What is the format of social security settlement cycle?

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The Social Insurance Law stipulates: "Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. ""Individuals who participate in the basic old-age insurance reach the statutory retirement age and have paid a total of fifteen years will receive the basic pension on a monthly basis. "

Social security settlement:

Pension for enterprise retirees consists of the following three parts:

(1) basic pension: the average monthly salary of employees in the province (excluding Xiamen, the same below) and the average monthly salary of my indexed payment are the base of the basic pension, and the payment is paid to 1% every full year. The calculation formula is: basic pension = (average monthly salary of employees in this province in the previous year when the insured retires+average monthly payment salary of the insured) ÷2× payment period × 1%.

(2) Personal account pension: the monthly standard of personal account pension is the amount of personal account storage when employees retire divided by the number of months calculated.

(3) Transitional pension: "Transitional pension" refers to the insured who joined the work before the end of 1995 and whose payment period is before the end of 1995. On the basis of basic pension and personal account pension, the transitional pension is paid monthly. The transitional pension monthly standard is calculated according to the payment period of the insured person before the end of 1995, and the average monthly payment salary of the insured person is 1.3%.

Calculation of social security contributions:

Formula: social security payment base * social security payment ratio

Endowment insurance:

Unit pension insurance payment base * unit pension insurance payment ratio

Individual pension insurance payment base * individual pension insurance payment ratio

Medical insurance:

Unit medical insurance payment base * unit medical insurance payment ratio

Individual medical insurance payment base * individual medical insurance payment ratio