Minimum social security payment 15 years.

Minimum payment period of social security endowment insurance 15 years. At retirement age (male 60, female 55), you can get a pension, and you can get more if you pay more. Pay 20 years and get more pension every month.

Pension calculation formula:

1. The content of the personal account for endowment insurance includes three parts: the basic endowment insurance premium paid by the individual+the basic endowment insurance premium paid by the company is credited to the personal account+the interest calculated according to the social security interest rate. Obviously, the new policy will exclude the basic old-age insurance premium paid by the unit from the personal account.

2. Payment ratio: This part consists of individual payment and unit payment.

(1) Individual contributions are based on the average monthly salary of employees in the previous year (the minimum is 60% of the salary of employees in the whole city in the previous year; The highest figure is 8% of the city's employees' wages in the previous year.

(2) The unit payment is paid according to 22% of the average monthly salary of the employee in the previous year. The old policy is that 3% of individual contributions and unit contributions are all transferred to individual pension accounts, and 19% of unit contributions are transferred to social pooling, while the new policy is to transfer 3% of unit contributions to social pooling to solve the problem of empty pension accounts.

3. Pension calculation formula: "Basic pension for middle-aged people = basic pension+personal account pension+transitional pension = average monthly salary of employees in the whole city in the previous year before retirement ×20% (15 if the payment period is less than 15)+ personal account principal and interest and indexed monthly average payment salary × 120+.

"Newcomer basic pension = basic pension+personal account pension. The basic pension is calculated and paid according to 20% of the average monthly salary of employees in this city in the previous year when I retire, and the personal account pension is calculated and paid according to the amount stored in my account divided by 120. (Note: Due to objective reasons, the calculation standards of some cities in China may be different. )

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.