Employee social security payment 20 years can receive how much

How much you can receive after 20 years of social security payment depends on the specific regulations of your location.

According to China's social insurance system, the amount of pension an employee receives after 20 years of social security is made up of two parts: a basic pension and a personal account pension. The formula for calculating the basic pension is: (the average monthly salary of the province's on-the-job workers in the previous year multiplied by a plus the average indexed monthly contribution salary of the person) divided by 2 multiplied by the number of years of contribution multiplied by 1%. The amount of personal account pension is the balance of personal account pension divided by 120. The specific amount of pension is also affected by factors such as contribution base, contribution ratio, contribution period, etc., and the state will adjust the pension level according to the growth of the average salary of the employees and the rise of the prices in due course. Therefore, the exact amount of pension you can receive needs to be determined according to the specific regulations of your region and your contribution situation.

Calculation of social security benefits:

1. Calculation of social security benefits usually involves the number of years of individual contributions, the contribution base and local social security policies;

2. Calculation of pension may include three parts: basic pension, personal account pension and transitional pension;

3. The formula for calculating the pension may vary in different regions, and you need to refer to the specific regulations of local social security bureaus;

4. Social security benefits may also be affected by the growth rate of individual wages and the growth rate of average social wages;

5. Before receiving social security benefits, you need to go through retirement procedures and meet the legal retirement age requirements.

In summary, the amount of pension that an employee can receive after 20 years of social security payment needs to be determined according to the specific regulations of the location, including the basic pension and personal account pension. The formula and amount of the pension are affected by a variety of factors, such as the contribution base, the contribution ratio, and the number of years of contributions. The state will also adjust the pension level at the right time according to the growth of the average salary of employees and the rise in prices. Therefore, the exact amount of pension you can receive needs to be determined according to the specific regulations and contribution status of the region where you live.

Legal basis:

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

Article 15

The basic pension consists of the integrated pension and the individual account pension. The basic pension is determined by the cumulative number of years of individual contributions, the contribution wage, the average wage of local employees, the amount of individual account, and the average life expectancy of the urban population.