How to calculate the social security retirement salary of urban and rural residents in Changsha is as follows

Insured people pay social security for urban and rural residents, and those who meet the retirement conditions can receive corresponding retirement wages on a monthly basis. So how to calculate the social security retirement salary of urban and rural residents in Changsha?

How to calculate the social security retirement salary of urban and rural residents in Changsha?

Individuals in Changsha enjoy the basic old-age insurance for urban and rural residents = basic pension+monthly pension for individual accounts [(individual contributions+government subsidies+collective subsidies+others) ÷ 139].

According to the Measures of Changsha for Urban and Rural Residents' Endowment Insurance, the basic pension of Changsha's urban and rural residents' basic endowment insurance will be increased every June 1 day/0 yuan, and the basic pension of Changsha's urban and rural residents' endowment insurance will be 253 yuan in 2023.

Changsha implements a unified basic pension standard; Long-term payment, more than the minimum payment period, plus the basic pension. The standard is that the insured person's payment period exceeds 15 years, and the basic pension will increase 2 yuan every month for every full 1 year (excluding the payment period); For urban and rural elderly residents aged 65 and above, the basic pension will be added. The standard is to add 5 yuan to the basic pension for people over 65 and under 76, 10 yuan to the basic pension for people over 76 and under 86, and 20 yuan to the basic pension for people over 86. The insured person shall enjoy the increased old-age basic pension benefits from the following month, and the eligible counties (cities) may be increased to the city's standard. Specific measures shall be formulated by all districts and counties.

The social security pension for urban and rural residents in Changsha is paid at least 60 years old, and the accumulated payment is 15 years. Insured people need to pay social security for urban and rural residents on time to avoid being unable to receive pensions due to insufficient accumulated payment years.