The pension system in the United States can be divided into supplemental security income, individual retirement account, company retirement plan (411K), pension, etc. According to the statistics of the American Social Security Bureau, Americans' pension funds after retirement mainly come from the following aspects. Supplemental security income accounts for about 39% of the pension. The retirement plan of a company or government accounts for about 19% of the pension. Income from personal stocks and securities accounts for about 26% of the pension. The income from other assets accounts for about 1.3% of the pension, and other income accounts for about 3% of the pension. It can be seen from the above sources and proportions of American pensions that American pensions do not rely solely on pensions, but are combined in various ways, so they have great financial knowledge in pensions. If they don't manage their finances, they will not only ignore you, but may even break the bank.

1. supplemental security income system in the United States

People who work in any company or government department in the United States can receive social security payments from the government every month when they retire, as long as they have accumulated 41 points. Because everyone's income is different, the social security money they receive will be different. Generally speaking, the supplemental security income that retirees receive each year accounts for less than 41% of their pre-retirement income.

if a person with an annual salary of $75,111 receives social security money at the age of 66 and a half, how much social security money can he receive every month? There is a model for calculating the social security fund in the United States, that is, it is calculated according to the monthly salary plus two calculation points. The first calculation point is $681, the second calculation point is $4,111, and the monthly salary of a person with an annual salary of $75,111 is $6,251. If he retires in 2117, his monthly social security fund can be calculated as follows: 91% (681)+32% (42%).

2. Teachers' pensions in public schools

The calculation model of teachers' pensions is similar to that of federal government civil servants' pensions, that is, the percentage points are multiplied by the working hours and the average salary in the last three years. In Maryland, the percentage of teachers is 2.5%. If a teacher retires after 31 years of work, his average annual salary in the last three years of work is $61,111. According to the formula, the annual pension that the teacher can receive after retirement is: 2.5% < P > x 31 x 61111 = < P > 45,111, which is equivalent to 75% of the annual salary before retirement.

3. Retirement system of American civil servants

The pension benefits of federal civil servants mainly depend on the level of wages and the length of working hours. Under the federal employee retirement system, when government employees who have worked for 31 years at the age of 55, 21 years at the age of 61 and 5 years at the age of 62 retire, their pension calculation standards are basically the same. After working for 31 years and retiring at the age of 55, government civil servants can receive a pension of 1.1% of the three-year average of the highest income multiplied by the working years. If a civil servant with an annual salary of $75,111 retires after working for 31 days, the formula for calculating his annual pension is: 75,111 < P > x 1.1% x 31 = < P > 24,751 dollars, which is equivalent to 33% of his pre-retirement salary. If the civil servant reaches the age of receiving the full social security payment, he can receive the social security payment of $23,521 per month. The total pension and social security fund is $48,271, which is equivalent to 64% of the annual salary before retirement. For civil servants who retire under the age of 62 and have worked for less than 21 years, the pension is 1% of the three-year average of the highest income multiplied by the working years.

The pension system of state and local government employees in the United States is slightly different according to the situation of each state, but it is basically supplemental security income plus pension. The pension calculation of these civil servants is basically the same as that of the federal employee retirement system, mainly based on the length of employees' working hours multiplied by a certain percentage (1.5%-2%) of the highest annual salary within 3 to 5 years. For example, the average annual salary of a state government employee is $81,111, and he retires after working for 31 years. According to the ratio of 2%, the calculation result is $81,111 x < P > 2% x 31 = $48,111, and the government employee can receive an annual pension of $48,111 after retirement, which is equivalent to 61% of the highest salary before retirement.

4. Retirement system of American private companies

In the past, many private companies in the United States also adopted employee welfare pension system, especially the industries organized by trade unions tend to adopt this retirement system, and all employees' pensions are borne by employers. In 1978, 41% employees of American private companies participated in this retirement benefit system, and in 2118, the proportion of employees of private companies participating in this retirement system dropped to 21%. At present, most private companies in the United States adopt an input pension system.

In the input pension system, the pension that a person can get depends largely on his income. Let's take a look at specific examples. An accountant retires after working for 31 years. His average annual salary for 31 years is $91,111. He joined the 411k retirement plan, and the employer invested 3% of his annual salary in his retirement plan every year, which was $2,711 per year and $81,111 per 31 years. The accountant himself invests 5% of his annual salary in the retirement plan every year, which is $4,511 per year and $1,351,111 every 31 years. Employers and individuals have invested $216,111 in retirement plans in the past 31 years, which is only the principal. The accumulated retirement funds in the past 31 years will be invested in the stock market or * * * the same fund market. According to the annual rate of return of 9%, the funds in the 411k retirement plan will be a lot of money when they retire.

Chefs are low-paid jobs in the United States, with a median annual salary of $31,111. If a chef also joins the 411k retirement plan, the employer will invest 3% of his annual salary in his retirement plan every year, which is $911 every year and $27,111 every 31 years. The chef himself invests 5% of his annual salary in his retirement plan every year, which is $1,511 a year and $45,111 every 31 years. Employers and individuals have invested $72,111 in retirement plans in 31 years. After 31 years' work, due to different incomes, the accumulated principal of only 411k retirement plan will be quite different, and if the investment income is added, the difference between the two will be even greater.