How much do you get when you retire by paying 60% of your social security

Retirement pension is about 800-1100.

The pension is calculated according to a combination of factors such as the contribution base, the number of years of contribution, the balance of the personal account, the average monthly salary of the employees in the previous year, and the retirement age. The contribution base is not exactly the same between different statuses, which also contribute at 60%, and the exact amount credited to the individual account will not be the same if the contribution base is different.

Retirement in different provinces, due to the different pension calculation base, the age of retirement is not the same, such as 55 years old retirement and 60 years old retirement, etc., the difference in pensions are very big.

These two years due to the epidemic situation, the overall economic growth rate is not very fast, in order to reduce the burden of enterprises and individuals to contribute, around the adjustment of the minimum contribution base from the proportion of the amendment, the annual increase is not a large proportion, but overall there is still a certain gap.

Pension payment standard

The pension payment standard is the monthly basic pension is equal to the basic pension plus personal account pension. The basic pension and personal account pension can be calculated according to the corresponding formula. Individuals who have participated in basic pension insurance and have made contributions for a total of 15 years by the time they reach the legal retirement age will receive a monthly basic pension.

If a person reaches the legal retirement age but has contributed for less than fifteen years, he or she can contribute until he or she reaches the full fifteen years and receive a monthly basic pension, or he or she can be transferred to the new type of rural social pension insurance or the urban residents' social pension insurance, and enjoys the corresponding old-age insurance benefits.

Rural residents who participate in the new rural social pension insurance and meet the conditions stipulated by the state shall receive the new rural social pension insurance benefits on a monthly basis. Individuals who have participated in basic old-age pension insurance and have accumulated less than fifteen years of contributions when they reach the legal retirement age can make contributions until they reach the full fifteen years.