The higher the social security base, the higher the pension?

The answer to the question of social security payment base and pension is that pension is related to payment base and payment period. The higher the payment base, the longer the payment period, and the more pensions you receive. Social security will verify the social security base at a fixed time every year (March or July, in different places) and release the latest minimum base and maximum base. Generally speaking, enterprises help employees pay the minimum social security. Of course, some companies will pay social security for their employees according to the average salary of the previous year. The base of social security payment determines the amount of pension. Pension needs to be calculated according to the amount of account storage, and the amount of account storage is affected by the payment base. Insurance payment base: that is, the social security payment base, which is not equal to salary, depends on the social security payment policy of the enterprise.

Pension calculation formula: enterprise employee pension = basic pension+personal account pension.

Personal account pension = the amount of personal account storage at retirement/the number of months corresponding to my retirement age

My average wage index = the insured's payment base/the average wage of the previous year.

Last year, the average monthly wage of employees in the province: the average social wage announced by the Statistics Bureau every year.

It should be noted that the minimum payment period is 15 years, which does not mean that you can not pay 15 years. For employees, payment is a mandatory obligation stipulated by law. As long as you are employed in an employer, you should pay in accordance with state regulations. At the same time, the individual's enjoyment of the basic pension is directly related to the individual's payment period. The longer the payment period, the larger the payment base, and the more pensions you receive after retirement. The base of endowment insurance is related to pension, which directly affects the level of pension. The payment base of social endowment insurance is directly proportional to retirement salary. Under normal circumstances, as long as the payment base of pension insurance is high, the payment period of pension insurance will be longer, so the relevant users will receive more pensions.

Legal basis:

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

Fifteenth 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.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at 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.

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.