Difference of social security pension in different years

The relationship between retirement time and pension: the longer the insurance payment time, the more pension you receive. 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. In the calculation of pension, no matter what the situation, the higher the payment base and the longer the payment period, the higher the pension.

Legal objectivity:

Article 16 of the Social Insurance Law: 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 accumulated contributions 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.