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?
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.
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