My grandmother is 92 years old, with bright ears and strong body. She worked as a textile worker in a state-owned textile factory in her early years. She officially retired from the factory at the age of 50 and has been retired for 42 years. Now, grandma's monthly pension has risen to 5000 yuan! Besides, she can get the old age allowance from the government every month, 500 yuan! Grandma has worked for more than twenty years and received a pension for more than forty years. My cousin is 30 years old and works in Xinhua Bookstore. His monthly salary is less than 5000 yuan. The pension of a 92-year-old man exceeds the salary of a 30-year-old man.
My aunt is a retired railway worker. She is 85 years old this year. He retired at the age of 45 because of poor health. She attaches great importance to her health. Although she has basic diseases such as hypertension and coronary heart disease, her self-regulation is well controlled. Retirement life is well arranged and hobbies are colorful. Now, my aunt's monthly pension has risen to 5300 yuan. You can get the government 100 yuan old age subsidy every month. My aunt has worked for more than 20 years and received a 40-year pension.
My uncle is a retired civil servant of state organs and units, and he is treated at the official level. His monthly retirement salary can be more than 8000 yuan. Civil servants' pensions have increased year after year, and the rate is not low. Unexpectedly, my uncle was diagnosed with advanced liver cancer in the first year of retirement and died in a few months. After working hard for most of my life, I should have enjoyed decades of retirement and spent my old age happily, but I didn't expect to leave this world prematurely and only received a pension for less than a year.
Whether it is appropriate to retire early or postpone retirement, and whether it is cost-effective. What everyone cares about is which way to get a higher pension.
1. What are the benefits of delaying retirement?
Let's look at the calculation formula of pension:
Pension = 1 month basic pension +2 months personal account pension +3- transitional pension
Transitional pension is not universal and can be ignored first.
1 month basic pension = retirement pension calculation base ×( 1+ average individual payment base) ÷2× payment period × 1%.
2 months personal account pension = personal account pension balance ÷ months.
Personal account pension balance: the pension insurance premium is divided into two parts, one part is paid by the enterprise and the other part is paid by the individual. The individual contribution is 8% of the individual social security contribution base, which is deposited into the individual social security account as the storage amount of the individual account, and the interest is calculated.
There are many factors that affect the pension, including: payment period, payment base, accumulated pension in personal account, average salary of employees in the previous year at the time of retirement, retirement age, etc.
According to the principle of "long-term payment, overpayment, delayed retirement, overpayment and overpayment".
Long-term overpayment: the longer the payment period, the more the pension balance in personal account, and the higher the interest on the balance;
Pay more and get more: the higher the average individual contribution base, the higher the monthly basic pension;
Retire more late: the later you retire, the more personal account pension balance, the fewer planned payment months, and the more monthly personal account pension. The later you retire, the higher the average salary of employees in the previous year when you retire.
Although early retirement can get the pension as soon as possible, the payment period of late retirement is longer, the accumulated amount of personal account pension is higher, the number of months of calculation is less, and the average social wage of employees in the previous year will be higher, which is definitely more than early retirement.
For 18 years in a row, the state has raised the pensions of employees in enterprises, institutions and institutions, but since 20 16, there has been an obvious downward trend, and the increase has dropped to, and it has been raised by 5% in. 20 19, up by 5%; In 2020, it will increase by 5%; 202 1, retirees' pensions are raised year by year, but the increase rate is obviously not as high as that of the average social wage of employees in the previous year. When retiring, the average social wage of employees in the previous year increased by 7%- 10% every year, exceeding the increase of pension.
Therefore, although early retirement can get a pension as soon as possible, because the amount is not high, it will increase year by year on the basis of the original low amount, and there is definitely no higher salary increase for a higher amount of pension. The annual growth based on low wage base and the annual growth based on high wage base, the former certainly can't catch up with the latter.
The most obvious advantage of delaying retirement is that the pension you get is higher than that of early retirement. If you continue to work in your post, although it is hard, you can get a salary income, which is definitely higher than the pension you get after retirement. There will be more economic security in the later years. The more you pay, the greater the reward.
