Is there a difference between old-age insurance retirement in Jiuyuan District and Kunming District of Baotou City?

1. Different insured areas have an impact on retirement benefits (there are differences): on the premise that the cumulative payment years, payment base and retirement time of the parties are consistent;

2. Retirement benefits are different due to different social insurance places, different subsidies for social insurance pooling accounts, and different average wages of employees.

The Social Insurance Law of People's Republic of China (PRC) stipulates that:

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.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.