Of course, when receiving a pension, it may also be affected by the salary of seniority, but often the long payment period of endowment insurance means that the user's seniority will be directly reflected in the pension amount after retirement.
The higher the social security contribution, the more the pension. Under the condition of the same payment period, the level of basic pension depends on the average individual payment index, that is, the historical average of the ratio of its actual payment base to the average social wage. The higher the payment amount, the longer the payment period and the higher the pension. Pensions are fixed indefinitely. As long as the recipient is alive, he can enjoy a monthly pension.
Do people die before they are 60? Is social security paid in vain as follows:
What we generally call social security is divided into: old-age insurance, basic medical insurance, maternity insurance, industrial injury insurance, unemployment insurance and housing provident fund, which is the so-called five insurances and one fund. Among them, old-age insurance, basic medical insurance and provident fund can be inherited.
Pension insurance payment is divided into two accounts according to regulations: individual account and overall account. When we pay endowment insurance, the part we pay is usually put into personal account, and the part paid by the company is put into overall account.
To sum up, the greater the social endowment insurance paid by social security payers, the more retirement pensions they receive after retirement. In addition, the longer the payment period, the more retirement pensions they receive. The amount of social endowment insurance paid is related to your social insurance payment base and payment period. In short, the more you pay, the more you gain.
Legal basis:
People's Republic of China (PRC) social insurance law
Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask 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 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.
Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.
Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.