How much can social security pay after 40 years of retirement?

Individuals can roughly estimate their social security benefits after retirement by understanding the basic principles and influencing factors of the social security system, consulting local social security institutions or inquiring personal social security accounts.

First, the basic principles of social security system

Social security system is a social security system established by the state to protect the basic life of citizens. Under the social security system, both individuals and employers need to pay social insurance premiums in a certain proportion, so that they can enjoy the corresponding social security benefits when they reach retirement age or other specific conditions.

Second, the factors that affect the amount received after retirement.

1, payment base: the higher the payment base, the more social security fees paid by individuals and employers, and correspondingly, the higher the social security benefits received after retirement.

2. Payment period: The longer the payment period, the more individuals accumulate in the social security system, and the social security benefits they receive after retirement will also increase accordingly.

3. Average wage level: The average regional wage level is also an important factor affecting the amount received after retirement. Generally speaking, the higher the average wage level, the higher the social security benefits received after retirement.

4. Retirement policy: The specific retirement policy will also have an impact on the amount received after retirement. For example, some regions may give extra subsidies or preferential treatment to retirees who are old or in specific occupations.

Third, how to inquire about personal social security benefits

Because there are many factors that affect social security benefits, and social security policies vary from place to place, the most accurate way for individuals to know how much social security benefits they can receive after retirement is to consult local social security agencies or log in to their personal social security accounts for inquiries.

To sum up:

How much social security you can receive after 40 years of retirement is a complex problem affected by many factors. Individuals can roughly estimate their social security benefits after retirement by understanding the basic principles and influencing factors of the social security system, consulting local social security institutions or inquiring personal social security accounts. It should be noted that the specific amount of social security benefits should be subject to the accounting of local social security institutions.

Legal basis:

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

Article 15 stipulates:

The basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

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

Article 16 stipulates:

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.