How much pension can 500 yuan get every year?

According to the regulations of China government, if you pay the old-age insurance premium in 500 yuan every year, you can get a basic pension of 253 yuan per month, but the specific pension amount will be affected by many factors.

The old-age insurance system is an important part of China's social insurance system, and its purpose is to protect the basic needs of the elderly. According to the regulations of China Municipal Government, the insured can get the basic pension by paying the old-age insurance premium in 500 yuan every year. Specifically, according to the national regulations, from 20 19 onwards, you can enjoy the basic pension by paying the old-age insurance premium 500 yuan every year for a maximum of 15 years. During this period, if it cannot be paid continuously for various reasons, the paid endowment insurance premium can be calculated cumulatively. But to receive the basic pension, you need to meet certain conditions, such as age, payment period and so on. It should be noted that in addition to the basic pension, there are also enterprise annuities, which are also common pension systems. Enterprise annuity is the welfare and old-age security provided by the unit for employees, and its financing standards and payment methods vary from company to company.

What are the amount and specific conditions for receiving a pension? The amount and receiving conditions of pension vary according to different situations. In the basic old-age insurance system, the amount and receiving conditions of pension are mainly affected by the following factors: payment period, payment amount, urban and rural resident status, etc. At the same time, different provinces and cities may have different policies. Please consult the local social security administration for details.

The old-age insurance system is an important part of China's social insurance system, which is vital to the daily life of every insured person. You can enjoy the basic pension benefits by paying the old-age insurance premium in 500 yuan every year, but the specific amount and receiving conditions vary from person to person. In order to protect their own rights and interests, it is suggested that the insured carefully understand the relevant policies and regulations, actively pay endowment insurance premiums, and ensure their own pension security.

Legal basis:

Article 10 of the Social Insurance Law of People's Republic of China (PRC), employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.