How much can social security pay for retirement according to the minimum standard?

According to the minimum social security payment, the pension is:

1, basic pension = 8467 * (1+0.4)/2 * 31*1%=1837.34 yuan.

2. Personal account pension = 55000/ 195 = 282.05 yuan.

3. Transitional pension = 423.35+203.438+0 = 626.56 yuan.

Among them, 8467 *1* 5 *1%= 423.35 yuan; 8467 * 0.4 * 6 * 1% = 203.438+0 yuan.

4. Basic pension at retirement = basic pension+personal account pension+transitional pension =1837.34+282.05+626.56 = 2745.95 yuan.

"Social Insurance Law of People's Republic of China (PRC)" 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 for fifteen years at 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.

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.