Many young people are planning for their future pensions. From the perspective of the number of people we have insured, at the end of 2022, the number of employees insured by our employee pension insurance was 367.11 million, an increase of 17.94 million over the previous year. If we add in the number of retirees and deceased people who are about 8 million, the number of newly insured people in that year is about 26 million. That's actually more than the number of births 20 years ago by nearly 10 million. Therefore, many people are actively participating in employee pension insurance.
How much pension can I get if I participate in pension insurance?
If you pay pension insurance for 30 years according to the minimum base and retire at the age of 60, how should the pension be calculated?
According to our current retirement system, the pension generated by participating in pension insurance mainly includes two parts: basic pension and personal account pension.
(1) The calculation formula of the basic pension is the average social salary of the previous year × (the average contribution index of the person + 1) ÷ 2× the payment period ×1%.
According to the current regulations in most places, the minimum contribution level is 60% of the average salary of the previous year. For example, Shenzhen has always used the minimum wage as the lower limit of the payment base in the past, but from July 1, it will soon transition to the minimum payment base of Guangdong Province.
In addition, when calculating the average contribution index, the average salary of the previous year is used. Therefore, if the new upper and lower limits of the payment base are used on July 1, the average payment index in the first half of the year will still be lower than 0.6.
However, many provinces, such as Shandong Province, have been using the new upper and lower limits of the payment base since January 1, in which case the average payment index of the lower limit of the general payment base is 0.6.
When the average contribution index is 0.6, and the contribution period is 30 years, you can receive 24% of the average social salary of the previous year of retirement. At present, some places still calculate pensions based on the local pension calculation base, but with the passage of time, it will gradually transition to the full-caliber average salary of the previous year of retirement.
Some people will say that it is a bit low to receive 24% of the average salary after paying for 30 years? Think about it, our payment base is 60% of the average salary, and the payment base also includes the social security and provident fund personal burden, and the real income is about 50% of the average salary. It is not low to receive 24% of the average salary after 30 years of contributions, after all, this is only a basic pension.
(2) The formula for calculating the pension 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.
Personal account pension can be linked to the average salary in two cases. First, the average social wage will never change, and the interest rate of personal account accounting is also 0. Second, the interest rate of personal account bookkeeping is exactly equal to the growth rate of social average wages every year.
Pension insurance contributions are accumulated according to 8% of the payment base, and if it is the above two cases, paying for 30 years can actually accumulate 1728% of the monthly average salary.
Since the number of months of retirement at the age of 60 is 139 months (of course, the number of months may change in the future, but there is no clue yet), so the personal account pension will be 12.43% of the average salary.
If the two parts of the pension are combined, you can receive 36.43% of the average salary per month.
Don't feel that the pension income above is low. If we pay according to the minimum base, the average monthly salary is 50% of the average salary, and the pension replacement rate is as high as 72.86%.
For example, if the average salary is 8,000 yuan, we pay social security according to the 60% grade of 4,800 yuan, and the actual monthly salary income is 4,000 yuan. According to the above proportion, you can receive a pension of 2,915 yuan after paying for 30 years (under the condition that the personal account does not depreciate relative to the average salary).
According to the internationally accepted alternative standards, pension income can achieve full pension when it reaches 70% ~ 80% of the salary income before retirement.
Therefore, for low-income workers, they can guarantee their pension by paying for 30 years according to the minimum base. #养老金计算#