The amount of pension received: pension = basic pension + personal account pension; basic pension (the average monthly salary of local employees in the previous year when the insured person retired + my average indexed monthly contribution salary) ÷ 2 × payment years ×

1%; personal account pension = accumulated savings amount in the personal account of the insured person when he retires ÷ number of payment months.

The basic pension consists of pooled pension and personal account pension.

The basic pension is determined based on the individual’s cumulative contribution years, contribution salary, average salary of local employees, personal account amount, average life expectancy of the urban population and other factors.

Article 18 The state establishes a normal adjustment mechanism for basic pensions.

Based on the growth of average wages of employees and rising prices, the level of basic pension insurance benefits will be increased in a timely manner.

Conditions for receiving pension insurance: 1. Continuous payment for 15 years; 2. Reach the legal retirement age and go through retirement procedures.

Retirees who meet the above two points can receive pension insurance.

How much will you receive per month after paying for 15 years of pension insurance? Pension insurance mainly consists of two parts: basic pension and personal account pension.

If the payment period is 15 years, then we can calculate it based on this period.

1. Basic pension = [(the average monthly salary of urban employees in the district in the previous year when the insured person retires + the individual’s indexed average monthly contribution salary) ÷ 2] × payment period × 1%.

2. Personal account pension = personal account storage amount ÷ number of payment months. Assume that Mr. Wang has paid pension insurance for 15 years, the pension insurance payment base is 3,000 yuan when he pays, and the local pension insurance payment base is 6,000 yuan when he retires, then the basic

Pension = 6000 × 20% = 1,200 yuan, personal account pension = (3000 + 6000) ÷ 2 × 8% (the personal proportion of the pension insurance you paid) × 15 years × 12 months = 64,800 yuan, this is the king

All pensions in Mr.’s personal account.

After retirement, Mr. Wang can receive 64,800÷120=540 yuan per month from the pension in his personal account.

Therefore, the total pension that Mr. Wang can get per month = 1,200 + 540 yuan = 1,740 yuan.

Legal basis: Article 10 of the "Social Insurance Law of the People's Republic of China" states that employees shall participate in basic pension insurance, and the employer and employee *** shall jointly pay the basic pension insurance premiums.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic pension insurance in the employer, and other flexible employment personnel can participate in the basic pension insurance, and the basic pension insurance premiums are paid by individuals.

The measures for pension insurance for civil servants and staff managed with reference to the Civil Servant Law shall be prescribed by the State Council.

Article 11 The 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.

Article 12 The employer shall pay basic pension insurance premiums in proportion to the total wages of its employees stipulated by the state and record them into the basic pension insurance overall fund.

Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations and record them separately in the basic pension insurance pooling fund

and personal accounts.