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Pay 100% social security, how much can I get after retirement?
First, the relationship between social security contributions and pensions.
Social security payment is an important system to ensure that employees can enjoy corresponding treatment when they retire and get sick. Among them, endowment insurance is an important part of the social security system, aiming at providing basic living security for retirees.
Second, the factors affecting the amount of pension
1, individual payment period: the longer the payment period, the more the accumulated payment amount and the higher the pension amount received after retirement.
2. Payment amount and proportion: The higher the payment amount and proportion, the more individuals accumulate in the social security account, which will affect the pension amount after retirement.
3. Average salary of local society at the time of retirement: The calculation of pension usually refers to the average salary level of local society, and this factor will also have an impact on the amount of pension.
Third, the calculation method of pension
The calculation of pension usually follows a certain formula, combined with factors such as individual payment period, payment amount, payment ratio, and average salary of local society at retirement. Therefore, the specific amount needs to be determined according to personal circumstances and local policies.
To sum up:
100% how much pension you can get after retirement is a problem involving many factors. The specific pension amount needs to be calculated according to the individual payment period, payment amount, payment ratio and the local average social wage at retirement. Therefore, it is impossible to give an exact answer.
Legal basis:
People's Republic of China (PRC) social insurance law
Article 15 stipulates:
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.
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.
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