Shenzhen account paid 15 years of social security if you continue to pay the pension is higher?

The pension is related to the amount of contributions, the total number of years, the age of retirement, the average social wage in the region and other factors.

Generally, the pension entitlement of retirees in various places (for example, enterprise workers) is: personal account pension + basic pension + other allowances.

(1) Personal account pension. The total amount of funds in the personal account is divided by a certain number, which is determined by the age at retirement.

Retirement age Number (months of personal account pension accrual)

45 216

50 195

55 170

60 139

65 101

Assumption: Retirement at age 60, with 69,500 yuan in the personal account at retirement. Individual account pension = $69,500 / 139 = $500.

(2) Base pension. The number of years of contributions multiplied by 1% multiplied by the average monthly salary of the local community in the year of retirement.

Assuming a monthly salary of 4,000 yuan and 25 years of contributions.

Base pension = 25 years * 1% * 4,000 yuan = 1,000 yuan per month.

Note 1: This is assuming that contributions have been made at the local average wage level. The 1% figure will be high, such as 2%, if contributions are high, and will be less than 1%, such as around 0.7%, if contributions are low.

Note 2: In general, it is in 1992 that individual contributions began. 1992 years of service, as long as there is a contract, archives and other proof, all counted as having paid, called the deemed contribution years.

In the case of the above (1) and (2) examples, the total of the two is 1500 yuan per month.

(3) Other allowances. Senior worker, model worker, only child, local supplement, old age allowance, transition allowance, and contribution period allowance.

All of the above, constitute the pension for the first month of retirement. Generally there may be an upward adjustment of a certain percentage each year, which in 2016 was about 6.5%.