Shanghai pension standard

Social endowment insurance: According to the current policy, personal social security pension is mainly composed of two parts.

First, the basic pension, that is, 20% of the average monthly salary of employees in Shanghai last year;

First, personal account pension, including monthly pension paid by individuals, pension paid by enterprises for employees and accumulated interest.

The age at which individuals receive social security pensions is 60 for men and 55 for women.

1, the monthly standard of basic pension is based on the average monthly salary of local employees in the previous year and my indexed monthly salary, and the payment is paid to 1% every1year. The calculation formula is:

Basic pension = (when the insured retires, the average monthly salary of local employees in the previous year+the average monthly payment salary of the insured) ÷2× payment period × 1%

2. The monthly standard of personal account pension is the amount of personal account storage divided by the number of months. The calculation formula is:

Personal account pension = the accumulated amount of personal account when the insured retires, and the number of months is calculated.

3. The monthly standard of transitional pension is based on my indexed monthly average payment salary, and the payment period before "unified account integration" is paid to 1 year. The calculation formula is:

Transitional pension = my indexed monthly average payment salary × payment period before unified account × 1.2%.

4. The transitional adjustment fund is paid in a certain proportion from 2006 to retirement on the basis of the current local standards. Those who retire late will not be issued with transitional adjustment funds.

Legal basis:

Article 16 of the Social Insurance Law of People's Republic of China (PRC) * * * 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.

Derivative problem:

How should I pay the endowment insurance?

If the parties have an employer, the endowment insurance shall be paid by both the employer and the employee, and the individual contributions of the employee may be remitted by the employer from his salary. If a party has no unit and participates in the insurance in the name of an individual, it shall be paid by the party itself every month.

Legal basis:

Article 10 of the Social Insurance Law of People's Republic of China (PRC) * * * Employees shall participate in the basic old-age insurance, and both employers and employees shall pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.