Old-age insurance is an insurance system set up to protect the basic life of the elderly. After paying the old-age insurance, you can receive the old-age pension after reaching certain conditions, and the proportion of the old-age insurance payment is still very high. Then, why is the proportion of the old-age pension payment so high? Let's take a look at it together. 1. Why is the pension payment ratio so high? It is determined by China's national conditions. Based on the current economic situation in China, China has gradually entered a deeply aging society, with the demographic dividend disappearing, the old-age support ratio increasing, the number of pension insurance payers decreasing, and the number of recipients increasing, resulting in a serious pension insurance deficit. Social security reform is an inevitable trend.

2. Is it OK to inherit the pension? 1. If the life span of an individual is long and the amount stored in the individual account is insufficient to pay, the pension in the individual account will be transferred to the overall fund to ensure that the pension in the individual account can continue to be paid. If the insured person dies, the balance of his personal account can be inherited according to the provisions of laws and regulations. "There is no so-called problem of confiscation of pension after death." 2. China's basic old-age insurance is a combination of social pooling and personal account, in which a personal account is established according to the amount of 8% of my contribution salary. Personal accounts are mainly used for the pension of the insured, and in principle, they may not be withdrawn in advance. If the insured reaches the statutory retirement age and has accumulated contributions for more than 15 years, they will receive the basic pension on a monthly basis. The basic pension includes two parts: one is the basic pension, and the other is the personal account pension, in which the basic pension is paid from the overall fund, and the personal account pension is paid from the storage amount of the personal account.

third, the calculation method of pension payment must first be clear. How much social security pays each month is determined according to the base of insurance payment. The payment base is assumed to be 3, yuan, with the unit paying 2% of the endowment insurance (6 yuan) and the individual paying 8% of the endowment insurance (24 yuan). There are generally many grades of payment bases in various places, with a lower limit and a highest upper limit. The base is selected according to the actual situation. Similarly, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance are all withheld according to the selected payment base and then according to the proportion of different types of insurance. The method is the same as above. According to the Labor Contract Law and the relevant laws and regulations of social insurance, enterprises should pay social insurance based on the average salary of employees in the previous year or the salary agreed upon when they first joined the company.