Pay 15 years of social security retirement can get how much

Laborers who have paid 15 years of social security contributions, generally male compatriots are 60 years of age, female compatriots are 50 years of age, you can receive a monthly pension. It is impossible to calculate the exact amount of the pension. However, this pension can guarantee the basic life after retirement. The following is how to calculate the social insurance pension. How much the pension can be received depends on the length of the individual's contribution period, the level of the individual's contribution base and the local average social wage. Pension = Basic Pension + Personal Account Pension Personal Account Pension = Personal Account Savings ÷ Number of Months of Payment (The number of months of payment is determined according to the retirement age and the average life expectancy of the population at that time. The number of accrued months is slightly equal to (average life expectancy of the population - retirement age) X 12. At present, it is 195 at age 50, 170 at age 55, 139 at age 60, and is no longer uniformly 120.) Basic pension = (average monthly salary of the province's previous year's on-the-job workers + my average indexed monthly contribution salary) ÷ 2 × years of contributions × 1% = average monthly salary of the province's previous year's on-the-job workers (1 + my average contribution index)÷2×contribution period×1%Calculation formula: my indexed average monthly contribution salary = the province's previous year's average monthly salary of in-service employees×my average contribution index In the above formula, you can see that, in the case of the same number of years of contribution, the level of basic pension depends on the average contribution index of the individual, and the average contribution index of the individual is the ratio of the actual base of one's own contributions to the average social wage. The average value of all the years. The lower limit is 0.6 and the higher limit is 3. Therefore, in both calculations of the pension, the higher the contribution base and the longer the number of years of contributions, the higher the pension will be, regardless of the situation. The pension is provided for an indefinite period of time. As long as the recipient survives, he or she can enjoy the treatment of receiving a monthly pension, and even if the personal account pension has been used up, the basic pension will still continue to be calculated in accordance with the original standard; moreover, the personal pension will have to be increased year by year in accordance with the increase in the average monthly salary of the social workers on the job. Therefore, the longer you live, the more you can receive, which is definitely more cost-effective than paying contributions. Article 10 of the Social Insurance Law stipulates that employees shall participate in basic pension insurance, and the employer and the employee*** shall pay the basic pension insurance premiums together. Individual entrepreneurs without employees, part-time workers who do not participate in basic pension insurance with their employers, and other flexibly employed persons may participate in basic pension insurance and pay the basic pension insurance premiums by themselves. The methods of pension insurance for civil servants and staff members administered under the civil service law shall be prescribed by the State Council. Article 11: Basic old-age insurance is a combination of social coordination and individual accounts. The basic pension insurance fund consists of contributions from employers and individuals, as well as government subsidies. Article 12 The employing organization shall pay the basic pension insurance premiums in accordance with the proportion of the total wages of the employees of the organization as stipulated by the State, which shall be credited to the basic pension insurance co-ordination fund. Employees shall contribute to the basic pension insurance premiums in proportion to their own wages as prescribed by the State, which shall be credited to their individual accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance with their employers, and other flexibly employed persons who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with the state regulations, which shall be credited to the basic pension insurance co-ordination fund and the individual account respectively. Article 15 The basic pension consists of a comprehensive pension and an individual account pension. The basic old-age pension is determined on the basis of the cumulative number of years of contributions made by the individual, the wages paid, the average wages of local workers, the amount of the individual account, and the average life expectancy of the urban population, among other factors. Article 16 Individuals who have participated in basic old-age insurance and have made contributions for a total of fifteen years by the time they reach the statutory retirement age shall receive a basic pension on a monthly basis. Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the statutory retirement age may contribute until they reach the full fifteenth year, and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social old-age insurance or urban residents' social old-age insurance, and enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council.

Article 16 of the Social Insurance Law: Individuals who have participated in basic old-age insurance and have paid contributions for a total of fifteen years by the time they reach the legal retirement age shall receive a basic pension on a monthly basis. Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the statutory retirement age may contribute until they reach the full fifteen years and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social old-age insurance or the urban residents' social old-age insurance, and shall enjoy the corresponding old-age insurance treatment in accordance with the provisions of the State Council.