What is the use of rural social security in Wuhan?

After paying the old-age insurance 15 years, you can receive a monthly pension.

Monthly receipt:

Basic pension = (last year's average monthly salary of employees in the province ×a+ my average monthly payment salary) ÷2× payment period (including deemed payment period) ×1%;

Personal account pension = personal account storage amount ÷ personal account pension calculation and payment months;

The sum of the above two items is the monthly payment.

Note: The basic pension is adjusted in July every year according to the unified plan announced by the whole province.