Source: Warm Heart Finance said
In 2024, in Sichuan Province to participate in the pension insurance payment of flexible employment personnel, the lower limit of the payment base (60% grade) is temporarily 4,246 yuan, and 849.2 yuan needs to be paid per month, so it is estimated that at least 10,190.4 yuan will be paid a year. In 2022, the per capita consumption expenditure of mainland residents will only be 24,538 yuan, and how much pension treatment can be generated after 15 years with such a high pension insurance payment?
In fact, the upper and lower limits of the payment base in Sichuan Province are at a medium level in the country, which is similar to that of several traditional pension insurance provinces such as Shandong Province, Zhejiang Province, Jiangsu Province, Liaoning Province, and Chongqing Municipality.
The pension treatment generated by participating in the pension insurance payment mainly includes the basic pension and the personal account pension, and the specific calculation formula is unified across the country. However, on the basis of national unification, there are also local characteristics.
The basic pension part is equal to the average social wage × of the province in which the retirement is located in the previous year (1 + the average contribution index of the person) ÷ 2× the payment period ×1%.
Ideally, 60% of the contributions for 15 years would result in an average contribution index of 0.6. In this case, the basic pension will be unified at 12% of the average salary of the previous year of retirement.
However, in recent years, due to the transition to the full-caliber social average wage, the pension calculation base that is higher than the full-caliber social average wage is temporarily used. In 2023, the pension calculation base in Sichuan Province will be 8,079 yuan, which is about 1,000 yuan higher than the full-caliber average salary of 7,076 yuan in the previous year in 2023. However, over time, merger will definitely be achieved.
Assuming that the average salary of the whole caliber can increase by 5% per year, it will reach 14,710 yuan in 15 years. According to the calculation of 12%, it will be 1765 yuan / month.
The pension part of the personal account is equal to the balance of the personal account of the pension insurance ÷ the number of months determined by the retirement age.
Since the insurance contributions are credited to the personal account according to 8% of the contribution base, interest will also be calculated every year.
If we assume that the growth rate of the average social wage and the interest rate of the personal account are the same, in fact, the amount of money in the personal account in the future will be the same as the principal credited to the personal account generated by the last year's payment. That is to say, the balance of the personal account at the time of retirement will be 15 times that of the last year, 14,710 yuan× 60%, × 8%, × 12×15 years, and the final result is 127,000 yuan.
At present, it is 60 years old and 139 months, 50 years old and 195 months, and 55 years old and 170 months, but the relevant number of months has been implemented since 2005, and the state has made it clear that it will be revised and improved during the 14th Five-Year Plan period, and it is expected that it will definitely change after 15 years.
The number of months of hypothetical design is unified at 200 months, and the monthly personal account pension is 635 yuan.
Finally, the sum of the basic pension and the personal account pension is 2,400 yuan/month, which is about 16% of the level salary.
According to the current payment of pension insurance, in the case of an annual increase of 5% in the payment base, a total of 219885 yuan needs to be paid in 15 years. If you retire in the future and have a pension of 2,400 yuan per month, and it will increase year by year, it will be guaranteed for a lifetime, which is indeed a very cost-effective thing.
Sichuan Province is a large province of retirees in the country, with 10.066 million insured people in 2022, but the per capita pension level is not high, only 2848.88 yuan. If you have a pension of 2,400 yuan, it's really good.
In addition, participating in pension insurance and receiving a pension is only the beginning. After retirement, the pension will continue to grow every year, and the lower the pension level, the higher the level of growth. In the event of the death of the insured person, the family members can receive funeral allowance and pension benefits. Overall, it's a great deal.