How to calculate the retirement salary after 23 years of social security payment?

According to the individual payment period, payment amount, average salary, etc.

First, the relationship between social security contributions and retirement wages.

Social security payment is the basis to ensure that individuals can get a certain pension when they retire. The longer the payment period, the higher the payment amount, which usually means the more pension you can get when you retire. Therefore, 23 years of social security payment has an important impact on the calculation of retirement wages.

Second, the basic formula for calculating retirement wages

The calculation of retirement salary is usually based on a certain formula, taking into account factors such as individual payment period, payment amount and average social wage. The specific formula may vary from region to region, but the general form is: retirement salary = basic pension+personal account pension.

Among them, the basic pension is determined by the local government according to the average social wage and the individual payment period, and the personal account pension is calculated according to the individual payment amount and investment income.

Three, other factors affecting retirement wages

In addition to the payment period and payment amount, retirement wages may also be affected by other factors. For example, retirement age, personal salary level, policy adjustment, etc., may have some impact on retirement salary. Therefore, these factors need to be considered comprehensively when calculating retirement wages.

To sum up:

The calculation of retirement salary after 23 years of social security payment is a complicated process, involving many factors and formulas. In order to accurately calculate their retirement wages, individuals are advised to consult local social security agencies or relevant departments to understand the specific calculation methods and regulations. At the same time, rationally plan personal social security payment and savings plans to ensure adequate old-age security when retiring.

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.