What are the basic pensions?

Basic pension consists of basic pension, personal account pension and transitional pension, that is, basic pension = basic pension+personal account pension+transitional pension. According to the relevant laws and regulations, the basic pension consists of pension and personal account pension. Pension base generally refers to "endowment insurance base", refers to the payment base of endowment insurance, and is the base for calculating the proportion of endowment insurance premiums that should be paid now.

This base is mainly related to my salary base, and has nothing to do with the future pension amount and the average social wage. But if your actual income is higher or lower than the average social wage, this base needs to be adjusted. In general, this base is determined by the average annual salary of employees in the previous year, and divided by 12 is the monthly payment base. The pension system is a retirement welfare system implemented by the state to ensure that some citizens can maintain their normal living standards after retirement or loss of work ability. Specific citizens shall follow the provisions of relevant state documents after the workers are old or lose their ability to work; As well as their contribution to society, eligibility for old-age insurance or retirement conditions, monthly or lump-sum payment of insurance benefits in the form of money is mainly used to guarantee the basic needs of these citizens after retirement, realize "a sense of security for the elderly" and relieve citizens' worries and worries about the death of old-age care, which is of great significance to social harmony and stability and to slow down the contradiction of widening gap between the rich and the poor.

Legal basis:

Article 15 of the Social Insurance Law of People's Republic of China (PRC) consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Derivative problem:

How to handle the endowment insurance?

The employee's original unit has established a personal pension account, and if the unit needs to transfer the personal account, it shall be handled according to the following procedures: 1. The insured person shall issue the "Basic Endowment Insurance Payment Certificate" to the social security institution of the original insured place; 2. The insured holds the payment voucher, household registration book, ID card, etc. Until the social security agency of the new place of employment handles the continuation relationship; 3, the new employment social security institutions to review whether the applicant meets the conditions; 4. After receiving the contact letter, the social security agency of the original insured place will clear up whether the applicant's insurance payment is in arrears and handle the transfer of the old-age insurance fund, terminate the applicant's local insurance relationship, and issue the basic old-age insurance relationship transfer and connection information form to the new insured place; 5. The social security institution of the newly insured place shall complete the relevant procedures within 15 working days after receiving the information form and the transfer fund.