is 20 years, and the personal account of endowment insurance is 50,000 yuan. When you retire at the age of 60:
The basic pension can receive 16% of the average social wage in the retirement year, which is about 1248 yuan to 1280 yuan.
Personal account pension, equal to 50,000 yuan divided by 1.39 months, can receive about 360 yuan.
The total of the two parts is about 1600 yuan to 1640 yuan.
Everyone's pension insurance payment period, payment base, retirement age and other factors are not necessarily the same, so the pension will be different.