The more you pay for the five insurances and one fund, the better. The more you pay, the better for yourself. The more you pay, the more you will get, and the more you pay over the long term, the more you will get. This is also a basic principle established in pension insurance.

The relevant person in charge of the Ministry of Human Resources and Social Security said that for the basic pension of enterprise employees, a person pays 300 yuan per month for 15 consecutive years, and 600 yuan per month for 25 years. In the two cases, there is a big difference in the amount of pension received after retirement, and it is cost-effective to pay more pension insurance premiums. Our country is improving the incentive mechanism of "pay more, get more". The pension that retirees receive when they retire is directly related to the length of their contribution years at work and the level of their contributions.

Extended information:

Persons participating in the pension insurance for urban and rural residents shall pay pension insurance premiums in accordance with regulations. The payment standard is currently set at 12 levels of 100 yuan, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan, 800 yuan, 900 yuan, 1000 yuan, 1500 yuan, and 2000 yuan per year, and the province (region, city) ) The people's government may add payment levels based on actual circumstances. In principle, the maximum payment level shall not exceed the annual payment amount of local flexible employment personnel participating in the employee basic pension insurance, and shall be reported to the Ministry of Human Resources and Social Security for filing.

The Ministry of Human Resources and Social Security, together with the Ministry of Finance, will timely adjust the payment grade standards based on the income growth of urban and rural residents. The insured can choose the payment level independently, and the more he pays, the more he will get.

The calculation and payment ratio will be increased according to the payment period. Jilin Province issued a policy last year that stipulates that for enterprise employees who have retired since 2015 and whose actual payment years exceed 20 years, the basic pension calculation and payment ratio will be increased according to the payment period range. If the cumulative payment years are between 21 and 25 years, the basic pension will be calculated and paid every year. The calculation and payment ratio increases by 0.15%; the payment period between 26 and 30 years increases by 0.2% each year to reflect the incentive mechanism that the longer the payment period, the higher the pension level.

Assume that Lao Zhang, an employee of an enterprise in Jilin Province, retired last year and had paid contributions for 27 years. His previous annual salary income was exactly the average salary of employees working that year. After the implementation of the new policy, the monthly calculation and payment ratio of other pensions can increase from 27% to 28.15%. From this, it is estimated that the monthly calculation and payment of basic pensions can increase by 44.6 yuan.

Hebei Provincial Department of Human Resources and Social Security-Ministry of Human Resources and Social Security: It is cost-effective to pay more for pension insurance

Baidu Encyclopedia - Opinions on establishing a unified basic pension insurance system for urban and rural residents