It is a pity to encounter such a thing. In front of the social security big data, old age, sickness and death is really too common.

The 2021 Annual Statistical Bulletin on the Development of Human Resources and Social Security undertakings shows that the number of participants in China's basic pension insurance for employees is 480.74 million people, of which the number of retired people is 131.57 million people, an increase of 2,453,000 and 3.95 million people, respectively, compared with the previous year. 480 million people, at least all adults, if the mortality rate of 1.5% a year, a year will be 7.2 million insured people die.

It is not only the death of people who receive only one month's pension, but also the death of many people who may have died without receiving their pension. For example, the death of a person who was close to receiving his or her pension.

Pension insurance is the most expensive form of social security, and the system is not designed so that there is no other benefit without a pension. After the death of the person who participated in the pension insurance, in accordance with the provisions of the Social Insurance Law, you can receive three benefits:

The balance of the individual account of the pension insurance, funeral subsidies, a one-time pension.

(a) to participate in the pension insurance contributions, 8% of the contribution base will be credited to the individual account, this part of the money if not collected, can be inherited, it is considered to do the heritage of the participants.

Like now, the monthly contribution base can be as high as 10,000 to 20,000 yuan, each year into the personal account can also have 10,000 to 20,000 yuan, the accumulation of decades is also a small fortune. Some of the elderly personal account balance can have two or three hundred thousand dollars it.

(ii) funeral benefits, is two months of pension insurance relationship in the province where the death of the last year of urban per capita disposable income, is from September 2021 the unified system. In the past, the policy of each place is not consistent, and indeed the difference is also very big. Like in Shandong province, it was only 1,000 yuan, while in Sichuan province it was four months of social wage. But now, the whole country is only related to the local urban disposable income per capita.

(c) The one-time pension is based on a combination of the number of years of contributions and the time of receiving the pension.

The workers who did not receive a pension, 15 years of contributions can receive 9 months of the death of the last year in the province of urban per capita disposable income. Each additional year of contribution time to receive one more month. However, if the contribution period is more than 30 years, it is only calculated according to 30 years, that is to say, you can receive a maximum of 24 months of urban per capita disposable income in the year before your death.

For each additional year of pension, the number of months of lump-sum pension will be reduced by one month. But the minimum is based on 9 months.

If you die after receiving only one month's pension, you can receive 9 to 24 months of disposable income per capita according to the number of years of contributions.

The above three parts of the treatment add up to as little as 50,000 to 60,000 yuan, or hundreds of thousands of dollars. For the family, it is also a very good treatment. If the contribution time is early, the three treatments received will even be higher than the total amount of money paid in the past.

So our pension system is, in fact, a very cost-effective form of protection. If we live to our per capita life expectancy, at the very least we will earn five or six times the amount of money we contributed. If we live even longer, it's even more cost-effective.