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What is the relationship between social security contribution base and pension?
Legal analysis: Deciding the amount of pension after retirement, the payment base and payment period of pension and social security, payment wages, the average salary of local employees, the amount of personal accounts, the average life expectancy of urban population and other factors are all related, which determines how much pension you can get one month after retirement.
Legal basis: Article 15 of the Social Insurance Law of People's Republic of China (PRC) consists of overall pension and individual account pension.
The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.
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