Ledong account has been paid in Haikou for 15 years. Can I retire in Haikou?

Workers in Nanjing have paid endowment insurance for ten years, but when they reach retirement age, the social security is not enough 15 years, so they can pay 15 years in one lump sum, so they can receive a monthly pension.

How much pension you can receive mainly depends on the length of individual payment period, individual payment base and the average wage of local society.

Pension, basic pension, personal account pension

Personal account pension personal account storage amount/months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. Calculate the month is slightly equal to (average life expectancy-retirement age) 12. At present, 50 years old is 195, 55 years old is 170, and 60 years old is 139.

Basic pension (the average monthly salary of employees in the province last year is indexed by the average monthly payment salary) ÷2× payment period × 1 the average monthly salary of employees in the province last year (1) ÷2× payment period × 1.

In the formula: my indexed monthly average payment salary × my average payment index.

As can be seen from the above formula, under the same payment period, the level of basic pension depends on the average payment index of an individual, that is, the historical average of the ratio of his actual payment base to the average social wage. The lower limit is 0.6 and the upper limit is 3. Therefore, in the two kinds of calculation of pension, the higher the payment base and the longer the payment period, the higher the pension. Pensions are fixed indefinitely. As long as the recipient is alive, he can enjoy a monthly pension. Even if the personal account pension has been used up, he will continue to pay the basic pension according to the original standard. Moreover, personal pension will increase year by year with the increase of the average monthly salary of employees in society. Therefore, the longer you live, the more you can get, which is definitely more cost-effective than paying.

Legal basis: Article 10 of the Social Insurance Law, 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.

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.