Calculation method of Xuzhou pension

The calculation method of Xuzhou pension is as follows:

1. Anyone who has not reached the national statutory retirement age can participate in the basic old-age insurance for enterprise employees. However, those who reach retirement age and pay less than 15 cannot receive basic old-age insurance on a monthly basis. Therefore, how many years have you paid endowment insurance to receive the most endowment insurance? You should take part in endowment insurance as soon as possible. The longer the insurance period, the more contributions will be made, and the more pensions will be received after retirement in the future;

2. The insured must reach retirement age and pay the old-age insurance premium 15 years or more before receiving the basic old-age insurance premium on a monthly basis. After participating in the basic old-age insurance, the payment is interrupted for some reason, and it cannot be paid back during the interruption period, and the payment can be continued in the future. The insurance premium paid before the interruption of payment will not be invalidated, and the social security agency has sealed it. The old-age insurance premiums paid before and after the interruption of payment can be calculated together.

The requirements for receiving a pension are as follows:

1, reaching retirement age. Normal retirement: male employees reach 60 years old, female employees reach 50 years old, and female cadres (management positions) reach 55 years old. Early retirement for special jobs: male employees are over 55 years old and female employees are over 45 years old. Early retirement due to illness: male employees are over 50 years old and female employees are over 45 years old;

2. Arrive at the payment date. The cumulative payment period (including deemed payment period) exceeds 15 years. So for the average person, as long as you pay 15 years and reach retirement age (the policy of delaying retirement is still under study), you can receive a monthly pension.

To sum up, when the insured reaches the statutory retirement age, he can receive the basic pension on a monthly basis if he has paid for fifteen years.

Legal basis:

Article 15 of the Social Insurance Law of People's Republic of China (PRC)

The basic pension 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.