There are many women who miss the age of participation in pension insurance, and when it is time to receive pension, pension insurance contributions are less than 15 years. In this case, the payment can only be deferred until 15 years. If a 45-year-old woman has only begun to participate in pension insurance now, she will need to be at least 60 years old to receive a pension in the future. Many people may think that other women are 50 years old or 55 years old to receive pensions, and they still have to spend 5 or 10 years at night, which is not cost-effective. But to be honest, it is not cost-effective to participate in pension insurance, not to compare with others, but to compare with the amount of money you pay.
Everyone knows if there is a sum of money deposited in the bank. After 15 years, how much principal can be found out. However, pension insurance is not like this, participate in pension insurance for 15 years, the treatment that can be received is very complicated. People, in particular, are at risk of accidental death. Relatively speaking, there is a lot of uncertainty.
Then we need to assume several conditions, people live to the average life expectancy, the average social wage remains unchanged, the pension does not increase, and the pension payment has no interest. What happens to contributions and pensions under these conditions?
Pension insurance payment For unit employees, the employees themselves bear 8% of the individual payment base, and this part will all enter the personal account. Due to the balance of the pension insurance personal account, after the employee receives it, there will be a pooled account to pay the same amount of personal account pension to ensure that the retirement benefits remain unchanged. If it is not collected, the balance can be inherited by the heirs after death, so for the employees of the unit, participating in the pension insurance is only to earn and not lose.
For flexibly employed persons, the contribution rate is generally 20%. Entering the personal account of pension insurance is 8%, that is to say, the amount of money protected by the principal is 40%. What about the money in the pooled account? The money in the pooled account is actually used to pay for the basic pension, funeral expenses and pension benefits, various local subsidies, the increase in pensions, the personal account pension after the individual account is completed, and so on.
Generally, when we are alive, the only benefits we can receive are the basic pension and the increase in pension. If the pension does not increase, how long will it take to rely on the basic pension alone to return the cost? Most people pay on a 60 per cent basis. Assuming that the social average salary is 6000 yuan, the 60% base is 3600 yuan, and the flexible employment personnel need to pay 720 yuan per month. The money entered into the pooled account is 432 yuan per month, and the year is 5184 yuan.
According to the basic pension calculation formula, according to the 60% base payment for one year, you can receive 0.8% of the retirement of the previous year's average social salary, that is, 48 yuan per month. The actual return time is also coincidental, which happens to be 108 months, that is, 9 years.
However, when our pension is calculated, the state adds factors to narrow the gap in income distribution. If it is 100% base contribution for one year, you can receive 1% retirement The average social wage return time in the previous year was 144 months. If we pay according to the 300% base, we can receive 2% of the average social salary of the previous year of retirement, and the return time is 216 months.
In addition, after the death of the insured, after 15 years of contributions, he can now receive two months' funeral allowance for the previous year's urban per capita disposable income and nine months' one-time pension for the previous year's urban per capita disposable income.
The per capita disposable income of urban people is generally 60% of the average social wage of the previous year or the pension base of the current year. According to this calculation, funeral expenses and pensions are $39,600. The time to return the cost calculated in this way is actually only 66 months.
What is people's life expectancy? According to the data of the National Health Commission, the average life expectancy in China reached 77.3 years in 2019, and places like Beijing and Shanghai have exceeded 80 years old. In general, the life expectancy of the urban population is longer than that of the rural population, and the life expectancy of women is longer than that of men. According to the National Statistical Yearbook, in 2015, the average life expectancy of China was 76.34 years, of which the life expectancy of women reached 79.43 years, which was 5.79 years longer than that of men.
Is it cost-effective for men to retire at 60, but not for women to retire at 60? Women's life expectancy is also much longer than that of men. What's more, the life expectancy of a 45-year-old woman will be longer than the average life expectancy, after all, many risks have been passed.
Therefore, it is still very cost-effective for women to start participating in pension insurance at the age of 45. In particular, the average social wage considered comprehensively is constantly increasing, and our various pension insurance benefits are also constantly improving.