Second, what are the benefits of early retirement?
The most obvious advantage of early retirement is that you can enjoy a leisurely retirement as soon as possible. Leave your job, stay away from complicated interpersonal relationships, get rid of the work pressure of physical and mental exhaustion, and find yourself again. After retirement, I will do what I like to do and develop my hobbies: going to the park, dancing in square dance, calligraphy and painting, cooking food, and getting together with friends from time to time.
With the liberalization of the second and third child policies, it is estimated that the elderly will be busy after retirement and will help their children look after the third generation and enjoy family happiness.
If you feel that your physical strength and energy are good, and you want to continue to develop your experience and talents in your post, and the unit is willing to hire you, you can retire and re-hire. This will give you a chance to get both a salary and a pension. Many units are willing to hire retirees. On the one hand, these people are experienced, skilled and responsible. On the other hand, they don't have to pay social security for them, which saves costs.
3. Whenever you retire, what is the most important thing?
1. Pensions are paid for life.
No matter when you retire, the pension is paid for life until the insured dies. Generally speaking, in the first ten years of your retirement, the balance accumulated in your personal account is used to pay for your pension. After the payment is completed, it will continue to be paid to you by the pension insurance pooling account, and the pension you get will not decrease, but will increase every year with the national policy.
At present, the average life expectancy in China has reached 20 years, and there are more and more elderly people with long life. For people over 100, this is not unusual. The longer you live, the more years you get a pension. Regardless of retirement time, you must have earned it.
If both old people died at the age of 90, one of them retired at the age of 50 and the other retired at the age of 60. The old man who retired at the age of 50 received a 40-year pension, while the old man who retired at the age of 65 received only a 25-year pension. This is directly different from the pension benefits of 15.
Judging from the long-term timeline of life, it must be that the longer you receive a pension, the more cost-effective. Then, late retirement will get more pension than early retirement, which can also be ignored.
Health is the most important thing.
When chatting, my grandmother often said: Old people don't care how much their pensions cost. No matter how low the pension is, the basic life will definitely be guaranteed. Your pension is low, others have high pensions, but you are healthier than others, live longer, and earn it back after a few more years, without losing anything.
What grandma said is true. No matter how much your pension is, you don't know how to spend it reasonably. You often buy tens of thousands of advanced health care products. Travel around the world and stay in a five-star hotel; Spend a lot of money in life. If you are not careful, you will have no money. As the saying goes: if you don't eat or drink, you won't be poor.
When a person enters old age, his mood will get lower and lower, and he is not in the mood to wear beautiful clothes; I want to eat delicious food but I don't have that appetite; If you want to travel around the world, you have no physical strength. Only a simple and plain life is real.
In this case, no amount of pension can be spent. As long as the body is healthy and the children are at ease, there will be basically no big expenses.
Old people must pay attention to their health. Poor health, sick all day, often go to the hospital. No matter how high my pension is, there is nothing I can do. Even if there is medical insurance, there is a certain reimbursement ratio. And some serious diseases, treatments and drugs may not be covered by medical insurance reimbursement. Not afraid of having no money, but afraid of getting sick. It costs thousands of dollars to go to the hospital now. Having a serious illness will cost you more than half of your savings. The point is that people are suffering. Therefore, the elderly don't care how much their pension is. Health and less illness mean saving money.
Health always comes first. The key for the elderly is to keep healthy, not get sick, get sick less, and live a long and healthy life.
Pensions will always benefit the long-lived elderly.
Step 3 write it at the end
Is early retirement appropriate or late retirement cost-effective? There is no unified conclusion, and each has its own advantages and disadvantages. I think this should be combined with everyone's actual situation and specific needs. If you love your job and are willing to shine in your post, and the unit is willing to hire you for a long time, you can completely postpone your retirement, so that you can pay more social security and get more pension after retirement. If you want to enjoy retirement in advance and have little expectation for material life, you can pay social security as soon as possible and retire at the legal age.