Measuring Pension Benefits

To calculate the amount of pension you need to take into account factors such as retirement age, the length of time you have paid into social security, the average monthly amount you have paid in, and the formula for calculating your pension.

The following factors are involved in calculating the amount of pension: 1. Retirement age: According to national policy, the retirement age is 55 for women and 60 for men. If you want to receive your pension early, you need to pay your social security contributions in advance according to the relevant regulations, otherwise you will not be able to receive your pension when you retire.2. Time spent on social security contributions: you need to have paid social security contributions for a cumulative total of 15 years in order to be eligible to receive your pension. If you have not paid for enough time, you will not be able to receive the full pension, but the amount of pension you should receive will be calculated according to the proportion of the time you have paid.3. Average monthly payment: the amount of social security payment will also affect the pension, the higher the payment, the higher the pension you will receive.4. Pension calculation formula: the state has a strict regulation for the calculation of pension, which is mainly calculated according to the social security fee that an individual has paid. The calculation is based on the amount of social security fees paid by the individual. After the calculation, the amount of the monthly pension can be calculated. To summarize, to calculate the amount of pension you need to take into account the individual's retirement age, the length of time you have been paying social security, the average monthly amount you have paid, and the formula for calculating the pension, as well as referring to the relevant state regulations for the calculation.

If I start paying social security after I retire, will I be able to receive a pension? If you do not meet the conditions for receiving a pension at the time of retirement, you can apply for a pension again after making social security contributions. However, the rules for calculating the pension will be in accordance with the latest national policy, and the exact amount will be calculated according to the actual situation of the individual.

Measuring how much pension to receive requires knowledge of the individual's retirement age, the length of time he or she has been paying social security, the average monthly contribution amount and the pension calculation formula, among other factors. After meeting the conditions set by the state, you can apply to the human resources department to receive a pension. If the conditions are not met, one can also apply for the pension again after paying the social security fees.

Legal basis:

Article 37 of the Pension Insurance Law of the People's Republic of China (PRC) If the number of years of contributions is less than 15, the basic pension shall be determined according to the proportion of the actual number of years of contributions; if the number of years of contributions is more than 15, the amount shall be increased by a certain proportion for each full year. The basic pension calculation base for the city in January the average salary of employees, the specific standards set by the human resources and social services departments of the State Council to determine the standard.