How much is the 70-year-old social security pension insurance subsidy

The amount of 70-year-old social security pension insurance subsidy is as follows:

1. For those who have reached the age of 70-79 years old, each person will be paid 50 yuan per month.

2. For those who have reached the age of 80-89, the monthly payment is 100 yuan per person.

3. For those aged 90-99, the monthly payment is 200 yuan per person.

4. Elderly people who are 100 years old or older are paid 300 yuan per person per month.

Social security's pension insurance subsidy standards:

1. Pension insurance subsidy standards may vary in different regions and are usually determined by local human resources and social services departments based on factors such as the level of economic development and price indexes;

2. The amount of the pension insurance subsidy may be calculated based on the number of years of contributions made by the participant, the base of the contribution, and the cumulative amount in the individual account;

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3. In some areas, there may be additional old-age subsidies for those who have reached the age of 70, and you should consult your local social security agency for the exact amount;

4. Pension insurance subsidies usually consist of two parts: the basic pension and the individual account pension, which together make up the total amount of the monthly pension you receive after retirement.

In summary, the social security pension insurance subsidy for those aged 70 and above is graded according to age, with those aged 70-79 receiving a monthly subsidy of 50 yuan, those aged 80-89 receiving 100 yuan, and those aged 90-99 receiving 200 yuan, while those aged 100 and above receive a monthly subsidy of 300 yuan, reflecting the incremental funding for older people in different age brackets policy.

Legal basis:

The Law of the People's Republic of China on the Protection of the Rights and Interests of the Elderly

Article 37

Local people's governments at all levels and the relevant departments shall take measures to develop urban and rural community-based elderly care services, and to encourage and support professional service institutions and other organizations and individuals to provide elderly people living at home with life care, emergency relief, medical care, spiritual comfort, and psychological counseling. care, spiritual comfort, psychological counseling and other forms of services for the elderly living at home. Local people's governments at all levels shall gradually subsidize elderly care services for the elderly who are in financial difficulty.

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

Article 15

The basic old-age pension consists of the integrated old-age pension and the old-age pension in individual accounts. The basic pension is determined on the basis of the individual's accumulated years of contribution, the contribution wage, the average wage of local employees, the amount of the individual account, and the average life expectancy of the urban population.

Article 16

Individuals who have participated in basic old-age insurance and who have accumulated fifteen years of contributions by the time they reach the legal retirement age shall receive a basic pension on a monthly basis. Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the legal retirement age may contribute until they reach the full fifteen years, and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social old-age insurance or to the social old-age insurance for urban residents, and shall enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council.

Article 18

The State establishes a normal adjustment mechanism for basic pensions. In accordance with the growth of the average wage of employees and price increases, the level of basic pension insurance benefits shall be raised in due course.