Shenzhen account to pay 15 years of social security, how much money can be received each month after retirement

Paying 15 years to reach the retirement age is possible to receive.

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

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

Participating in basic pension insurance before June 30, 2013, with an accumulated contribution period of 15 years; and

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;

Participating in basic pension insurance before June 30, 1998, but not yet participating in basic pension insurance, and applying for retroactive contribution procedures after July 1, 1998;

Participating in basic pension insurance before June 30, 1998, but not yet participating in basic pension insurance before June 30, 1998, and applying for retroactive contribution procedures after July 1, 1998 After July 1, 1998, they will go through the procedures of participating in the insurance to make up for the contributions, and reach the retirement age stipulated by the State, with the accumulated contribution period of 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 each year according to the program published by the province.