Social security payment difference between 15 and 16

Hello, the difference between pension insurance payment 15 and 16:

According to the calculation formula of old-age insurance (basic pension+personal account pension), it is assumed that when male employees retire at the age of 60, the average monthly salary of employees in the province last year is 3,000 yuan. The longer the accumulated payment period, the higher the basic pension and the higher the endowment insurance.

1, when the average individual payment base is 0.6:

When the cumulative payment period is 15 years, the basic pension = (3,000 yuan+3,000 yuan× 0.6) ÷ 2×15×1%= 360 yuan;

When the cumulative payment period is 16 years, the basic pension = (3,000 yuan+3,000 yuan× 0.6) ÷ 2×16×1%= 384 yuan.

2. When the average individual payment base is 1.0:

When the cumulative payment period is 15 years, the basic pension = (3,000 yuan+3,000 yuan×1.0) ÷ 2×15×1%= 450 yuan;

When the cumulative payment period is 16 years, the basic pension = (3,000 yuan+3,000 yuan×1.0) ÷ 2×16×1%= 480 yuan.

3. When the average individual payment base is 3.0:

When the cumulative payment period is 15 years, the basic pension = (3,000 yuan+3,000 yuan× 3.0) ÷ 2×15×1%= 900 yuan;

When the cumulative payment period is 16 years, the basic pension = (3,000 yuan+3,000 yuan× 3.0) ÷ 2×16×1%= 960 yuan.