Generally, you have to pay 15 years, and you can enjoy the pension for life when you retire, so people who want to get the pension must start paying before you retire. If the pension insurance paid at retirement age is less than 15, the state will fully refund 8% of the pension stored in the personal account at retirement. What about the 20% that the company gave you?

The state has allocated 20% of the money paid by the unit for you to the national pension fund. According to national 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 to calculate the retirement pension? The algorithm of pension is very complicated, and the country will change the payment base once a year. If you are 30 years old now, your current payment base is 3,000 yuan. If your retirement age is 55 years old, you must start paying endowment insurance before you are 40 years old.

And if you start paying at the age of 30 now, and it will take 25 years to pay at the age of 55, then you can definitely enjoy the pension first. Secondly, if the payment base of 3,000 Yuan You becomes 6,000 yuan after 25 years, you can get a basic pension of 6,000× 20% =1.200 yuan every month when you are 55 years old, which is given to you by the state.

Besides, the money in your personal account has accumulated a lot in 25 years. Let's average the payment base, (3000+6000)÷2 = 4500, so your personal account in these 25 years should have 4500×8% (the proportion of personal pension insurance )× 25 years × 12 months = 108000 yuan, except for the first 65 years. You can still get 108000÷ 120=900 yuan every month, so you can get at least 1200+900=2 100 yuan every month from the age of 55. Of course, the national base is still rising every year, so every year except your own 900 yuan, you will get more money than 1200 yuan every month after retirement, and your pension will definitely increase. Therefore, the more pension insurance you pay, the better.

The more you give, the more you enjoy after retirement. And after the country adjusts the base every year, you will get more and more money. It is possible to pay 1000 now and get 1500 ten years later. However, no matter where you pay social security fees, you can only go back to your hukou and enjoy local retirement benefits when you retire.

How much is the monthly pension?

Under normal circumstances, enterprises pay 20%, and employees pay 8% pension. 8% of individual contributions go into individual accounts (private families), and 20% of company contributions go into overall accounts. In the overall account, in addition to the money paid by the people of the whole country, it also includes financial subsidies and investment income. The personal account is completely accumulated, and the money belongs to you completely.

For example, Xiao Wang's pension has been paid for 15 years, and his monthly salary is 5,000 yuan, so he and his company pay 5,000× 20%+5,000× 8% =1400 yuan every month. After 15, his pension will pay 252,000 yuan.

Precautions:

1. How much pension can I transfer when I change jobs?

According to the relevant regulations, the basic old-age insurance relationship can be transferred when you are employed across provinces. From one city to another, the personal pension can be completely transferred, and the unit can transfer 12% of the 20% pension paid for you.

Second, can the pension be withdrawn in advance?

According to the existing system, pensions are generally not allowed to be withdrawn in advance. There are two ways to withdraw personal account pension in advance:

One is to go abroad to settle down;

Second, the insured dies.

If you haven't paid 15 years when you retire, you can only extract the personal part. The social security we paid went into two accounts: the overall account and the personal account. If we die before retirement, the heirs can inherit the money in the personal account.

3. What are the conditions for receiving a pension?

1) reach the statutory retirement age;

2) The accumulated endowment insurance premium has reached 15 years.

4. Where does floating employment pension come from?

If Xiao Wang worked in A for 10 years and then worked in B for 5 years, where can he get his pension? According to the regulations, if the insured person is employed across regions, he/she shall go through the procedures for transferring the basic old-age insurance relationship. When the insured reaches the retirement age stipulated by the state, the place to receive pension benefits should be determined according to the principle of "household registration first, long before short calculation" and the payment period of the insured in each insured place.

1) If the insured place is consistent with the household registration place, you will receive a pension at the household registration place when you retire.

2) In case of inconsistency, it shall be determined according to the insured place where the insured payment has reached ten years.

3) If the insured has more than one insured place and the insured payment has reached ten years, the last one shall be determined to receive the treatment.

4) If the insured person has paid less than ten years in all insured places, the pension insurance relationship and related funds should be transferred back to the social security agency of the household registration.

5) The insured can go through the transfer formalities now, or directly transfer the endowment insurance to the receiving place before going through the retirement formalities.

Related content:

How much can I get a month after retirement?

One: You need to know the following common sense about endowment insurance first:

1. The highest payment base is 300% of the average monthly salary of employees in the overall planning area, and the lowest is 60% of the average monthly salary of employees in the overall planning area.

2. Endowment insurance is divided into two parts: social pooling and personal account.

3. Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank deposit interest rate, and interest tax shall be exempted.

4. If the insured dies, the personal account balance can be inherited.

5. Conditions for enjoying the basic old-age insurance: ① reaching the statutory retirement age and going through retirement procedures; (2) The cumulative payment period is 15 years.

Two: If you leave, what about social security? This is usually divided into two situations:

I left my job and have no job for the time being. Both endowment insurance and medical insurance can be paid by individuals, and how to handle them varies from place to place. It is recommended to consult the local social security bureau.

(2) For new jobs and new units, the payment can be continued, and the payment period of endowment insurance can be accumulated. Even if you change jobs and go to different cities, the endowment insurance can still be transferred and accumulated in different places. After reading the above calculation method, Youcaimi said that if you only rely on pension after retirement, your quality of life may be greatly reduced. According to the previous formula, it is a good situation that the replacement rate of pension personal salary can reach 20%, and the higher the income, the lower the replacement rate. Therefore, her financial management believes that for individuals, planning early is the last word. What are our countermeasures for this? Her financial management has the following three suggestions:

(1) Early planning: According to the inflation rate, income growth rate, return on investment, current income and expenditure level, current deposits and monthly income and expenditure after retirement, the funding gap at retirement can be roughly calculated.

(2) Save more money: actively invest in wealth management, and gradually increase the part of wealth management income with the growth of age to make up for the sharp decline in wage income after retirement.

(3) Buy insurance: Because it is difficult to guarantee a comfortable life after retirement by relying solely on pensions, her financial advice is that she might as well consider buying a commercial endowment insurance.

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