What is the difference between 100% and 60% pension contributions? A lot of people got it wrong
Netizen one:
What is the difference between paying 100% for pension insurance and paying 60%?
The so-called 100% and 60% actually refer to the monthly endowment insurance contribution index of the individual participating in the insurance. One pays more, and one pays less.
The first difference is the monthly payment amount. 100% payment is the payment amount calculated according to 20% of the average salary of the society, which is used as the payment base for 100% payment of endowment insurance, and the payment index is "1";
60% payment means paying pension insurance according to 60% of the social average wage payment base, and the payment index is "0.6".
For example, if the average salary is 6,000 yuan, the 100% level is 6,000x20%=1,200 yuan. 60% file is 1200x60% = 720 yuan. The 100% grade pays 480 yuan more per month than the 60% grade;
The second difference is that the monthly pension received after retirement is different. Of course, the higher the contribution index, the more pension you will receive each month.
So, how much more pension is paid per month than the one who pays 60% at 100%? This also depends on factors such as the local average salary, payment period and other factors, and cannot be generalized.
If you are in the same area, under the premise of the same payment period, it will be about 400-700 yuan more.
Let's take the average salary of 6,000 yuan, the payment period of 20 years, and the retirement age of 60 as an example to illustrate:
<1> For 100% contribution, the basic pension = 6000x(1+1)÷2x20x1%=1200 yuan. Personal account pension=480x12x20=115200÷139=828.78 yuan. The two items total 2028.78 yuan.
<2> For 60% contribution, the basic pension=6000x(1+0.6)÷2x20x1%=960 yuan. Personal account pension=288x12x20=69120÷139=497.27 yuan. The two items total 1457.27 yuan.
We can see from the above example that those who pay at 100% will receive 571.51 yuan more per month than those who pay at 60% after retirement.
What is the difference between 100% and 60% pension contributions? A lot of people got it wrong
Netizen two:
In fact, paying 100% and 60% of the pension insurance means that the pension is paid at 100% or 60% of the average salary of the society.
We know that according to national laws and regulations, government agencies, state-owned enterprises, foreign enterprises, and private enterprises are required to compel employees to pay social security. In the endowment insurance, enterprises must pay 20% of the basic salary and individuals pay 8%; among them, only 8% paid by individuals. % Enter personal account.
However, people with flexible employment need to pay social security by themselves. The amount paid is 60%, 70%, 80%, 90%, 100%, 150%, 200%, 300% of the local average salary of the previous year. Choose from nine grades. Any one is used as the payment base, and the payment is made at a rate of 20% of the base. Of the 20%, 8% entered the personal account and 12% entered the local overall account.
We know that the formula for calculating pension is:
Monthly basic pension = basic pension + personal account pension. (The basic pension = the average monthly salary of the local employees in the previous year when I retire x 20%, and the personal account pension = the personal account savings / the number of months calculated.)
Assuming that the average monthly salary is 5,000 yuan, calculated according to the 60% payment ratio, the monthly payment base is 500060%=3000, and then according to the 20% ratio, it is 300020%=600, and 600 of the pension insurance will be paid.
According to the base of 100% contribution ratio, the base is 5000, and then the 20% ratio is 5000*20%=1000, and 1,000 yuan of pension insurance must be paid. We see that the latter is 400 yuan more than the former
Then let's calculate how many people enter the personal account: 30008%=240, 50008%=400 We can see that the difference is only 160.
Netizen three:
This problem is very simple, as long as we carefully analyze the calculation formula of pension insurance, we can get it.
The current formula for calculating pension benefits in China is as follows:
What is the difference between 100% and 60% pension contributions? A lot of people got it wrong
From this, we can see that if we pay the pension according to 100% of the social balance base, and pay according to 60%, the main difference after retirement is the basic pension and the personal account pension.
If you pay 100% of the basic pension, you can get 100% of the basic pension as a percentage of the contribution period. For example, I can get a basic pension of 40% of the average social wage in 40 years.
If you pay at 60%, you can only get 80% of the basic pension paid by the 100% base, which means that you can get 32% of the average social salary for 40 years of service.
The ratio of the two is 1 to 0.8.
The ratio of individual account pension and transition pension will always be 1:0.6 because there is no averaging step.
However, the transitional pensions are mainly elderly people who worked before the pension system, and such people are becoming fewer and fewer, and should theoretically disappear after more than 20 years.
From a fair point of view, it is indeed unfair.
But socially speaking, it's called taking care of low-income groups. Those who pay low fees take advantage.
We are talking about the basic pension insurance for employees. Individual employees only account for 8% of the contribution, and enterprises have to pay 14-20% (different from place to place).
Therefore, if it is a flexible employment group that is fully borne by itself, the minimum payment can be made, and those who work normally in the company must pay social security according to their actual wages, so that your rights and interests will not be infringed.
Netizen four:
Theoretically, the algorithm is that the more you pay, the more you get. In reality, you do take more, but it is not as much as the theoretical calculation.
Recently, I talked to a friend about his pension. After he lost his job, he retired according to the staff payment for 12 years, and paid 100% of the payment base. At the retirement age, the working age (including the deemed payment period) was 42 years, and the pension was more than 3,100. Yuan.
Another worker in the same company has the same working age as him, and pays at the 60% level. When the two of them retire at the same time, his monthly pension is only more than 90 yuan more than the 60% level.
If that's the difference, it doesn't really matter.
However, obviously we all know that this has something to do with the payment base. To put it bluntly, if your salary itself is low, in fact, 100% and 60% are not much different.
So, do you understand?
Netizen five:
We calculated the pension gap after retirement based on the average monthly salary of 5,000 and 15 years of social security payment at the age of 55.
The payment base of 5000 is: 30008%=240, 50008%=400, and the proportions of 60% and 100% of individual contributions are respectively: 240 and 400. So, the total is:
60%：50000.2+24012*15/170=1254.11
100%：50000.2+40012*15/170=1423.53
The difference between the two is only 169.42 yuan, which is why most of the Internet tells everyone to choose the 60% file.
But here I want to tell you that this statement on the Internet is not very accurate. How to say it?
Because many areas have been reformed now, the calculation of the basic pension is no longer 20% of the local pension at the time of retirement, but becomes = (the average monthly salary of the on-the-job workers in the province in the previous year + the average monthly contribution salary of my indexed monthly contribution )/2payment period1%.
At this time, the "I indexed monthly average contribution salary" is linked to the ratio you choose, not just the value of the personal account.
Of course, this is a matter of personal planning. Some people think that they can save a little more money to live a better life now, and then they will consider pensions when they are old. Then you can pay 60%.
If someone thinks that they have high requirements for their old age, and their economic strength is relatively strong, then of course, they should follow the principle of paying more for pensions, that is, the more they pay, the better the quality of life.