Guangzhou social security payment calculation formula

Refers to endowment insurance, which needs to be calculated according to the number of years employees pay social security and the amount paid by individuals.

Enjoy pension insurance benefits. Those who have paid the old-age insurance 15 years or more and reached the statutory retirement age can enjoy the old-age insurance benefits:

1, receive the basic pension on a monthly basis according to regulations until death.

The basic pension is calculated as follows:

Basic pension = basic pension+personal account pension+transitional pension = the average monthly salary of employees in the whole city in the previous year before retirement ×20% (the payment period is insufficient 15 is 15%)+ personal account principal and interest and indexed monthly average payment salary ×1payment period before the end of 997 ×

2. Death treatment. (1) Funeral expenses (2) One-time pension (3) Subsidies for immediate family members who meet the support conditions are paid monthly until the immediate family members who support them die.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.