In 2024, if you have paid for 15 years of pension insurance and retire after pay
Today, I saw a friend asking about his pension insurance. He has paid for 15 years by 2024 and knows that the longer the payment period, the higher the pension benefits will be. He wants to know how much pension he can receive if he continues to pay for another 15 years until retirement.
In fact, more and more people have realized that participating in pension insurance and receiving pensions is a very necessary means of old-age security. Especially the "20 consecutive increases" in pensions for retired elderly people in the past have made most insured people recognize the benefits of participating in pension insurance.
To participate in pension insurance and retire, the amount of pension you can receive should be calculated according to a unified national formula. The pension calculation formula mainly consists of two parts: the basic pension and the personal account pension.
1. The basic pension part is equal to the average social salary of the year before retirement × (1 + the average payment index of the individual) ÷ 2 × the payment period × 1%.
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The difference among various provinces lies in the average social salary of the year before retirement. Many places are now using the pension payment base, which varies greatly. For example, the lowest payment base last year was 6401 yuan in Henan Province, and the highest payment base was 12183 yuan in Shanghai (which is also the full-range average social salary of the year before retirement). In the future, the pension payment base will all transition to the full-range average social salary, and it will basically be completed after 15 years.
In recent years, due to the increasing average social salary, many people's payment bases are below the 100% level. To be conservative, we choose to pay at the 60% level.
Generally speaking, the payment index is equal to the payment base of the year divided by the average social salary of the year before. Because the payment base in the first half of the year in places like Shanghai is determined according to the full-range average social salary of the year before, the payment index for the 60% level will be lower than 0.6. For example, the lower limit of the payment base in Beijing this year is determined at the 58% level, and the new payment base will be implemented from July 1. Therefore, the situation where the payment index is lower than 0.6 is also quite common.
However, to simplify, let's assume that the average payment index for 30 years of payment is 0.6. According to the calculation formula, the basic pension can receive 24% of the average social salary of the year before retirement.
In recent years, the growth rate of the average social salary has not been fast. It is estimated that the level of the average social salary after 15 years will not easily double as in the past. It is estimated that the average social salary in most areas after 15 years will be around 10,000 yuan.Therefore, it is estimated that the future basic pension level will be 2,400 yuan.
② Personal account pension, the balance of the individual's social insurance account ÷ the number of months determined by the retirement age.
With 15 years of contributions, the current balance in the individual's social insurance account is around 50,000 to 60,000 yuan. If contributions continue for another 15 years, it is expected that the balance in the individual's social insurance account could reach over 150,000 yuan. After all, the contribution base will continue to increase in the future, and there will also be interest on the individual's social insurance account.
The number of months for pension calculation is likely to be the most variable factor in the future. Our system for determining the number of months has not been revised since it was established in 2005, which was based on the average life expectancy of urban residents in 2000. It is highly probable that any future revision of the number of months will increase.
Assuming that the number of months for pension calculation from the individual's social insurance account at the time of retirement is 200 months, the personal account pension would be 750 yuan.
After adding the basic pension and the personal account pension, the result is a monthly pension of 3,150 yuan.
If you are not sure about the level of this amount, you can link it to the average social wage, which is 31.5% of the average social wage. Do you think this pension is high or low? Overall, it should not pose a significant problem for basic living expenses. #Top Headline Creation Challenge#
Today, I saw a friend asking about his pension insurance. He has paid for 15 years by 2024 and knows that the longer the payment period, the higher the pension benefits will be. He wants to know how much pension he can receive if he continues to pay for another 15 years until retirement.
In fact, more and more people have realized that participating in pension insurance and receiving pensions is a very necessary means of old-age security. Especially the "20 consecutive increases" in pensions for retired elderly people in the past have made most insured people recognize the benefits of participating in pension insurance.
To participate in pension insurance and retire, the amount of pension you can receive should be calculated according to a unified national formula. The pension calculation formula mainly consists of two parts: the basic pension and the personal account pension.
1. The basic pension part is equal to the average social salary of the year before retirement × (1 + the average payment index of the individual) ÷ 2 × the payment period × 1%.
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The difference among various provinces lies in the average social salary of the year before retirement. Many places are now using the pension payment base, which varies greatly. For example, the lowest payment base last year was 6401 yuan in Henan Province, and the highest payment base was 12183 yuan in Shanghai (which is also the full-range average social salary of the year before retirement). In the future, the pension payment base will all transition to the full-range average social salary, and it will basically be completed after 15 years.
In recent years, due to the increasing average social salary, many people's payment bases are below the 100% level. To be conservative, we choose to pay at the 60% level.
Generally speaking, the payment index is equal to the payment base of the year divided by the average social salary of the year before. Because the payment base in the first half of the year in places like Shanghai is determined according to the full-range average social salary of the year before, the payment index for the 60% level will be lower than 0.6. For example, the lower limit of the payment base in Beijing this year is determined at the 58% level, and the new payment base will be implemented from July 1. Therefore, the situation where the payment index is lower than 0.6 is also quite common.
However, to simplify, let's assume that the average payment index for 30 years of payment is 0.6. According to the calculation formula, the basic pension can receive 24% of the average social salary of the year before retirement.
In recent years, the growth rate of the average social salary has not been fast. It is estimated that the level of the average social salary after 15 years will not easily double as in the past. It is estimated that the average social salary in most areas after 15 years will be around 10,000 yuan.Therefore, it is estimated that the future basic pension level will be 2,400 yuan.
② Personal account pension, the balance of the individual's social insurance account ÷ the number of months determined by the retirement age.
With 15 years of contributions, the current balance in the individual's social insurance account is around 50,000 to 60,000 yuan. If contributions continue for another 15 years, it is expected that the balance in the individual's social insurance account could reach over 150,000 yuan. After all, the contribution base will continue to increase in the future, and there will also be interest on the individual's social insurance account.
The number of months for pension calculation is likely to be the most variable factor in the future. Our system for determining the number of months has not been revised since it was established in 2005, which was based on the average life expectancy of urban residents in 2000. It is highly probable that any future revision of the number of months will increase.
Assuming that the number of months for pension calculation from the individual's social insurance account at the time of retirement is 200 months, the personal account pension would be 750 yuan.
After adding the basic pension and the personal account pension, the result is a monthly pension of 3,150 yuan.
If you are not sure about the level of this amount, you can link it to the average social wage, which is 31.5% of the average social wage. Do you think this pension is high or low? Overall, it should not pose a significant problem for basic living expenses. #Top Headline Creation Challenge#