How much can I get after paying 18 social security?

How much money you can get after retirement needs to be calculated according to the specific payment base, payment period, average salary of local employees and other factors.

The calculation of pension involves many factors, including individual payment base, payment period, average salary of local employees, etc. Pension consists of basic pension and personal account pension. The calculation formula of basic pension is: the average monthly salary of employees in the whole province in the last year plus the average monthly payment salary of myself, divided by 2, and then multiplied by the payment period of 1%. Personal account pension is the amount of personal account storage divided by the number of months. The number of months is determined according to the retirement age and the average life expectancy of the population at that time, which is roughly (average life expectancy-retirement age) multiplied by 12. The amount you can receive every month after retirement needs to be calculated according to these parameters.

Calculation method of social security:

1, determination of payment base: usually based on the average salary of individuals in recent years, combined with the upper and lower limits of the local social security payment base;

2. Cumulative payment years: The calculation of pension will consider the individual's cumulative payment years. The longer the payment period, the more pensions;

3. Application of replacement rate: Calculate the pension according to the individual payment base and payment period and the local replacement rate;

4. The influence of average wage: the calculation of pension will also refer to the average wage level of local employees and be combined with the individual contribution base;

5. Consideration of adjustment coefficient: After retirement, the pension may be adjusted according to factors such as price index and average wage increase.

To sum up, the calculation of pension is a complicated process, which involves many variables, such as individual payment base, payment period and average salary of local employees. , composed of basic pension and personal account pension. The specific amount needs to be determined through a series of formulas combined with the actual situation of individuals and regional standards.

Legal basis:

People's Republic of China (PRC) social insurance law

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 a total of fifteen years when they reach the statutory retirement age. 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.