How much can I get back after paying 12 social security?

12 how much social security can be refunded needs to be calculated according to local social security policies and individual contribution base.

12 social security pension calculation needs to refer to local social security policies and individual contribution base.

Usually, the calculation formula of pension is:

Pension = basic pension plus transitional pension plus personal account pension.

Among them, the calculation method of basic pension is to add the average monthly salary of employees in the whole province in the previous year and the average monthly salary paid by myself at retirement, then divide it by 2, and then multiply it by the payment period and1%;

Personal account pension is the amount of personal account storage divided by the number of months corresponding to retirement age;

Transitional pension is my indexed monthly average payment salary multiplied by deemed payment period plus 1.3%.

If the accumulated payment is less than fifteen years, you can choose to continue to pay for fifteen years, or transfer to the new rural social endowment insurance or urban residents' social endowment insurance, and enjoy the pension insurance benefits according to the regulations.

The basic functions of social security:

1. Old-age insurance: providing basic economic security for life after retirement;

2. Medical insurance: reducing the economic burden caused by medical treatment due to illness;

3. Unemployment insurance: provide a certain living allowance during unemployment;

4. Work-related injury insurance: providing medical and economic assistance to employees who have work-related injuries;

5. Maternity insurance: to guarantee the basic income and medical expenses of female employees during childbirth.

To sum up, the calculation of pension needs to be determined according to the local social security policy and individual contribution base, including basic pension, transitional pension and personal account pension. If the accumulated payment is less than fifteen years, you can choose to continue to pay for fifteen years or transfer to other old-age insurance to enjoy the treatment.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of 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.