How to pay pension insurance at the age of 50? Latest policies and practical guidance
As the aging of the population intensifies, pension insurance has become a hot topic for the 50-year-old group. This article combines the hot topics on the Internet in the past 10 days (data as of October 2023) to sort out the latest policies and insurance plans for you.
1. Three main ways to participate in insurance at the age of 50
| Insurance type | Applicable people | Payment standard | retirement age |
|---|---|---|---|
| Urban employee pension insurance | Current employees/flexible employees | 20%-28% of the monthly payment base | Male 60 years old/Female cadre 55 years old/Female worker 50 years old |
| Pension insurance for urban and rural residents | Residents without a fixed job | Annual payment is 200-6,000 yuan (in different grades) | Uniform 60 years old |
| Commercial pension insurance | Those who wish to supplement their insurance coverage | According to product agreement | According to the contract |
2. Latest policy changes in 2023
1.Delayed retirement pilot launched: Beijing, Jiangsu and other places are piloting flexible retirement systems, and 50-year-olds need to pay attention to local policies
2.Optimization of payment period: Pension insurance for urban and rural residents allows one-time repayment, with a maximum repayment period of 15 years.
3.Tax incentives expanded: The annual payment limit for personal pension accounts is increased to 12,000 yuan, and tax deductions are available
| area | Minimum monthly payment for employee pension | Maximum annual pension payment for residents | Back payment policy |
|---|---|---|---|
| Beijing | 791 yuan | 9000 yuan | Allow back payment |
| Shanghai | 822 yuan | 5300 yuan | Repayment within a limited time |
| Guangdong | 758 yuan | 4800 yuan | Pay in installments |
3. Practical suggestions for insurance coverage at age 50
1.Give priority to employee pension: If you have a record of participating in insurance, it is recommended to continue to pay employee pension insurance, and the pension calculation will be more advantageous.
2.Back payment calculation: Taking Beijing as an example, it costs about 135,000 yuan to make up for 15 years of residents’ pension insurance, and the monthly payment is about 1,200 yuan.
3.Portfolio insurance: Suggested triple protection of "employee pension + personal pension account + commercial pension insurance"
4. Frequently Asked Questions
Q: Is it too late to start dating at the age of 50?
A: Employee pension needs to be paid for 15 years, and participation in insurance at age 50 must be extended until retirement at age 65; residents’ pension can be paid in one lump sum.
Q: How to choose insurance in another place?
A: Participate in employee pension in the place of employment, or participate in resident pension in the place of residence, and you can apply for transfer before retirement.
5. Expert advice
The latest research from the Chinese Academy of Social Sciences shows that if you insist on paying pension insurance every month from the age of 50, the replacement rate after retirement can reach 40%-60%. It is recommended to plan as early as possible to avoid financial pressure in old age.
(Note: The data in this article are based on the official website of the Ministry of Human Resources and Social Security and local policy documents. The specific interpretation of the local Social Security Bureau shall prevail)
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