The difference in pensions between retiring at 50, 55 and 60? Which situation ca
Our retirement age may change in the coming years. The country has proposed to implement delayed retirement according to the principle of "voluntary, flexible," which is actually very encouraging to everyone's morale.
Specific measures have not yet been introduced, but some friends already think that they can retire at 45 instead of the original 50. This possibility is basically non-existent.
Generally, we will refer to the delayed retirement model like that of the United States. A standard retirement time is set for people born in each year, which is a plan established by the United States in 1998. Of course, we can divide it into male and female tables.
The principle of voluntary and flexible will allow the insured person to retire a period of time in advance within a certain range, or to delay retirement.
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If an individual chooses to retire early, the pension will be paid in proportion less under the same circumstances. If a person chooses to delay retirement, the pension will be increased to encourage.
Under the same circumstances, how much pension can be received for 50, 55, and 60 years of service?
No matter what age, we assume the same payment period, the same payment base, and the same time to retire, only the age is different.
People should pay the most attention to the situation of retiring after 15 years of payment at the minimum base.Based on the current pension calculation formula:
① If the minimum base is paid for 15 years, the basic pension is equal to the pension payment base of that year × (1 + the average contribution index of the individual) ÷ 2 × contribution years × 1%. Assuming an average contribution index of 0.6, a pension payment base of 8,000 yuan, and 15 years of payment, the basic pension per month is 960 yuan. This part of the benefit focuses on indexed benefits, which have the strongest ability to maintain value.
② Personal account pension, if everyone is in the same time and the same payment base, the balance of the account is also the same.
Assuming the personal account balance is 50,000 yuan, according to the above retirement ages of 50, 55, and 60, the pensions can be received as 50,000 yuan divided by 195 = 256 yuan, 50,000 yuan divided by 170 = 294 yuan, and 50,000 yuan divided by 139 = 360 yuan, respectively.
The total pensions are 1,216 yuan, 1,254 yuan, and 1,320 yuan, respectively.
How long can people actually live at these retirement ages? In fact, the concept of life expectancy is calculated based on the mortality rate of a certain year to determine the average remaining age of a certain age group. For example, according to the life expectancy table below, the life expectancy for females is 81.05 years, which is similar to the current situation, except that this is the life expectancy of newborns. The remaining life expectancies at ages 50, 55, and 60 are 33.16 years, 28.74 years, and 24.46 years, respectively. This indicates that these individuals can receive pensions for an average of 25 to 33 years.
If people calculate based on the above retirement ages, those retiring at 50 can receive a pension for 33.16 years, with a monthly pension of 1,212 yuan, and the expected total pension received over their lifetime is 483,800 yuan.
Retiring at 55, with a pension of 1,254 yuan, and an average life expectancy of 28.74 years, the expected amount of pension received is 432,500 yuan.Retiring at the same age of 60, with a pension of 1,320 yuan, and an expected lifespan of 24.34 years, the total amount received would be 385,500 yuan.
This means that if we retire 5 years later, the actual total pension received at that time would be reduced by about 40,000 to 50,000 yuan, which is why most people are not willing to retire later.
Overall, our current system is indeed designed in such a way that with the same contribution period and pension amount, retiring earlier results in a smaller reduction in the pension received each month, but a higher total amount over time.
It is necessary to effectively change this situation in order to encourage people to delay retirement. Most countries in the world stipulate that if delayed retirement is promoted in the future, there will be a certain degree of reduction in the standard of pension payments from the统筹 fund. If one retires three years early, they receive 80% of the pension, and if they retire five years early, they receive 70%. Implementing such a policy quickly can effectively reverse the situation where people retire early to receive their pensions.
We also need to strengthen employment services for the elderly, and those who meet the conditions should continue to participate in social insurance instead of receiving pensions.
