Job Recruitment Website - Social security inquiry - The more you pay into social security, the higher your pension?

The more you pay into social security, the higher your pension?

Yes, the more the social security payment, the more the pension. The retirement pension generally consists of two parts: one is the basic pension, paid by the social fund, is a certain percentage of the average social wage at that time to make the standard; the other part is the personal account funds formed by the individual before paying the pension insurance. Although advocate more pay more, pay social security according to their own economic situation, can pay more years to pay more, more years of service each month to more, when the rise also rose more. Social security in the pension insurance monthly contributions, the higher the contribution, the longer the contribution time, the more pension insurance in the retirement pension will be more. The basic pension consists of a coordinated pension and a personal account pension. The basic pension is determined according to the individual's accumulated years of contribution, the contribution salary, the average salary of local workers, the amount of the individual account, and the average life expectancy of the urban population, etc. The basic pension is also determined according to the average life expectancy of the urban population. With the same number of years of contributions, the level of the basic pension depends on the individual's average contribution index, which is the calendar year average of the ratio of one's actual contribution base to the average social wage. The higher the contribution base and the longer the number of years of contributions, the higher the pension will be.

The pension is provided for an indefinite period of time, as long as the recipient survives, he or she can enjoy the treatment of receiving a monthly pension, even if the personal account pension has been used up, it will still continue to be calculated in accordance with the original standard of the basic pension, and moreover, the personal pension has to grow year by year according to the increase in the average monthly salary of the social workers on the job. Therefore, the longer you live, the more you can receive. The social insurance base, referred to as the social security base, is the social insurance contribution base of an employee in a social security year. It is determined according to the monthly average of all wage income earned by the employee from January to December of the previous year. The social insurance contribution base is an important basis for calculating the social insurance contributions to be paid by the employer and its employees and the social insurance benefits of the employees, and there is an upper limit and a lower limit, with the specific amount depending on the actual situation in each region.

Legal Basis: The Law of the People's Republic of China on Social Insurance Article 15 The basic pension consists of the integrated pension and the individual account pension. The basic pension is determined on the basis of the individual's accumulated years of contribution, the contribution wage, the average wage of local workers, the amount of the individual account, and the average life expectancy of the urban population.