Calculation method of social security pension in Dongguan

There are two main ways to calculate and distribute social security pension in Dongguan: the cumulative points system of individual accounts and the mixed system in which the national average wage is linked to the time and amount of individual contributions. The specific calculation method should refer to the local social security policy.

There are two main ways to calculate and distribute social security pension in Dongguan, one is the cumulative points system of individual accounts, and the other is the mixed system in which the national average wage is linked to the time and amount of individual contributions. Personal account cumulative points system focuses on personal account cumulative points. The higher the score, the higher the pension. The advantage of this system is that it is conducive to protecting individual rights and interests, but its defect is also obvious, that is, for people with low income and less working experience, the accumulated pension may not be enough. The mixed system, in which the national average wage is linked to the individual payment time and payment wage, takes into account both the actual individual payment situation and the change of the national average wage level, which is more fair and reasonable. However, its defect is that the national average wage level is dynamic, showing an overall upward trend, which increases the pressure on pension payment. It should be noted that the specific calculation method should refer to the local social security policies and regulations, and different regions may be different.

What are the conditions for Dongguan to receive social security pension? According to "Detailed Rules for the Implementation of Social Insurance for Urban Residents in Guangdong Province", people who enjoy the old-age insurance for urban residents in Dongguan are divided into two categories: one is those who have reached the statutory retirement age and can apply for the basic pension for urban residents according to regulations; The other is people who leave early, retire early, have disabilities, etc. You can also apply for a pension according to regulations. Please consult the local social security department for details.

The formulation and implementation of the method of calculating and distributing social security pension in Dongguan aims at providing economic security for retirees. We should pay attention to local social security policies and regulations, understand our own rights and interests, and at the same time do a good job in personal financial planning and reserve, so as to make full preparations for our later life.

Legal basis:

"Interim Measures for Social Endowment Insurance for Urban and Rural Residents" Article 11 The principle of calculating and distributing pensions is to give priority to individual contributions, supplemented by collective subsidies and state financial subsidies, and to implement a relatively balanced level of treatment.