The more years of social security contributions, the higher the pension?

The longer the social security payment period, the higher the future pension may be.

First, the relationship between social security payment period and pension.

The years of social security payment refers to the years when workers actually pay social insurance premiums in their career. In China, there is a positive correlation between social security payment period and pension. In other words, the longer the payment period, the more the accumulated payment amount, and the higher the pension in the future.

Second, the calculation method of pension

The calculation of pension usually includes basic pension and personal account pension. The basic pension is determined according to the payment period, payment amount and local average wage. Personal account pension is calculated according to the employee's individual contribution and investment income. Therefore, the longer the payment period, not only the basic pension will increase correspondingly, but also the personal account pension will accumulate more.

Three, other factors to improve the pension

The amount of pension is influenced by other factors besides the years of payment, such as the amount of payment, investment income, retirement age and so on. Workers can increase the accumulation of pension by increasing the amount of contributions, choosing high-yield investment methods, delaying retirement, etc.

Fourth, the social security system has been continuously improved.

With the continuous improvement of China's social security system, the methods and standards for calculating and distributing pensions are gradually adjusted and optimized. The government will adjust the pension policy in a timely manner according to the economic and social development and financial situation to ensure the basic living needs of employees.

To sum up:

The longer the social security payment period, the higher the pension you will receive in the future. But this is not the only influencing factor. Workers need to pay attention to the amount of contributions, investment income, retirement age and other factors in order to comprehensively improve the accumulation of pensions. At the same time, with the continuous improvement of the social security system, the government is constantly striving to optimize the pension policy to ensure the basic needs of workers.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 16 stipulates:

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. 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.