What is the minimum wage for social security retirement in Beijing?

Legal analysis: Beijing minimum pension insurance payment index standard is 0.4. Retirees will adjust the basic pension according to the following absolute amounts: before adjusting the basic pension according to the provisions of this notice, if the monthly pension is less than 3,573 yuan, each person will increase the 60 yuan pension by 3,573 yuan and above, and if it is less than 5,073 yuan, each person will increase the 50 yuan pension by 5,073 yuan and above, and each person will increase the 40 yuan per month.

Legal basis: minimum wage regulations

Fifth minimum wage standards generally take the form of monthly minimum wage standards and hourly minimum wage standards. The monthly minimum wage applies to full-time employees and the hourly minimum wage applies to part-time employees.

Article 6 In determining and adjusting the monthly minimum wage, reference should be made to the minimum living expenses of local workers and their dependents, the consumer price index of urban residents, the social insurance premiums and housing accumulation funds paid by individual workers, the average wages of workers, the level of economic development, employment status and other factors.

To determine and adjust the hourly minimum wage, we should consider the basic old-age insurance premium and basic medical insurance premium paid by the unit on the basis of the promulgated monthly minimum wage standard, and at the same time give due consideration to the differences between part-time employees and full-time employees in terms of job stability, working conditions, labor intensity and welfare benefits.

The specific calculation methods of monthly minimum wage and hourly minimum wage are shown in the annex.