Shenzhen minimum pension standard

The minimum pension standard in Shenzhen is 480 yuan per month, but the specific standard depends on the local economic development level. In addition, wages should be calculated according to the endowment insurance paid by employees. You can consult the local social security department for specific conditions to avoid mistakes in the application of the law.

1. What is the minimum pension standard in Shenzhen?

The insured person receiving the pension has been registered in this city for less than 8 years, and the basic pension is 280 yuan/month; The basic pension is 480 yuan/month from the month following the 8th anniversary of the household registration in this city. According to Article 25 of the Regulations on Social Endowment Insurance in Shenzhen Special Economic Zone, if the sum of the monthly basic pension and local supplementary pension benefits of the insured who obtained the household registration in this city before reaching the statutory retirement age is lower than the average monthly salary of employees in this city in the previous year, the monthly subsidy of 5% of the average monthly salary of employees in this city in the previous year will be increased. Additional subsidies paid by the basic endowment insurance fund.

How much pension you can receive mainly depends on the length of individual payment period, individual payment base and the average wage of local society. Pension = basic pension, personal account pension.

Two. Social insurance law

Paragraph 1 of Article 16 stipulates that individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid 15 years when they reach the statutory retirement age. According to this regulation, two conditions must be met at the same time to receive the basic pension on a monthly basis: first, to reach the statutory retirement age; 2. The accumulated payment has reached 15 years.

"the State Council's decision on the reform of the endowment insurance system for staff in government agencies and institutions" was announced. The decision requires that those who have retired before the implementation of the decision continue to pay basic pensions according to the original treatment standards stipulated by the state, and at the same time implement the basic pension adjustment measures. Basic pension consists of basic pension and personal account pension. The monthly standard of basic pension at retirement is based on the average monthly salary of local employees in the previous year and my indexed monthly salary, and the payment is paid to 1% every1year. The monthly standard of personal account pension is the amount of personal account storage divided by the number of months, which is determined according to the average life expectancy of urban population when I retire, my retirement age and interest.

The above is the determination and treatment of the minimum pension payment standard in Shenzhen. In judicial practice, the handling of relevant situations should be carried out in strict accordance with the law, especially for pension payment under different economic conditions, which needs to be formulated by local governments according to actual work conditions.