Relationship between social security contribution base and pension

The relationship between social security contribution base and pension is as follows:

1, the social security base is related to employees' retirement wages;

2. Retirement pension consists of basic pension and personal account pension; The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

3. The social security base also affects my average contribution index, which is an important parameter in the basic pension calculation formula, so it will also affect my retirement salary in the future.

Pension means that a person retires from his job because of age or other factors. A large one-time reward that the company or employer must give. Retirement in different places and occupations has different designated ages or length of service. Employees over this age are considered unfit to continue working and can choose whether to continue working. At this time, the employer must take out a large sum of money as a reward for the hard life of the workers, as a source of living expenses and medical expenses for the elderly after not working.

Legal basis:

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

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts.

The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government.

When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.

Fifteenth basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.