Research on the Choice of Retirement Time Based on the Perspective of Pension

DOI

10.2991/assehr.k.200331.031How to use a DOI?

Keywords

pension, early retirement, compare, calculation model, numerical simulation

Abstract

For specific female managers or female professional technicians, the policy stipulates that they can retire at the age of 60, but they can also voluntarily retire at the age of 55 upon their own application. Whether to retire at the age of 55 or 60 is the two options that need to be chosen. If employees extend their working years, their pension level will be improved correspondingly after retirement, but they need to pay more endowment insurance, and the period of enjoying pension will be shortened. This paper compares the time when the two schemes reach the balance in different interest rates and different return on investment, with the remaining life of the employees, as a reference for how to choose. Empirical research shows that the balance time is negatively related to the return on investment and positively related to the one-year deposit rate, and the pension received by the 60-year-old retirees is larger than that of the early retirees.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Suping Qian
AU  - Qiming Feng
PY  - 2020
DA  - 2020/04/02
TI  - Research on the Choice of Retirement Time Based on the Perspective of Pension
BT  - Proceedings of the 5th International Conference on Social Sciences and Economic Development (ICSSED 2020)
PB  - Atlantis Press
SP  - 143
EP  - 146
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200331.031
DO  - 10.2991/assehr.k.200331.031
ID  - Qian2020
ER  -