How much does it cost to pay 1200 social security retirement every month?

Social insurance fee per month 1.200 yuan. If you retire after 2005, you can get 2300 yuan a month. Social security paid 15 pension.

The calculation formula is: monthly pension = basic pension+personal account pension.

Basic pension = the average monthly salary of local employees in the previous year when I retire ×20%.

Pay social security 1200 every month, and you can get a pension of 2300 yuan in 15 years.

The social insurance premium is 20% of the average social wage. 12% included in the overall planning. 8% into personal accounts.

At present, the standard base of social security premium in this area is 1000 yuan per month.

Legal basis:

Article 16 of the Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach 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.