Generally, you have to pay for 15 years before you can enjoy the pension for life when you retire, so people who want to get the pension must start paying 15 years before they retire. If you have paid pension insurance for less than 15 years at retirement age, the state will refund all the 8% pension saved in your personal account to you when you retire. Where's the 21% that the company gave you? The state has allocated 21% of the money paid by the unit for you to the national pension fund. According to the state regulations, when refunding money, only the money withheld by the individual will be refunded, and all the money paid by the unit for him will contribute to the country. How is the retirement pension calculated? The algorithm of pension is very complicated, and the country will change the payment base once a year. If you are 3 years old now, your current payment base is 3, yuan, and if the retirement age is 55 years old, you must start to pay the old-age insurance before you are 4 years old. If you start to pay at the age of 3 now and pay at the age of 55 for 25 years, you must first enjoy the pension. Secondly, If the payment base of 3, yuan you paid in 25 years has become 6, yuan, then at the age of 55, you can get a basic pension of 6,× 2% = 1,2 yuan every month, which is given to you by the state. Besides, you have accumulated a lot of money in your personal account in 25 years. Just average the payment base. (3,+6,) ÷. Then you should have 4,5× 8% (the proportion of individuals who have paid endowment insurance) × 25× 12 months = 18, yuan in your personal account in the past 25 years. In addition to the previous 1,2 yuan, you can get 18, ÷ 12 = 9 yuan every month, so that you can get at least 1,2+9 yuan every month from the age of 55. In this way, in addition to your own 9 yuan each year, you will get more than 1,2 yuan every month after retirement, and your pension will certainly increase. Therefore, the more you pay for old-age insurance, the better. The more you pay, the more you will enjoy after retirement. Moreover, after the national base is adjusted every year, you will get more and more money. Now it is possible to get 1,5 yuan after paying 1, years. However, no matter where you pay the social security fee, when you retire, you can only go back to your registered permanent residence to enjoy the local retirement benefits. Therefore, people who pay social security in places with high base but enjoy pensions in places with low base will lose a lot. Why do you say that? If you worked in Nanjing when you were young, paid social security for 2 years and then retired, but if your registered permanent residence is in Heilongjiang, you must go back to Heilongjiang to enjoy the pension. If you have paid in Nanjing for 2 years, the average base is 3,, and when you retire, the contribution base in Heilongjiang is only 1,, then you can only enjoy the treatment of 1, when you retire! This is a loss! In a word, if you pay social security in a rich place but go back to a poor place to enjoy social security when you retire, you will pay a lot but enjoy very little in your life! Paying 3 yuan may only enjoy 1 yuan! This is a terrible thing, but there is nothing we can do. This is the policy of the state. Therefore, please pay attention to social security for all the places with low base but high base, such as Beijing or Shanghai. You can either pay social security in the west or move your account to Beijing or Shanghai before retirement, otherwise you will be doing a huge loss-making business in your life. Maybe you will say that if you pay in a place with a low base, you will return to a place with a high base to enjoy high benefits when you retire. Wrong! Do you think the labor and social security department will just let you enjoy it? Under normal circumstances, the government will find a reason to directly refuse your transfer! At that time, you will be smarter than you are: you can't enjoy it in Heilongjiang and you can't enjoy it in Nanjing! However, some places have some relaxed regulations on this situation. For example, Nanjing allows you to transfer back to Nanjing from a place with a low base five years before retirement, and then continue to pay a high base in Nanjing for five years, and then allow you to return to Nanjing to enjoy a pension. This policy is estimated to be different in different places. Those who intend to transfer had better go to your local labor bureau to find out this problem now, so as to avoid unexpected accidents when you retire!

Generally speaking, the more you pay for this pension, and the higher the regional base where you enjoy the pension, the more you will get in the end after retirement. Generally speaking, it must be a good deal for you, because the unit pays much more for you than yourself.

Further reading: How to buy insurance, which is better, and teach you to avoid these "pits" of insurance.