How much can a 40,000 retired Shenzhen social security personal account get?

How much can a 40,000 retired Shenzhen social security personal account get?

The balance of Shenzhen social security personal account is 40,000 yuan. How much pension you can receive every month after retirement depends on many factors, including individual payment years, payment base and retirement age.

In Shenzhen, the calculation formula of pension is based on the years of payment, the base of payment, the average wage of local society and other factors. If the individual has a long payment period and a high payment base, the amount of pension received after retirement will be correspondingly higher.

In addition, if the personal account balance is 40,000 yuan, then the amount of pension that can be received every month after retirement needs to consider factors such as the average social wage and price level at that time. Changes in these factors will affect the adjustment and payment of pensions.

To sum up, the comprehensive influence of many factors needs to be taken into account in how much money Shenzhen social security personal account can get for 40,000 retirement. The specific amount can be calculated by consulting the local social security bureau or professional institutions.

Legal basis:

According to the provisions of Article 16 of the Social Insurance Law of People's Republic of China (PRC), individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid for 15 years. 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.