What is the difference between one-year seniority pension?

There is no direct relationship between seniority and pension. Length of service refers to the length of working hours, and the relevant factors that determine the amount of pension are the payment period, payment base, local social wages and individual pension accounts. The actual payment period is regarded as the payment period, and the simple length of service has nothing to do with the pension. Only the length of service recognized by the Labor Bureau can be regarded as "deemed payment period". Personal account pension personal account storage amount is counted as months; When the transitional pension retires, the average monthly salary of employees in the province in the previous year is indexed as the payment base, and the payment period is 1.3% or 1.4%. From the calculation formula, we can know that the factors that affect your pension level include the previous year's social wage, payment period, payment base, payment wage, personal account deposit, and the number of months related to retirement age. Each of these six factors may determine the size of your pension. First of all, the basic pension payment base is multiplied by 30%, of which the payment base is the average social wage level.

Legal objectivity:

Article 15 of the Social Insurance Law of People's Republic of China (PRC) stipulates that endowment insurance 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. "Social Insurance Law of People's Republic of China (PRC)" Article 16 Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council. "People's Republic of China (PRC) Social Insurance Law" Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.