How little money you can receive after 30 years of social security retirement in Wuping Public Institutions

You can receive it after 15 years of contributions and reaching retirement age. If the insured person meets one of the following conditions, he or she may apply to receive a basic pension on a monthly basis:

1. Participate in the basic pension insurance after July 1, 1998, reach the retirement age stipulated by the state, and have accumulated payment years ( Including deemed payment years, the same below) for 15 years or more;

2. Participate in the basic pension insurance before June 30, 1998, and reach the retirement age stipulated by the state before June 30, 2013, the cumulative payment years 10 years or more;

3. Participated in basic pension insurance before June 30, 1998, reached the retirement age stipulated by the state after July 1, 2013, and had a cumulative payment period of 15 years;

4. Those who have not participated in the basic pension insurance should participate in the basic pension insurance before June 30, 1998, go through the insurance supplementary payment procedures after July 1, 1998, reach the retirement age stipulated by the state, and have a cumulative payment period of 15 years.

Received on a monthly basis:

1. Basic pension = (average monthly salary of employees in the province in the previous year × a + my average indexed monthly contribution salary) ÷ 2 × payment period ( (Including deemed payment period) It is the monthly payment amount.

Note: The basic pension is adjusted annually in July every year according to the plan announced by the province.