The higher the pension base, the better?

The higher the pension payment base, the better.

On the one hand, the pension payment base is determined by the average wage of employees, and the increase of pension payment base naturally means the increase of wages; On the other hand, the higher the pension payment base, the higher the retirement salary you can receive in the future, and the quality of life in the future can also be improved.

The old-age payment base is calculated according to the average wage of employees in the previous year, which means that the average wage of employees is a necessary factor to confirm the old-age insurance payment base; Secondly, the pension payment base will affect the pension level after retirement. The payment base of endowment insurance is directly proportional to retirement salary, which means that when paying endowment insurance, the higher the payment base, the more pensions you need to pay and the more retirement salary you naturally receive. The endowment insurance payment base refers to the endowment insurance payment base, and the insured needs to determine the endowment insurance payment fee according to the endowment insurance payment base. It is often based on the payment base of endowment insurance, and then the cost of paying endowment insurance is calculated according to a certain proportion.

The process of endowment insurance is as follows:

1. The applicant submits the application materials to the Social Security Bureau, and the handling personnel of the Social Security Bureau will review the materials and the applicant's conditions on the spot;

2, meet the conditions of immediate processing, and print the "flexible employment personnel to participate in the basic old-age insurance approval form", a copy of the applicant for the record, the other one signed by the applicant to confirm the record of our bureau;

3, do not meet the conditions will not be accepted, and explain the reasons to the applicant.

To sum up, old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society according to certain laws and regulations for the basic life of workers after they reach the working age limit stipulated by the state or quit their jobs because of old age.

Legal basis:

Article 12 of the Social Insurance Law of People's Republic of China (PRC)

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.