How much can residents get if they pay 5000 yuan a year for social security?

The calculation formula of 1. social security pension 15 is: monthly pension = basic pension+personal account pension. 1, basic pension = the average monthly salary of local employees in the previous year when I retired *20%. 2, personal account pension = my account deposit ÷ 120 If there is a unit, even if the employee has paid 15 years, but the employee has not retired, the enterprise will continue to pay until retirement; Individuals who pay social security can stop paying or continue to pay. According to the local policy, they will definitely continue to pay high salaries. Endowment insurance follows the principle of "pay more and get more". The higher the payment base, the longer the service period, and the more pensions you receive when you retire. Once the payment is stopped, it will directly affect the pension benefits after retirement. 2. When the cumulative payment period is 15, if you retire at the age of 65, you can still receive a pension for about 20 years (provided that you live to 85). Third, there are three factors that affect the amount of pension: 1, the average salary of the previous year at the time of retirement; 2. My payment period; 3. Personal account storage.

Legal objectivity:

Article 10 of the Social Insurance Law of People's Republic of China (PRC), employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.