Xuzhou employee, retired in February 2023, with 29 years and 5 months working experience. What is the minimum standard for paying social security?

Xuzhou employees retired in February 2023, with 29 years and 5 months of work experience, and the minimum standard is social security. The retirement salary is 2500 yuan.

202 1 Retirement salary reimbursement standard:

1, pension replaces retired employees who have paid for a long time. For retirees who have paid 15 years or more, the corresponding amount of pension will be increased for each payment period 1 year;

2. The adjustment policy of pension replacement stipulates that employees who retire in hard and remote areas, such as Sangzhi, Xinhuang and other hard and remote areas 14 counties and cities, can receive 10 yuan replacement payment every month.

Legal basis: Article 26 of the Accounting System for Social Insurance Funds.

The expenditure of the basic old-age insurance fund for urban and rural residents includes pension insurance benefits expenditure, transfer expenditure, subsidy to lower levels, higher levels and other expenditures. Expenditure on pension insurance benefits includes basic pension and personal account pension paid to insured urban and rural residents in accordance with regulations, as well as funeral subsidies. Basic pension refers to the pension benefits that are fully subsidized by governments at all levels according to regulations for insured urban and rural residents who meet the conditions for receiving benefits. Personal account pension refers to the pension benefits paid to the insured urban and rural residents, and the one-time expenditure of personal account when the insured urban and rural residents meet the conditions for receiving pension insurance benefits. Personal account one-time expenditure refers to the expenditure that individuals who participate in the basic old-age insurance for urban and rural residents return their personal account storage due to death, going abroad (border) and repeated payment of the basic old-age insurance premiums for enterprise employees and urban and rural residents. Funeral allowance refers to the funeral allowance paid by the government to the survivors after the death of the insured in the area where the funeral allowance system is established. Transfer expenditure refers to the amount of funds transferred from individual accounts across regions or systems.