How much pension can urban residential insurance get if it pays 3 thousand a year?

Pay 3,000 yuan of urban housing insurance every year, and how much pension you can get after retirement is calculated according to the formula: the sum of total payment plus interest plus government subsidies, divided by 139 plus basic pension, is the pension you can get every month. Because local government subsidies are different from basic pensions, it is impossible to calculate how much to receive.

It is not called retirement if the insured person in urban residence insurance goes through the formalities of receiving pension at the age of 60. Only employees of enterprises and institutions or flexible employees can retire when they reach the legal age.

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age; Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions.

The payment for fifteen years here means that those who have paid for fifteen years in total can receive the basic pension on a monthly basis when they reach the legal retirement age, instead of paying for fifteen years in total. The concept is different. Payment 15 years is the minimum payment period. Not all people who have paid for 15 years can apply for retirement. If they have paid for 15 years, but can't retire before retirement age, they still need to continue to pay until retirement age. For example, when someone is 20 years old and takes part in work and endowment insurance, he will have paid 15 years by the age of 35. Can I retire without paying before the age of 60? The answer is no, and he must pay fees until he is 60 years old to retire. A person can only apply for retirement when he is 45 years old and has just paid 15 years after reaching retirement age. This is the minimum requirement for retirement after paying 15 years. If someone is 48 years old and only pays 12 years at the age of 60, then he can't retire at that age and needs to pay 15 years to retire.

legal ground

Article 16 of the Social Insurance Law of People's Republic of China (PRC) * * * Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council. Seventeenth individuals who participate in the basic old-age insurance, due to illness or non-work-related death, their survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund. Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.

Nineteenth individuals across the overall regional employment, the basic old-age insurance relationship with my transfer, the cumulative payment period. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council. Article 20 The state establishes and improves a new rural social endowment insurance system.

The new rural social endowment insurance combines individual contributions, collective subsidies and government subsidies.