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What is the social security contribution of 17?
The calculation formula of pension is: pension = basic pension+personal account pension. These include:
1, basic pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) ÷2× payment period × 1%
Note: My indexed monthly average payment salary = last year's average monthly salary of employees in the whole province × my average payment index.
2. Personal account pension = personal account savings ÷ months (50 years old 195, 55 years old 170, 60 years old 139).
As can be seen from the above formula, under the same payment period, the level of basic pension depends on the average payment index of an individual, that is, the historical average of the ratio of his actual payment base to the average social wage.
According to the regulations, the "self-contribution average wage index" of each unit is different, generally between 0.6 and 3, that is, the payment is calculated at 60% to 300% of the average wage of employees in that year, mainly considering the difference in income level. High income will lead to a high pay index, but it will not exceed 3.
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