Social security participation base and pension relationship

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There is no relationship.

The pension is related to the number of years and base of social security contributions. The higher the base and the more years you have paid, the more pension you will receive in the future.

The pension is calculated as follows:

1. Pension = basic pension + individual account pension

2. Individual account pension = individual account savings ÷ number of months of payout (the number of months of payout 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 (the 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)

3. Basic pension = (the province's previous year's average monthly salary of on-the-job workers + my average indexed monthly contribution salary) ÷ 2 × years of contribution × 1% = the province's previous year's average monthly salary of on-the-job workers ( 1 + my average contribution index) ÷ 2 × years of contribution × 1%

4. In the formula: my indexed average monthly contribution salary = the province's average monthly salary of the previous year's on-the-job workers × my average contribution index.