How much is the social security retirement salary in Xuchang, Henan?

In March 2020, for example, employees in Xuchang area can receive a pension of 630 to 6300 yuan, with an average of 1900 yuan/month (the data is for reference only).

Pension consists of basic pension and personal account pension. The higher the payment base, the higher the average wage index of the relevant parameters for calculating the basic pension, and the higher the corresponding basic pension; Personal accounts are gradually accumulated through payment over the years, and the accumulated amount of personal accounts is an integral part of calculating pensions. The employee shall pay 8% of his salary, which shall be included in his personal account. The higher the payment base, the more money will be transferred to personal accounts in proportion, the more savings will be accumulated and the higher the pension will be; On the contrary, the pension is low.

In fact, the calculation of pension is based on the sum of monthly basic pension and monthly personal account pension. The basic pension is calculated and paid according to (the average monthly salary of all employees in the province last year+my average monthly payment salary) ÷2× payment period × 1%, and the monthly pension in personal account is calculated and paid according to the balance of personal account.