Recently, the People's Social Welfare Department of Shandong Province and other departments jointly issued the Notice on Improving the Basic Old-age Insurance Policy for Residents, which improved the payment level of old-age insurance for urban and rural residents and made it clear that it would continue to improve the level of old-age benefits. In addition, issues such as regulating the interest rate of individual accounts and receiving pensions repeatedly have been clarified.
This time, the payment level of endowment insurance for urban and rural residents has increased by 8000 yuan. At present, some places have started the centralized payment of urban and rural residents' pension insurance in 2023, and areas without conditions can implement the new highest level next year.
The document makes it clear again that the pension insurance benefits are overpaid. Paying according to the grade of 8000 yuan will definitely form a higher pension, but can you get a monthly pension of 1000 yuan? Let's look at it according to the calculation formula of urban and rural residents' pension.
The pension calculation formula of urban and rural residents' old-age insurance mainly includes basic pension and personal account pension.
The basic pension is a part of the central and local financial subsidies. The central and western regions and old industrial bases are fully subsidized by the central government, and the eastern regions such as Shandong Province are subsidized by the central government in half.
From July 1 2022, the national minimum standard of basic pension will be adjusted to a monthly 98 yuan. Shandong Province issued a notice in September this year, explicitly raising the minimum standard of basic pension in the whole province from 150 yuan to 160 yuan every month. It is expected to benefit the whole province160,000 elderly people. Shandong province also encourages all localities to continue to raise the minimum standard of basic pensions. For example, Qingdao used to be a monthly pension for 200 yuan, and it is expected to increase to at least 2 10 yuan per month.
Personal account pension is equal to the personal account balance of endowment insurance139.
Personal accounts for urban and rural residents' endowment insurance generally consist of four parts. The first is individual contributions, and all individual contributions of urban and rural residents' endowment insurance are credited to personal accounts. In case of death, the balance can be inherited, so there will be no loss. Secondly, the subsidy given by the state, the standard of Shandong Province is that the payment is lower than that of 350 yuan, and the government subsidizes 30 yuan; Pay 500 yuan by grade, and the government subsidizes 50 yuan; According to the grade above 800 yuan, the government subsidy is not lower than that of 80 yuan. Third, conditional areas can also give collective subsidies to insured residents, such as landless farmers. Fourth, the interest accumulated in personal accounts over the years.
If the payment is made according to the grade of 8,000 yuan, the government will subsidize 80 yuan to enter the personal account together, and there is no collective subsidy. The principal can be accumulated in 1, 2 1 and 200 yuan 15.
How much interest can 15 accumulate? In the past, the personal account interest rate of endowment insurance in Shandong Province was based on the bookkeeping interest rate of employee endowment insurance. This bookkeeping interest rate is actually very high, which has been above 6%~8% in recent years. If the corresponding income is not realized, it is estimated that financial subsidies will be borne, and eventually empty accounts will be formed.
In 20021year, Ministry of Human Resources and Social Security and the Ministry of Finance issued the Notice on Standardizing the Bookkeeping Interest Rate of Individual Accounts of Basic Old-age Insurance for Urban and Rural Residents, which was implemented in Qinghai and Gansu successively. The Bookkeeping Interest Rate was SRC = "/50/V2-8D6F78E2E6981B7C8B8875A06045. JPG。 Source= 1940ef5c"/ > According to the requirements of this circular, Shandong Province will further standardize the interest rate of individual accounts in accordance with the relevant provisions of the state, and put the income into individual accounts by bookkeeping to safeguard the rights and interests of the insured.
The bookkeeping interest rate of personal accounts is determined by the Provincial Department of Human Resources and Social Security and the Provincial Department of Finance according to the benchmark interest rate of RMB one-year deposits of financial institutions published by the People's Bank of China, and after comprehensive calculation of the fund income of the previous year. The execution period of personal account bookkeeping interest rate is 10/month 1 to 1 February.
If the annual interest rate of 15 is 5%, and you retire after 15 years (the annual interest is calculated after the last year's payment), you can finally earn interest of 6 1, about 800 yuan.
In this way, the sum of principal and interest reached 10,000 yuan.
Individual pension is equal to 10000 yuan divided by 139, and the monthly 1.3 1.6 yuan is obtained.
If the basic pension can rise to 300 yuan after 15, then the final pension will be more 1600 yuan.
Therefore, if you pay 15 years on time according to the highest grade, it is entirely possible to receive a pension above 1500 yuan every month. This kind of old-age insurance is relatively more secure, and the payment level is locked, so it will not lose money.