What is the pension after the social security base of 4575?

After the social security base is 4575, the pension is determined according to the situation in different regions, and the calculation method of retirement salary is the sum of basic pension and personal account pension.

Basic pension = the average monthly salary of local employees in the previous year when the insured retires. The average monthly payment salary is divided by the accumulated payment period of the individual multiplied by one percent, and the personal account pension is equal to the amount stored in the personal account divided by the number of months. The social security payment base, referred to as social security base, refers to the social insurance payment base of employees in a social security year. It is determined according to the average monthly wage income of the employee from the previous year 1 month to1February. The social insurance payment base is an important basis for calculating the social insurance premiums and social insurance benefits paid by employers and their employees, and there are upper and lower limits. The social security payment base is 60% to 30% of the average social wage. Social security will verify the social security base at a fixed time and place every year, and release the latest minimum base and maximum base.

To sum up, employees should participate in the basic old-age insurance, and employers and employees should jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund.