Zhuhai's highest standard, more than 5800 each month, the entire Guangdong Province has the same standard, only 70,000 a year, not needing as much as 150,000 to 200,000.
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财经有李
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In one year, 7.92 million people are born. Do you know what this means?
Even if all 7.92 million people pay the highest social security (which is actually impossible), it barely maintains the pensions of current retirees within the system.
Let's do some calculations:
- By the end of 2024, the total number of retirees in the country will be about 140 million, among which the retirees from government and public institutions will still be between 22-25 million.
- The upper limit for basic pension insurance contributions for employees is generally 300% of the local average salary, with personal contributions at 8% and employer contributions at 16-20%. Different cities have different maximum monthly contribution bases, roughly translating to a total annual contribution of about 100,000 to 200,000 yuan for individuals and units combined (cities like Beijing, Shanghai, Guangzhou, and Shenzhen may be higher, but the national average is far below this).
- Assuming an extremely optimistic scenario: each person contributes a total of 150,000 to 200,000 yuan per year → 7.92 million newborns' total contribution after reaching adulthood is approximately 120 to 160 billion yuan per year.
- Pension expenditures for retirees within the system (government and public institutions):
- The average monthly pension is about 6,000 to 6,500 yuan (far higher than the 3,200 to 3,300 yuan for enterprise employees).
- 22 million people × average annual of 70,000 to 80,000 yuan ≈ 1.5 to 1.8 trillion yuan per year.
For retirement, one still needs to be self-reliant.
Even if all 7.92 million people pay the highest social security (which is actually impossible), it barely maintains the pensions of current retirees within the system.
Let's do some calculations:
- By the end of 2024, the total number of retirees in the country will be about 140 million, among which the retirees from government and public institutions will still be between 22-25 million.
- The upper limit for basic pension insurance contributions for employees is generally 300% of the local average salary, with personal contributions at 8% and employer contributions at 16-20%. Different cities have different maximum monthly contribution bases, roughly translating to a total annual contribution of about 100,000 to 200,000 yuan for individuals and units combined (cities like Beijing, Shanghai, Guangzhou, and Shenzhen may be higher, but the national average is far below this).
- Assuming an extremely optimistic scenario: each person contributes a total of 150,000 to 200,000 yuan per year → 7.92 million newborns' total contribution after reaching adulthood is approximately 120 to 160 billion yuan per year.
- Pension expenditures for retirees within the system (government and public institutions):
- The average monthly pension is about 6,000 to 6,500 yuan (far higher than the 3,200 to 3,300 yuan for enterprise employees).
- 22 million people × average annual of 70,000 to 80,000 yuan ≈ 1.5 to 1.8 trillion yuan per year.
For retirement, one still needs to be self-reliant.
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