1, personal account pension: = personal account deposit/month (50 years old 195, 55 years old 170, 60 years old 139).
2. Basic pension: = the average monthly salary of employees in the whole province in the previous year (1+ my average payment index) /2x payment period x 1%.
It is stipulated by Tianjin. In Tianjin, the standard of rural endowment insurance is determined according to the payment period, payment base and personal account balance of the insured. Specifically, the insured person needs to pay a cumulative fee of 15 years, and can only receive the pension according to the regulations after reaching the statutory retirement age. The rural old-age insurance system is an important part of the social security system in China, aiming at ensuring the basic old-age life of rural residents. In Tianjin, the standard of rural old-age insurance is determined according to the local economic and social development level, the income level of residents and the affordability of the old-age insurance fund. The Social Insurance Law of People's Republic of China (PRC) stipulates that employees should participate in the basic old-age insurance, and employers and employees should jointly 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.
To sum up, in Tianjin, the standard of rural endowment insurance is determined according to the payment period, payment base and personal account balance of the insured. The insured person needs to pay a total of 15 years. After reaching the statutory retirement age, he can receive a pension in accordance with the regulations. This is an important part of China's social security system, aiming at ensuring the basic old-age life of rural residents.
Legal basis:
People's Republic of China (PRC) social insurance law
Article 16
Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach 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.