Jinan 2013 social security full term, the minimum contribution in 2014 how much money can be collected per month

How much the pension can receive, mainly depends on the length of personal contribution period, personal contribution base high and low and the local average social wage.

Pension = basic pension + personal account pension

Personal account pension = personal account savings ÷ number of credited months (the number of credited months is determined according to the retirement age and the average life expectancy of the population at that time. The number of accrued months is slightly equal to (average life expectancy of the population - retirement age) X 12. At present, it is 195 at age 50, 170 at age 55, 139 at age 60, and is no longer uniformly 120)

Basic pension = (average monthly salary of the province's previous year's on-the-job workers + my average indexed monthly contribution salary) ÷ 2 × years of contribution × 1% = average monthly salary of the province's previous year's on-the-job workers (1+) my average contribution index)÷2×contribution period×1%

In the formula: my indexed average monthly contribution salary = the province's average monthly salary of the previous year's on-the-job workers×my average contribution index

In the above formula, we can see that, in the case of the same number of years of contribution, the level of basic pension depends on the average contribution index of the individual, which is the difference between the actual contribution base and the social welfare base of the individual. The average value of the ratio of the actual contribution base to the average social wage over the years. The lower limit is 0.6 and the higher limit is 3. Therefore, in both calculations of the pension, the higher the contribution base and the longer the number of years of contributions, the higher the pension will be, regardless of the situation. The pension is provided for an indefinite period of time. As long as the recipient survives, he or she can enjoy the treatment of receiving a monthly pension, and even if the personal account pension has been used up, the basic pension will still continue to be calculated in accordance with the original standard; moreover, the personal pension will have to be increased year by year in accordance with the increase in the average monthly salary of the social workers on the job. Therefore, the longer you live, the more you can receive, which is definitely more cost-effective compared to paying fees.

Legal basis: Article 10 of the Social Insurance Law Employees should participate in the basic pension insurance, by the employer and the employee *** with the payment of basic pension insurance premiums.

Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employers, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves.

Methods for pension insurance for civil servants and staff members administered under the civil service law shall be prescribed by the State Council.

Article 11 The basic old-age insurance shall be a combination of social coordination and individual accounts.

The basic pension insurance fund consists of contributions from employers and individuals and government subsidies.

Article 12 Employing units shall contribute to the basic pension insurance fund in accordance with the proportion of the total wages of their employees as prescribed by the State.

Employees shall contribute to the basic pension insurance premiums in accordance with the proportion of their own wages prescribed by the State and credited to their individual accounts.

Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employers, and other flexibly employed persons who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with the state regulations, which shall be credited to the basic pension insurance general fund and the individual account respectively.

Article 15 The basic pension consists of the coordinated pension and the individual account pension.

The basic pension is determined on the basis of the individual's accumulated years of contribution, the contribution wage, the average wage of local workers, the amount of the individual account, and the average life expectancy of the urban population.

Article 16 Individuals who have participated in the basic pension insurance shall receive a basic pension on a monthly basis if they have accumulated fifteen years of contributions by the time they reach the legal retirement age.

Individuals who have participated in basic pension insurance and have contributed for less than fifteen years by the time they reach the legal retirement age may contribute until they reach fifteen years and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social pension insurance or the urban residents' social pension insurance, and shall enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.