What is the social security payment period, retirement age and salary in Quxian County?

The payment period of endowment insurance shall not be less than 15 years.

Retirement age of employees' social security: 60 years old for men, 55 years old for female cadres and 50 years old for female employees.

Retirement age of individual social security for flexible employees and social security for urban residents: 60 for men and 55 for women.

Pension consists of basic pension and personal account pension.

Calculation method of receiving pension:

Basic pension = (average monthly salary of employees in the whole province in last year+average monthly payment salary indexed by myself) ÷2× payment period × 1% = average monthly salary of employees in the whole province in last year (1+ average payment index by myself) ÷2× payment period × 1%.

Personal account pension = personal account deposit ÷ months (50 years old 195, 55 years old 170, 60 years old 139)

My indexed monthly average payment salary = the average salary of employees in the whole province last year x my average payment index.

Floating range of payment index: 0.6~3 = average monthly payment salary ÷ average monthly salary of employees in the whole province in last year.

Calculation of indexed monthly average payment wage (most important)

Calculate the indexed monthly average payment wage in three steps:

Step 1: Take the monthly payment salary of employees from work to retirement and divide it by the average monthly salary of employees in this city in that year to get the monthly payment index.

Step 2: Add up the monthly payment index of employees' payment years from employment to retirement and divide it by the number of months of their payment years to get the average payment index.

Step 3: Multiply the average payment index by the average monthly salary of employees in this city in the previous year at the time of retirement to get the indexed average monthly payment salary.

Number of months stipulated by the state: 50 years old 195, 55 years old 170, 60 years old 139.