Individuals can choose to pay pensions according to their income level. The payment grade of social endowment insurance is between 60% and 300%. The insured begins to pay endowment insurance at the age of 35, and the payment period is 25 years if he retires at the age of 60. If calculated according to 60% of the lowest payment grade, the pension that can be received for retirement is about 1700 yuan. If Bu Beixiang pays according to the grade of 100%, then the pension he can receive after maturity is about 2500 yuan. If economic conditions permit, choose a higher level of pension insurance, then you will get more pension. However, from the perspective of cost performance, it is entirely possible to choose a grade of 60%. In addition, you can also choose a payment base that matches your income level, and the pension will be higher.

Legal basis:

People's Republic of China (PRC) social insurance law

Tenth employees should participate in the basic old-age insurance, and employers and employees should pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.