Is retirement participating in social security the same as enterprise endowment insurance?

Workers do not pay the basic old-age insurance premium because of flexible employment, which is different from the basic old-age pension for enterprise pension insurance retirement, because the payment salary is different from the payment period.

The calculation of basic pension involves the average salary of employees in the previous year, the payment period of the parties, retirement age, personal account balance at retirement, payment base over the years, local social wages over the years and other factors. Flexible employees do not pay fees, which is different from the basic pension for enterprise pension insurance retirement, because the payment wages are different.

At present, the basic retirement pension for enterprise employees = basic pension+personal account pension+transitional pension:

1, the basic pension = the average monthly salary of local employees in the previous year+the average monthly payment salary of myself) /2 × payment period ×1%;

2, personal account pension = personal account balance/number of months;

3. Transitional pension. The insured who took part in the work before the implementation of Guofa [1997] No.26 document and retired after the implementation of Guofa [2005] No.38 document belongs to "middle people". Due to the accumulation of personal accounts in the past, if the accumulated payment period is 15 years, a transitional pension will be given on the basis of basic pension and personal account pension after retirement. Transitional pension is calculated according to the provisions of provinces, municipalities directly under the central government and autonomous regions.

Take Sichuan Province as an example: transitional pension = (average monthly salary of employees in the whole province in the previous year+average monthly payment salary of myself at the time of retirement) ÷ 2×199565438+February 3 1, and accumulated payment years before the establishment of individual account × 1.3% (calculation coefficient).