How much pension can you get when you retire after 20 years？ The official data is coming!
If you retire in 20-30 years, how much pension can you expect to receive? The official data is coming! Yesterday, the national social insurance public service platform was put into trial operation. According to the experience of Beijing Youth Daily reporter, the platform not only needs to input relevant data such as my monthly payment salary and actual payment years, but also has three unknown variables such as "average salary growth rate of employees in the future (%)", "future personal account bookkeeping interest rate (%)" and "future payment salary growth rate (%)", so the calculation is not the actual pension amount, but more a scientific prediction for the future.
The official helps you predict how much pension you will receive.
The national social insurance public service platform (http://si.12333.gov.cn) has been put into trial operation. The platform can provide social security annual enrollment information inquiry, treatment qualification authentication, pension calculation, social security relationship transfer inquiry, remote medical inquiry, overseas exemption application, social security card and electronic social security card status inquiry, etc., all of which are national and cross-regional services.
The website platform provides two registration methods, one is according to the ID number, and the other is according to the social security card and social security bank card.
The reporter login test of Beiqing Daily takes only 1 minute, which is convenient and quick, from inputting information to inputting mobile phone number, waiting for receiving SMS password and completing registration.
The registered login successfully entered the column of "Pension Calculation", and the webpage of "Calculation of Pension Insurance Benefits for Urban Employees" was displayed. You can select "Employees of Urban Enterprises", "Individual Industrial and Commercial Households or Flexible Employed Persons" according to the insured type, and the data can be automatically predicted.
According to the information entered in the dialog box, the reporter of Beiqing Daily took a 40-year-old man as an example. The expected retirement age was 60 years, and the actual payment period was 15 years, which was deemed as the payment period of 15 years. At the end of last year, the personal account deposit was 180,000 yuan, and the average monthly salary of employees in the insured place (Beijing) last year was 8,467 yuan (released by the Statistics Bureau), and my monthly salary was 10,000 yuan, while "the average salary growth rate of employees in the future (%)" and According to systematic calculation, a 40-year-old man with a monthly income of 10,000 yuan will retire in 2039, with a monthly basic pension of 22,217 yuan.
What is the "personal account bookkeeping interest rate"
It is worth noting that the substitution of the three variables about future expectations will have a great impact on the prediction of future pensions.
Let’s take a 30-year-old man as an example. He is expected to work until he is 60 years old, and his monthly salary is 20,000 yuan. If the average wage growth rate of employees in the future (%) and the future contribution wage growth rate (%) are 10% and 5% respectively, he may have a pension in the future by substituting 3%, 5% and 8% into the future personal account charging rate (%). That is to say, when retiring in 2049, the insured person’s expected monthly basic pension is about 59,000 yuan to 71,800 yuan.
"Bookkeeping interest rate of personal account" directly affects the amount of future pension. The General Office of the Ministry of Human Resources and Social Security and the General Office of the Ministry of Finance issued the "Notice on Announcing the Bookkeeping Interest Rate of Personal Accounts of Basic Endowment Insurance for Employees in 2018", which announced that the bookkeeping interest rate of personal accounts of basic endowment insurance for urban employees (including basic endowment insurance for government institutions and enterprise employees) was 8.29% in 2018.
Bank time deposit interest rate in 2018: one-year fixed annual interest rate is 1.75%, and three-year fixed annual interest rate is 2.75%; The average yield of some bank wealth management products is about 4%. This means that under the same principal, the interest income of personal account of endowment insurance is 4.73 times that of regular deposit in the bank for one year and 2.03 times that of purchasing bank wealth management products.
The Ministry of Human Resources and Social Security pointed out that the bookkeeping interest rate of individual accounts for employees’ basic old-age insurance is announced by the Ministry of Human Resources and Social Security and the Ministry of Finance every year. The determination of bookkeeping interest rate mainly considers factors such as employee salary growth and fund balance, and is adjusted through reasonable coefficients, which shall not be lower than the bank time deposit interest rate.
The reporter of Beiqing Daily noted that in 2016 and 2017, the bookkeeping interest rates of personal accounts of basic old-age insurance for urban employees (including basic old-age insurance for government institutions and enterprise employees) were 8.31% and 7.12%, respectively, which were much higher than the deposit interest rates of banks in the same period.
There are also functions such as querying the status of social security cards.
It is reported that the platform will first provide the functions of social security annual enrollment information inquiry, treatment qualification authentication, pension calculation, social security relationship transfer inquiry, medical consultation in different places, overseas exemption application, social security card and electronic social security card status inquiry, etc., to achieve nationwide cross-regional services.
At present, 25 provinces have completed the docking of some areas with the national social insurance public service platform, and 22 provinces provide pension insurance benefits calculation services. Among them, 13 provinces will also provide personalized measurement services.
Data show that by the end of June, the number of people participating in basic pension, unemployment and work-related injury insurance in China was 947 million, 200 million and 245 million respectively, an increase of 4.43 million, 3.28 million and 6.5 million respectively over the end of last year.
Text/reporter Yan Lishuang
Coordinator/Yu Meiying