Retirement Zibo social security in 2017 to pay enough fifteen years to receive how much money

Participants who meet one of the following conditions may apply for a monthly basic pension:

Participating in basic pension insurance after July 1, 1998, reaching the retirement age specified by the state, with an accumulated contribution period (including deemed contribution period, the same below) of 15 years;

Participating in basic pension insurance before June 30, 1998, reaching the retirement age specified by the state before June 30, 2013, with an accumulated contribution period of 10 years;

Participating in basic pension insurance before June 30, 1998, and reaching the retirement age specified by the state before June 30, 2013

Participating in basic pension insurance before June 30, 1998, and reaching the retirement age stipulated by the state after July 1, 2013, with a cumulative contribution period of 15 years;

Taking part in basic pension insurance before June 30, 1998, but not yet participating in basic pension insurance after July 1, 1998, and reaching 15 years of cumulative contribution period. for the formalities of participating in the insurance to make up for the contributions, reaching the retirement age stipulated by the state, and the accumulated contribution period has reached 15 years.

Monthly payment:

Basic pension=(average monthly salary of on-the-job workers in the previous year in the province×a+indexed average monthly contribution salary of the person)÷2×years of contribution (including deemed years of contribution)×1%;

Personal account pension=personal account reserve÷months of personal account pension;

The sum of the above two items is monthly payment

The sum of the above two items is the monthly pension amount.

Note: The basic pension is subject to annual adjustment in July every year according to the program announced by the province.