/kloc-how to calculate retirement salary with 0/00% and 60% social security?

Social security 100% and 60% mixed flow shall be used to calculate retirement wages as follows:

1. First calculate the social security payment amount according to the social security payment base actually paid by the individual, where 100% of the payment amount is the payment base multiplied by the payment ratio, and 60% of the payment amount is also the payment base multiplied by the payment ratio, and the sum of the two is the personal social security payment amount;

2. According to the individual social security payment and retirement policy, calculate the monthly cumulative payment of individual endowment insurance, the average monthly salary, the cumulative payment of individual accounts and other data;

3. According to the calculation formula of endowment insurance, calculate the individual's basic pension. The calculation formula is as follows: the accumulated payment amount of individual account is divided by the actual payment months of individuals multiplied by the local average monthly salary in the previous year multiplied by the actual payment months of individuals divided by 12 multiplied by the pension calculation and payment ratio.

Social security payment conditions generally include:

1. Personal identity: The social security system is open to all workers, so only individuals who meet China nationality or legally work and live in China can participate in social security, including China citizens, foreigners, Hong Kong, Macao and Taiwan residents, etc.

2. Payer: Social security payers include employers and individual workers. Employers need to pay social security fees for employees, and individual workers need to pay social security fees themselves;

3. Payment base: Social security payment base refers to the basic amount used to calculate the amount of social security payment, which is generally calculated according to personal wages and salary income. The base standard of social security payment in different regions may be different;

4. Payment ratio: The social security payment ratio refers to the proportion of social security fees payable by enterprises and individuals to wages and salaries. The contribution ratio of different social insurance types may be different;

5. Payment period: Social security fees are generally paid monthly, and the payment period is generally before 15 or before the end of the month. The specific payment period may vary according to different regions and social insurance types.

To sum up, the above conditions and standards may be different due to different regions and social insurance types, which shall be subject to local policies and regulations. In addition, different types of social insurance may have different requirements, such as the age and occupation of the insured. Therefore, before joining social security, it is best to know the specific provisions and requirements of the local social security system.

Legal basis:

Article 4 of People's Republic of China (PRC) Social Insurance Law

Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Article 5

The people's governments at or above the county level will incorporate social insurance into the national economic and social development plan.

The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance.

The state supports social insurance through preferential tax policies.

Article 6

The state exercises strict supervision over social insurance funds.

The State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall establish and improve the supervision and management system of social insurance funds to ensure the safe and effective operation of social insurance funds.

People's governments at or above the county level shall take measures to encourage and support all sectors of society to participate in the supervision of social insurance funds.