The amount of Sichuan basic pension is as follows:

The upper limit of the basic pension insurance payment base for employees in Sichuan Province is 18,630 yuan/month; the lower limit of the basic pension insurance payment base for enterprise employees is 3,416 yuan/month The lower limit of the basic pension insurance payment base for staff in government agencies and institutions is 3,726 yuan/month; the upper and lower limits of the payment base are determined based on 300% and 60% of the average salary of all employees in urban units in the province in the previous year. The lower limit of the basic pension insurance payment base for enterprise employees will transition to 60% year by year, and will be 55% in 2021.

Calculation method of social security:

1. Personal account pension: calculated based on the accumulated savings in the personal account divided by the number of payment months;

2. Basics Pension: determined according to the standards stipulated by the local Social Security Bureau, usually related to the insured’s payment period and payment base;

3. Transitional pension: in some areas, in order to balance the benefits of insured persons of different generations benefits, a transitional pension may be established;

4. Personal contribution pension: calculated based on the individual contribution amount and payment years;

5. Enterprise supplementary pension: Enterprises provide pension supplements to employees based on their own circumstances and policies.

To sum up, the upper limit of basic pension payment base in Sichuan Province is 18,630 yuan/month, the lower limit of payment base for enterprise employees is 3,416 yuan/month, and the lower limit of payment base for staff of government agencies and institutions is 3,726 yuan/month. These standards are determined based on 300% and 60% of the average salary of employees in urban units in the province in the previous year, and the lower limit of the basic pension insurance payment base for enterprise employees is transitioning to 60% year by year, and will be 55% in 2021 .

Legal basis:

"Notice of the General Office of the State Council on Issuing a Comprehensive Plan for Reducing Social Insurance Premium Rates"

Article 3

Adjust the social security payment base policy: adjust the calculation caliber of the average salary of employed persons. Each province should determine the upper and lower limits of the social security individual payment base based on the average salary of employees in urban non-private units in the province and the average salary of employees in urban private units weighted by the average salary of employees in urban private units, and reasonably reduce the social security contributions of some insured persons and enterprises. Base pay. After adjusting the calculation caliber of the average salary of employed persons, each province must formulate transitional measures for the calculation and payment of basic pensions to ensure a smooth transition in the benefits of retirees. Improve the payment base policy for individual industrial and commercial households and flexible employment personnel. Individual industrial and commercial households and flexible employment personnel who participate in the basic pension insurance for enterprise employees can choose an appropriate payment base between 60% and 300% of the average salary of employees in all urban units in the province.

"Social Insurance Law of the People's Republic of China"

Article 11

Basic pension insurance shall be combined with social pooling and personal accounts. The basic pension insurance fund is composed of employer and individual contributions as well as government subsidies.