Job Recruitment Website - Social security inquiry - Is it the same to buy social security in Dongyang City, Zhejiang Province and Hangzhou City, and then retire?

Is it the same to buy social security in Dongyang City, Zhejiang Province and Hangzhou City, and then retire?

It's different.

Pension = basic pension+personal account pension

Personal account pension = personal account storage amount ÷ months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. Calculated months are slightly equal to (average life expectancy-retirement age) X 12. At present, 50 years old is 195, 55 years old is 170, and 60 years old is 139).

Basic pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) ÷2× payment period × 1%

= Average monthly salary of employees in the whole province in the last year (1+ average payment index) ÷2× payment period × 1%.