As the leader of western developed countries, the United States is also one of the richest countries in the world. What is their pension level?
The full name of the old-age insurance system in the United States is old-age, survivor and disability insurance, which was established from 1935.
Through the comprehensive collection of social security tax (federal insurance contribution tax or social security payroll tax) to raise the corresponding insurance funds. Can I not hand it in? Actually, it's very difficult.
Social security contributions in the United States have been taxed, which is compulsory and unpaid. The IRS is the strictest institution in the world. Someone once joked that "only death and taxes are inevitable in America". Almost all Americans have to pay taxes, but if the family is really in difficulty, they can apply for tax refund, and the tax efficiency is still very high.
Social security coverage in the United States is as high as 94% of the total number of employed people. Relatively speaking, China's pension insurance coverage rate is only about 43%.
The social security tax rate in the United States is 12.4%, and the base of payment wages is also capped. In 2008, it was10.2 million USD, with an average of 8,500 USD per month.
In the United States, the prerequisite for receiving pension insurance is to meet the eligibility points (QC) for pension application. Only by paying a certain social insurance premium a year can you accumulate one point, up to four points a year. Accumulate more than 40 points to apply for a pension.
The main characteristics of American old-age insurance are early start, difficult collection and low treatment. The old-age insurance system in the United States was implemented by the Social Security Act signed by Roosevelt in 1935. The initial pension was one-off, and the monthly pension was not received until 1940. At first there was only a few cents a month.
The pension age in the United States was set at 65 at the beginning, and later some flexibility was established. Women and men have been allowed to receive it five years in advance, but according to the time of receiving it in advance, a certain proportion of the full pension will be increased. If you receive a pension five years in advance, your salary will be reduced by 30%.
Americans don't have to retire when they reach the age, and there are laws to protect the employment of the elderly. If you choose to delay receiving your pension, you will actually increase your pension in proportion. A five-year delay in receiving a pension can increase the full pension by 30%. But a five-year delay is the limit. This also shows that the United States does not encourage long-term employment of the elderly.
The American pension system is a certain range of overpayment and overpayment. For example, in order to prevent some elderly people from working long hours, the payment period for calculating the use of pensions is actually only 35 years.
Pensions in the United States are based on the highest average monthly income in 35 years and are calculated in proportion by stages. Pension insurance contributions for 40 years and 50 years will only choose the one with the highest monthly income in 35 years.
The calculation process of pension is mainly divided into three sections according to the monthly income level. The pension is paid 90% below the first turning point, 32% between the first and second turning points, and 15% above the second turning point.
For example, the average monthly income for 35 years is $8,500, and the two turning points in 2008 are $7 1 100 million and $4 1.88 respectively, so the actually calculated maximum pension is only $2,270. At present, most Americans' pensions are between 1200 and 1700 dollars.
In fact, the national pension in the United States can only provide a small part of protection for everyone, and the pension replacement rate is only 40%. If you want to get a higher pension, you must work hard on your own. The United States has also established the corresponding annuity plan (40 1K), individual pension (IRA) plan and so on. In the future, China will also vigorously develop enterprise annuities and personal pensions.