How much is the social security personal account10.5 million retirement?

Social security personal account is 654.38+0.5 million, how much will it be refunded? Details are as follows:

1, individual account pension = accumulated payment balance of individual endowment insurance divided by payment months, determined according to retirement age. If you retire at the age of 60, the number of payment months is 139.

If the personal account balance is 1.5 million, and the retirement formalities are carried out at the age of 60, then the monthly personal account pension can be: 1.50000 divided by 1.39≈ 1.079 yuan.

2. Basic pension = the average salary of employees in the previous year multiplied by (1+ payment index) /2 times the payment period multiplied by 1%.

The base of social security contributions can be roughly calculated by the balance of retirees' personal pension accounts. The proportion of individual contributions to the old-age insurance for urban workers is 8%, and the monthly payment = social security payment base *8%, that is, social security payment base = monthly payment divided by 8%, and all the old-age insurance premiums paid by individuals enter the personal account of old-age insurance.

That is to say, if the social security payment period is 25 years and the personal account balance is 1.5 million, then the average social security payment base of the insured is 1.5 million divided by 25 divided by 1.2 divided by 8%=6250 yuan.

General social security payment base:

The social security payment base is generally based on my salary income in the previous year.

1. If the wage income of employees is higher than 300% of the local average wage of employees in the previous year, 300% of the local average wage of employees in the previous year will be the payment base;

2. If the wage income of employees is lower than 60% of the local average wage of employees in the previous year, 60% of the local average wage of employees in the previous year shall be the payment base;

3, the employee's salary is between 300% and 60%, according to the actual declaration. When it is impossible to determine the wage income of employees, the payment base shall be determined according to the local average wage of employees in the previous year published by the local labor administrative department.

To sum up, the impact of social security personal account funds on pensions is obvious. Knowing the collection rules and rationally planning the funds in personal accounts can provide better economic security for your retirement.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 4

Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services.