How much is the retirement salary of employees in Rong County, Yulin City, Guangxi?

Social security pension is equal to basic pension plus personal account pension, depending on the payment base. According to the relevant laws and regulations, the social security payment base is the payment standard of social insurance payment, and the payment amount is approved according to the base and coefficient. The social security payment base is 60% to 300% of the average social wage. For example, the average social wage is 1000 yuan, and the payment base can range from 600 yuan to 3,000 yuan.

Article 15 of the Social Insurance Law of People's Republic of China (PRC) stipulates that endowment insurance consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc. Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid for fifteen years. 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.