How much pension can I get after paying social security for 20 years?

The amount of pension you can get when you retire after 20 years of social security contributions should be calculated according to the average monthly salary when you are on the job.

The amount of pension you can get when you retire after paying social security for 20 years should be calculated according to the average monthly salary at the time of employment. The specific amount is calculated as follows:

1, because the basic pension consists of basic pension, personal account pension, transitional pension and comprehensive subsidy;

Basic pension = average monthly salary of employees in the previous year ×20%.

2. The calculation method of personal account pension is: the total amount of personal account storage at retirement ÷ 120, and the personal account pension is counted as 1 1% of the payment salary;

3. Transitional pension = the average monthly salary of employees in the previous year × my average contribution index × previous length of service × 1. 3%。

The average monthly salary of employees in the last year when they retire, the total amount of personal accounts when they retire, and their average contribution index cannot be determined until the year of retirement, so it is impossible to calculate how much pension they can get when they retire;

What is certain is that the higher the payment grade, the longer the payment period and the higher the pension after retirement.

The materials required for social security payment are as follows:

1, personal social security, personal social security can only participate in old-age insurance and medical insurance, and you need to bring your valid ID card, unemployment certificate and two 1 inch photos to the local social security center;

2. The enterprise pays social security for its employees, and provides the original and photocopy of the enterprise business license, the original and photocopy of the organization code certificate, the photocopy of the ID card of the insured employee, the payroll of the insured employee and the official seal.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 2 of the Social Insurance Law of People's Republic of China (PRC) The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., to protect citizens' right to get material help from the state and society according to law in case of old age, illness, industrial injury, unemployment and maternity.