Provisions of Shenzhen Municipality on the Duration of Social Security Payment

15, you can get a monthly pension when you reach retirement age, but this is seriously not recommended. The pension gap after 35 years' payment is far more than double that when paying 15. Moreover, when retirees receive salary increases in the future, long-term payment is much more than short-term payment. According to the current regulations, the insured person's payment period has accumulated to 15 years, and he can receive a monthly pension when he reaches retirement age. The amount of pension is related to the base of payment and the length of payment period. The longer the payment time, the higher the payment base and the higher the pension, and vice versa. Therefore, we suggest that you pay 15, and continue to pay the endowment insurance according to the regulations until retirement age. If it is really difficult to pay, when the retirement age is reached, the pension will be paid according to my actual payment period. The calculation of pension depends not only on your payment base, but also on your payment index and payment period. Pay 100% every year, and your payment index will be recorded as1; Pay 60% and your payment index will be recorded as 0.6. Use the weighted average method to calculate your annual payment index and get the average payment index of the whole payment cycle. The higher the payment index, the longer the payment period and the higher your pension. Therefore, 60%, 80% and 100% determine your payment base and payment index. For the same person, the pension calculated by 100% is definitely higher than that calculated by 80% and 60%. However, the growth rate is not a proportional increase, on the contrary, it is not a proportional decrease. There is no way to predict the increase or decrease, because the pension is the result of comprehensive calculation of several indicators.

Legal objectivity:

Article 16 of the Social Insurance Law of People's Republic of China (PRC) * * * Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at 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. People's Republic of China (PRC) Social Insurance Law Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner. Article 19 of the Social Insurance Law of People's Republic of China (PRC) * * * If an individual is employed across the overall planning area, his basic old-age insurance relationship will be transferred accordingly, and the payment period will be calculated cumulatively. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.