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How much can I get when I retire after the minimum payment base of social security 15?
Personal account pension+basic pension. Two plus one is the total amount you can get every month after retirement.
Personal account pension is the 8% pension insurance that we pay by ourselves every month, and it will all go into your personal pension account. After retirement, we will divide the total amount by the number of payment months and send it to you every month.
Basic pension = (when I retire, the average monthly salary of employees in the whole province in the previous year+my indexed monthly average payment salary) /2× payment period × 1%.
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.
I hope the above content can help you. If in doubt, please consult a professional lawyer.
Legal basis:
Article 15 of the Social Insurance Law of People's Republic of China (PRC)
The basic pension 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.
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.
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