How much does social security 1200 pay for retirement every month?

After conversion, it can be seen that the personal contribution base is 4,500 yuan, which has been paid 15 years and has been paid at 60%. The average salary of local employees on the job is 7,500 yuan, and they retire at the age of 60:

Basic pension: (7500+7500* contribution index 0.6)&; Leather; 2* Payment period 15* 1%=900 yuan.

Personal account pension: 4500*8%* 12* payment period 15/ calculated months 139=466 yuan.

The exact amount of pension can be calculated as 900+466= 1366 yuan.

This is the calculation data without calculating the pension interest of individual accounts and increasing the payment base.

Personal formal pension can only be judged when the current personal account balance is retired.

How much to pay 1200 per month for social security retirement depends on the pension receiving area when you retire and the payment period and amount during your working period. For example, if you retire in Beijing and pay 1.200 yuan social security every month for 15 years, you can get as much as 1.200 yuan's basic pension when you retire. However, the amount of pension will also be affected by your payment index, payment period and the average salary of local employees. So the specific amount of pension needs to be calculated according to your personal situation. It is recommended that you consult the local social security department or pension management institution for more accurate information.

After paying the old-age insurance 15 years, you can retire when you reach the legal retirement age. The amount of pension after retirement consists of two parts: personal account pension and basic account pension. The endowment insurance paid by individuals is included in personal accounts, and the endowment insurance paid by units is included in basic deposit account. Calculation method of pension: pension = personal account pension+basic account pension = personal account pension savings ÷ number of payment months ÷ basic account pension = (average monthly salary of employees in the province last year+average monthly salary of myself) ÷2× payment period × 1%, in which personal account pension not only pays the amount of pension insurance, but also bears interest every year. In the past, the number of months was determined according to the retirement age and the average life expectancy at that time. At present, the retirement age of 50 is 195, that of 60 is 139, and that of 65 is 10 1. The earlier the retirement age, the longer the number of months, and the less the monthly pension.

To sum up, after the conversion, it can be seen that the individual contribution base is 4,500 yuan, which has been paid 15 years and has been paid at 60%. The average salary of local employees is 7500 yuan. Retirement benefits at the age of 60: basic pension: (7500 7500* contribution index 6) PITE; 2* Payment period 15* 1%=900 yuan. Personal account pension: 4500*8%* 12* 15 years payment period/139 months payment period =466 yuan. The exact amount of pension can be calculated as 900 466= 1366 yuan. This is the calculation data without calculating the pension interest of personal account and the increase of payment base. An individual's formal pension can only be judged when the current personal account balance is known in the year of retirement.

Legal basis:

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

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.

Article 4 Employers and individuals in People's Republic of China (PRC) shall pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.