Conditions and standards of social security collection and payment

Two conditions for receiving social insurance pension after retirement:

1, the actual payment period of the insured is more than 10 years (1September 30th, 998 or before) or 15 years (1June, 998 10 and after);

2. The insured person reaches the statutory retirement age (if he reaches the retirement age and the payment period is insufficient, he will continue to pay until he pays in full).

Pension calculation and payment method: If the retirement age is reached and the accumulated payment period reaches 10 or 15 or above, the basic pension will be calculated and paid according to the following methods: monthly basic pension = basic pension+personal account pension.

Pension calculation method:

1, basic pension = (when retiring, the average monthly salary of employees in the whole province in the previous year is ten times of the average monthly payment salary) /2× my payment period) × 1%.

2. Personal account pension = the amount of personal account storage at retirement/the number of months corresponding to my retirement age. If there is an one-child certificate, the total pension will increase by 5%. 65438+1September 30, 998 or before, there is also a transitional pension.

Three factors affecting the amount of pension:

1. When I retired, I saved the salary of the previous year (the salary in the province is rising every year, and the pension is also rising year by year. Therefore, the later the retirement time, the more pensions);

2 my payment period (including actual payment period and deemed payment period). The longer the payment period, the more pensions);

3. Personal account amount (the more contributions, the more pensions). The local regulations will be different, and the policy of the insured place shall prevail.

legal ground

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

Tenth employees should participate in the basic old-age insurance, and employers and employees should 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. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; 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.