How much can you get after paying 15 years of social security in Wuhan

After paying 15 years of social security in Wuhan, the personal account pension is calculated as follows:

Personal account pension = personal account storage amount divided by the number of months of issuance , the personal account storage amount is mainly derived from the usual personal payment and its annual interest. The specific amount can enter the APP query. The number of months of payment in general only need to remember three can: 50 years of age retirement 195. 55 years of age retirement 170. 60 years of age retirement 139. later if the implementation of delayed retirement will be changed.

The benefits of paying social security are as follows:

1, basic security in old age. Individuals who participate in the urban and rural residents' pension insurance, aged 60 or above and have paid contributions for a total of 15 years, can receive a monthly pension to provide basic protection for old age.

2. Individual contributions go entirely to the individual. All the premiums paid by an individual go into the personal account, and the premiums paid every year are accumulated in the personal account and belong to the individual.

Adding value to the funds in the individual account. Individual accounts include the pension insurance premiums paid by individuals, government subsidies, and investment and operation income. For example, government subsidies and bank interest will increase the funds in the personal account.

3. The state pays in full after age 71. After a participant reaches the age of 60, he or she can receive a monthly pension for life. If the funds in the individual account are exhausted after age 71, the remaining pension will be paid by the state.

4. Low threshold for participation. Urban and rural residents' medical insurance has a low threshold for participation and is applicable to all kinds of people, including those with different physical conditions and ages.

5. Social harmony and stability. By providing pension and medical insurance, it helps to promote social harmony and stability.

Summary: Urban and rural residents' medical insurance embodies the spirit of reciprocity and mutual aid, helping to relieve the potential poverty of the insured.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 20

The State establishes and improves the new rural social pension insurance system. The new rural social pension insurance system combines individual contributions, collective subsidies and government subsidies.

Article 22

The State establishes and improves the social pension insurance system for urban residents. The people's governments of provinces, autonomous regions, and municipalities directly under the central government may, in the light of the actual situation, combine the social pension insurance for urban residents with the new rural social pension insurance.