Shanghai to pay social security field retirement how to calculate

Depends on the individual's social security payment, retirement age, wage base and the relevant policies of the retirement place and other factors.

I. Social security payment

Individuals who pay social security in Shanghai will be entitled to enjoy the corresponding benefits of social security if they have accumulated enough years of social security payment before retirement. The number of years of social security contributions will directly affect the calculation of the pension.

The retirement age

Retirement age is one of the important factors in determining the amount of pension. According to national regulations, the normal retirement age is 60 years old for men and 55 years old for women (or 50 years old, depending on the specific type of work). Upon reaching the legal retirement age, an individual may apply for retirement and begin receiving a pension.

Three, the wage base

The wage base is an important basis for calculating the pension. Generally speaking, the higher the wage base, the higher the pension will be. Therefore, individuals should choose the wage base according to their own situation when paying social security, so that they can get a higher pension when they retire.

Four, the retirement policy

For individuals who pay social security in Shanghai but retire abroad, the calculation of the pension will also be affected by the relevant policies in the place of retirement. The social security policies of different regions may differ, so when calculating the pension, you need to take into account the policy provisions of the place of retirement.

In summary:

The method of calculating the retirement pension for a foreigner who pays social security in Shanghai is a complex process that involves the comprehensive consideration of a number of factors. Individuals should understand and comply with the relevant policy provisions when paying social security to ensure that their rights and interests are protected. At the time of retirement, the amount of pension should be reasonably calculated according to their own situation and the policy regulations of the place of retirement.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 16 stipulates:

Individuals who have participated in basic old-age pension insurance will receive a basic pension on a monthly basis if they have contributed for a total of fifteen years by the time they reach the legal retirement age. Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the legal retirement age may contribute until they reach the full fifteen years, and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social old-age insurance or the urban residents' social old-age insurance, and enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council.

Shanghai Municipal Social Insurance Regulations

According to the specific regulations of Shanghai, for individuals who pay social security contributions in Shanghai, the calculation method and standard of their pension will follow the relevant policy regulations of Shanghai. These regulations may involve the formula for calculating the pension, the determination of the salary base, and the determination of the number of years of contribution. Therefore, when calculating the pension, individuals should refer to the relevant regulations and policies of Shanghai at the same time.