How much will the pension for rural people aged 60 and above be adjusted in 2020? How much money can I receive every month?

Rural elderly people have always been the focus of social attention because unlike urban residents, they do not pay pension insurance when they are young, and this concept was almost non-existent in rural areas in the past. However, as the government strengthens its attention to rural pension issues, it has also issued a series of support policies. Now people in rural areas who are 60 years old can receive a certain amount of pension. So, how much will the pension for rural people aged 60 be adjusted to in 2020? How much money can I receive every month?

How much will the pension for rural people aged 60 and above be adjusted in 2020? How much money can I receive every month?

1. How much will the pension for rural people aged 60 and above be adjusted in 2020?

The national minimum payment standard for rural pension insurance is 100 yuan/year, but now there are five different payment levels ranging from 100 yuan to 500 yuan. Large cities have added more payment levels according to the situation over time. The minimum standard in most provincial capital cities has reached 1,000 yuan/year. The highest standard in Beijing is 9,000 yuan/year, the highest in the country. The pensions received with so many payment standards are definitely different, but we focus on analyzing the most basic level of ordinary rural areas across the country.

From the perspective of the most basic level in rural areas across the country, the current payment fees are still in five levels: 100 yuan, 200 yuan, 300 yuan, 400 yuan and 500 yuan per year, while the annual subsidies given by the state are 30 yuan, 40 yuan, 50 yuan, 60 yuan and 70 yuan respectively. According to current reality, the minimum basic subsidy received by the state for people over 60 years old is 55 yuan per month , which is also the level in most rural areas at present. We use these data to calculate the current level of rural pension benefits.

2. How much money can a 60-year-old rural person receive per month?

The monthly pension that a 60-year-old rural person can receive is related to the payment level of pension insurance. The higher the payment level, the more pension he or she will receive every month. At present, the monthly pension calculation formula for rural pension insurance is: monthly pension = basic pension (70 yuan) + total personal account amount/139, where the total personal account amount is: total personal contribution + financial subsidy + bank interest, and 139 is the pension calculation coefficient.

For example, if you pay 100 yuan per year and receive a fiscal subsidy of 45 yuan, after 15 years, the monthly pension you can receive = 70 + [ (100*15) + (45*15) + (145*15*8.31%) / 139] = 70 + (1500+675+180.74) / 139 = 86 yuan. In short, the lives of farmers who receive basic pension are still insecure. They can only buy salt, rice and MSG with 86 yuan, and can no longer afford meat. It is tragic that rural elderly people live in difficult circumstances and can only rely on their children for support, but this is a fact that cannot be changed, but it will improve in the future.

In short, the lives of farmers who receive basic pension are still insecure. They can only buy salt, rice and MSG with 86 yuan, and can no longer afford meat. It is tragic that rural elderly people live in difficult circumstances and can only rely on their children for support, but this is a fact that cannot be changed, but it will improve in the future.