How much is the 20-year social security retirement in Hangzhou?

The calculation method of social security pension is based on the social security payment period and payment base. The longer the social security payment period, the higher the payment base and the higher the pension after retirement.

The calculation formula of social security pension is as follows:

Social security pension = individual payment months × individual payment base × individual account proportion × local average monthly salary ÷ 12× pension adjustment coefficient

The number of months of individual payment refers to the number of months that individuals pay social security before retirement, the base of individual payment refers to the base of individual payment when paying social security, the proportion of individual account refers to the proportion of accumulated payment of endowment insurance in individual account to the local average monthly salary, the local average monthly salary refers to the local published average monthly salary, and the pension adjustment coefficient refers to the adjustment of pension by the state.

Increase the social security pension, you can take the following ways:

1. Increase the payment term.

The calculation of social security pension is based on the number of individual payment months, so increasing the payment period can increase the amount of pension. You can pay as much social security as possible during your work and increase the payment period.

2. Increase the payment base

The calculation of social security pension is also related to the payment base, so increasing the payment base can increase the amount of pension. You can try to choose a payment base higher than the local average wage during your work.

3. Choose commercial endowment insurance

Commercial pension insurance can be used as a supplement to social security pension and increase the amount of pension. During work, you can choose to buy commercial endowment insurance and increase the pension amount.

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

Legal basis:

Article 1 of the Interim Measures of the State Council on Retirement and Resignation of Workers.

Workers in enterprises and institutions owned by the whole people, party and government organs and mass organizations shall retire if they meet one of the following conditions.

(a) men over 60 years of age, women over 50 years of age, continuous service for ten years.

(2) Those who are engaged in underground, high altitude, high temperature, particularly heavy manual labor or other jobs harmful to health, and have reached the age of 55 for men and 45 for women, and have worked continuously for ten years.