How much does social security pension pay according to the minimum base?

How much social security pension is paid according to the minimum base depends on the specific regulations of your place.

1. Pension calculation and payment methods mainly include basic pension and personal account pension.

2. The calculation formula of basic pension is: (the average monthly salary of employees in the whole province in the previous year plus my average monthly payment salary) divided by 2 times the payment period multiplied by 1%.

3. The calculation formula of personal account pension is: the amount of personal account storage divided by the number of months.

4. The number of months is determined according to the retirement age and the average life expectancy of the population at that time.

Calculation method of social security:

1. Basic concept: Social security refers to social insurance, including endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance;

2. payment base: the social security payment base usually refers to the average monthly salary of employees in the previous year;

3. Payment ratio: Different types of social security have different payment ratios, which are stipulated by the government and may be different in different regions;

4. Minimum base: the minimum base refers to the minimum payment standard stipulated by the government, and the wages below this standard pay social security according to the minimum base;

5. Maximum base: The maximum base refers to the maximum payment standard set by the government, and the wages exceeding this standard pay social security according to the maximum base.

To sum up, the amount of social security pension paid according to the minimum base is affected by regional regulations, and the calculation includes two parts: basic pension and personal account pension. The former is calculated according to the province's average salary, individual payment salary and payment period, and the latter is calculated by dividing the number of months determined according to retirement age and average life expectancy by the amount of personal account storage.

Legal basis:

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

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 a total of 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.