There are many friends who want to know the question, that is, if we pay according to the highest grade in the last period of time, will we be able to increase the pension? The answer is of course yes, but how much? We have to use numbers to speak.
In Shandong Province, how much more can I get for a retirement pension if I pay 300% for one month?
Generally speaking, if you work in an enterprise, the payment base is calculated based on the monthly average of the employee's total salary in the previous year, and cannot be changed at will.
However, the state also stipulates that flexible employees can freely choose the contribution base between the upper and lower limits of the local contribution base, so some people will choose to pay social security by themselves for a period of time before retirement.
The burden of paying social security according to 300% is not small. For example, the upper limit of the temporary pension insurance payment base in Shandong Province in 2024 is 21,207 yuan, and it is necessary to pay 4,241.4 yuan per month (in fact, after the announcement of the full-caliber social average wage in June ~ July 2023, the social security payment will make up the difference, and it is estimated that it can be increased by more than 6%~7%)).
If it is not raised, according to last year's value, 300% grade payment for a month, how much can the pension be raised?
Paying more than 4,000 yuan for endowment insurance, if it was more than 10 years ago, is almost equivalent to 60% of the annual payment. According to the current pension calculation formula, it is estimated that you can receive a pension of 70 or 80 yuan per month. If it is concentrated to pay for one month, how much will the pension be?
The pension generated by participating in endowment insurance mainly consists of two parts: basic pension and personal account pension.
(1) The basic pension part is equal to the pension calculation base of the current year× (1 + the average contribution index of the person) ÷ 2× payment period ×1%.
In Shandong Province, according to the 300% grade payment, the average payment index is actually 3. Not necessarily in Beijing and Shanghai, because the upper and lower limits of the pension calculation base in Beijing and Shanghai are used from July, but the average salary used to calculate the pension will be used from January, so the general average contribution index will be lower.
The payment period is one month, that is, 1/12 = 0.0833 years.
According to the calculation formula, in the case of the average contribution index three, the basic pension can receive 1% × 1/6 of the pension calculation base.
Last year, the pension calculation base in most places in Shandong Province was 7,468 yuan, so the monthly basic pension was 12.45 yuan.
What if it is paid according to 60%? The basic pension part is actually 0.8%×1/12 of the pension calculation base, and the result is 4.98 yuan per month. In fact, the difference between the basic pension paid according to the highest grade and the lowest grade is not as high as the payment, which is also a function designed by the state to narrow the income distribution gap.
(2) 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.
The number of months varies depending on the retirement age, ranging from 139 months for 60, 195 months for 50 and 170 months for 55.
The balance of the personal account of the pension insurance is recorded according to 8% of the payment base. That is to say, according to the base payment of 21,207 yuan, the monthly personal account will be transferred to 1,696.56 yuan.
If you retire at the age of 60, the personal account pension is 12.21 yuan. He retired at the age of 55 with 9.98 yuan and retired at the age of 50 with 8.7 yuan.
If it is a 60% grade payment, the amount of money accumulated in the personal account and the pension generated are only 1/5 of the 300% grade payment. This part is fair relative to the amount of money paid.
Therefore, if you pay 300% for a month and retire at the age of 60, you can actually receive 24.66 yuan per month. But if it is 60% of the grade payment, in fact, the pension can also receive 7.42 yuan.
How to choose? Consider it according to your own affordability. #头条创作挑战赛##养老金知识小百科#