How much does Wuhan social security pay for a 20-year pension?

The 20-year pension paid by Wuhan Social Security is 65,438+0.6% of the social wage.

Wuhan social security has been paid for 20 years, and the basic pension that can be received every month after retirement is 16% of the social wage. The average social wage in Wuhan is 9757 yuan, so according to the calculation, 16% of 9757 yuan is 156 1. 12 yuan. In addition, the specific pension amount is also affected by personal contribution index, personal account balance, length of service and other factors. For example, when a male employee retires at the age of 60 in 20 10, the average monthly salary of local employees in the previous year was 3,566 yuan, and the accumulated payment period was 15 years, and his basic pension was 427.92 yuan.

Basic pension consists of basic pension, personal account pension and transitional pension, that is, basic pension = basic pension+personal account pension+transitional pension. Among them, because China's old-age insurance system was gradually established in the 1990s, as a transitional arrangement, the transitional pension is not enjoyed by everyone. Only those who worked before the implementation of the Decision of the State Council on Establishing a Unified Basic Old-age Insurance System for Enterprise Employees (Guo Fa 199726) and retired after the implementation of the Decision of the State Council on Improving the Basic Old-age Insurance System for Enterprise Employees (Guo Fa 200538) can enjoy the transitional pension, that is,

To sum up, the monthly pension amount of Wuhan social security for 20 years will be affected by many factors, and the specific amount needs to be determined according to the actual situation of individuals.

Legal basis:

The State Council's decision on improving the basic old-age insurance system for enterprise employees

Article 6

If you retire after the implementation of this decision, and the cumulative payment period exceeds 15 years, you will be given a transitional pension on the basis of basic pension and personal account pension. The people's governments of all provinces, autonomous regions and municipalities directly under the Central Government shall, in accordance with the principle of reasonable convergence of treatment levels and smooth transition of old and new policies, formulate specific transition measures on the basis of careful calculation and report them to the Ministry of Labor and Social Security and the Ministry of Finance for the record.

After the implementation of this decision, if the retirement age is reached but the payment period is less than 15 years, the basic pension will not be issued; Personal account storage amount is paid to me in one lump sum, and the basic old-age insurance relationship is terminated.