Social security transfer on how to collect the pension in the future to see this article is enough

Participants who work in different places are often involved in a problem, that is, social security transfer. So, when a participant goes through the social security transfer business, will it have an impact on his or her pension after retirement? Take a look.

What is the impact of social security transfer on receiving pension in the future?

1 Look at the number of years the insured person has paid contributions in each place of insurance

The pension is determined in accordance with the principle that "the place of domicile is given priority, and is calculated from the longest to the last". If the basic pension insurance relationship is in the place of domicile when the legal retirement conditions are met, the place of domicile will handle the retirement and pension procedures. On the contrary, the basic pension insurance relationship is not in the place of domicile, the following principles:

①Accumulated contributions in a place of 10 years, in the place for;

②Accumulated contributions in a number of places in more than 10 years, in the last 10 years of contributions in the last place to handle;

③Accumulated contributions in the place are less than 10 years, in the place of domicile The process will be handled according to the regulations.

2 look at the pension place

Participants in the monthly pension = basic pension + personal account pension; basic pension = the average monthly salary of employees on the job in the previous year at the time of retirement × (1 + the average contribution index (ratio)) ÷ 2 × years of contributions × 1%; personal account pension = personal account accumulated savings (including interest) ÷ the number of months of payment.

As you can see, the amount of pension you can receive when you retire is closely related to the number of years you have contributed, the contribution base, the balance in your personal account, and the average wage of the workers in the place where you receive your pension. Under the same conditions, the average social wage in the first-tier cities is higher than that in other places, so the pension received in the first-tier cities is much higher than that in other places.

In summary, it is not necessary to transfer social security when you change cities. If a participant has been paying social security in a big city for more than ten years, and has met the conditions for retirement there, but needs to go back to his hometown to work for some reasons, the social security at this time can be considered not to transfer.