As policies continue to improve, people will gradually be attracted by the incentives that can be obtained by retiring later. #Top Headline Creation Challenge# #Is it better to retire early or late?#
Our retirement age may change in the coming years. The country has proposed to implement delayed retirement according to the principle of "voluntary, flexible," which is actually very encouraging to everyone's morale.
Specific measures have not yet been introduced, but some friends already think that they can retire at 45 instead of the original 50. This possibility is basically non-existent.
Generally, we will refer to the delayed retirement model like that of the United States. A standard retirement time is set for people born in each year, which is a plan established by the United States in 1998. Of course, we can divide it into male and female tables.
The principle of voluntary and flexible will allow the insured person to retire a period of time in advance within a certain range, or to delay retirement.
Advertisement
If an individual chooses to retire early, the pension will be paid in proportion less under the same circumstances. If a person chooses to delay retirement, the pension will be increased to encourage.
Under the same circumstances, how much pension can be received for 50, 55, and 60 years of service?
No matter what age, we assume the same payment period, the same payment base, and the same time to retire, only the age is different.
People should pay the most attention to the situation of retiring after 15 years of payment at the minimum base.Based on the current pension calculation formula:
① If the minimum base is paid for 15 years, the basic pension is equal to the pension payment base of that year × (1 + the average contribution index of the individual) ÷ 2 × contribution years × 1%. Assuming an average contribution index of 0.6, a pension payment base of 8,000 yuan, and 15 years of payment, the basic pension per month is 960 yuan. This part of the benefit focuses on indexed benefits, which have the strongest ability to maintain value.
② Personal account pension, if everyone is in the same time and the same payment base, the balance of the account is also the same.
Assuming the personal account balance is 50,000 yuan, according to the above retirement ages of 50, 55, and 60, the pensions can be received as 50,000 yuan divided by 195 = 256 yuan, 50,000 yuan divided by 170 = 294 yuan, and 50,000 yuan divided by 139 = 360 yuan, respectively.
The total pensions are 1,216 yuan, 1,254 yuan, and 1,320 yuan, respectively.
How long can people actually live at these retirement ages? In fact, the concept of life expectancy is calculated based on the mortality rate of a certain year to determine the average remaining age of a certain age group. For example, according to the life expectancy table below, the life expectancy for females is 81.05 years, which is similar to the current situation, except that this is the life expectancy of newborns. The remaining life expectancies at ages 50, 55, and 60 are 33.16 years, 28.74 years, and 24.46 years, respectively. This indicates that these individuals can receive pensions for an average of 25 to 33 years.
If people calculate based on the above retirement ages, those retiring at 50 can receive a pension for 33.16 years, with a monthly pension of 1,212 yuan, and the expected total pension received over their lifetime is 483,800 yuan.
Retiring at 55, with a pension of 1,254 yuan, and an average life expectancy of 28.74 years, the expected amount of pension received is 432,500 yuan.Retiring at the same age of 60, with a pension of 1,320 yuan, and an expected lifespan of 24.34 years, the total amount received would be 385,500 yuan.
This means that if we retire 5 years later, the actual total pension received at that time would be reduced by about 40,000 to 50,000 yuan, which is why most people are not willing to retire later.
Overall, our current system is indeed designed in such a way that with the same contribution period and pension amount, retiring earlier results in a smaller reduction in the pension received each month, but a higher total amount over time.
It is necessary to effectively change this situation in order to encourage people to delay retirement. Most countries in the world stipulate that if delayed retirement is promoted in the future, there will be a certain degree of reduction in the standard of pension payments from the统筹 fund. If one retires three years early, they receive 80% of the pension, and if they retire five years early, they receive 70%. Implementing such a policy quickly can effectively reverse the situation where people retire early to receive their pensions.
We also need to strengthen employment services for the elderly, and those who meet the conditions should continue to participate in social insurance instead of receiving pensions.
As policies continue to improve, people will gradually be attracted by the incentives that can be obtained by retiring later. #Top Headline Creation Challenge# #Is it better to retire early or late?#