How much is the 60-year-old pension every month?

The monthly amount of the 60-year-old pension is as follows:

1. The total personal account consists of 45,000 yuan and 2,400 yuan of government subsidies. According to the specific calculation method, the monthly basic pension for 60-year-old retirees is about 466 yuan.

2. Pension is not limited by time. Before receiving the life, even if the funds in the personal account are exhausted, they will still be paid according to the original standard.

3. The pension amount will be adjusted every year according to relevant factors.

Calculation method of pension:

1, personal account pension: obtained by dividing the amount of personal account storage by the calculated number of months;

2. Basic pension: determined according to the standards set by the local social security bureau;

3. Transitional pension: it can be calculated according to factors such as the salary level before the individual's insurance and the number of years of insurance;

4. Pension for individual payment years: according to different payment years, the pension will be increased according to a certain proportion;

5. Regional differential pension: Different regions may have different subsidy policies.

To sum up, the monthly basic pension for 60-year-old retirees is about 466 yuan, which consists of personal accounts and government subsidies. The pension is not limited by time and guarantees lifelong payment. At the same time, the pension amount will be adjusted every year according to specific factors to adapt to economic and social changes.

Legal basis:

People's Republic of China (PRC) Rural Revitalization Promotion Law

Article 54

The state improves the social security system of urban and rural planning, establishes and improves the security mechanism, and supports rural areas to improve the level of social security management services; Establish and improve the mechanism for determining the basic old-age insurance benefits for urban and rural residents and the normal adjustment of basic pension standards to ensure that the basic old-age insurance benefits for urban and rural residents are gradually improved with economic and social development. The state supports farmers to participate in the basic old-age insurance and basic medical insurance for urban and rural residents in accordance with regulations, and encourages qualified flexible employees and agricultural industrialization employees to participate in social insurance such as basic old-age insurance and basic medical insurance for employees. The state promotes the coordinated development of the urban and rural minimum living security system, improves the level of social assistance such as poverty alleviation in rural areas, strengthens care services for rural left-behind children, women and the elderly, the disabled and children in distress, and supports the development of inclusive old-age care services and mutual assistance for the elderly in rural areas.

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.