1. In fact, the adjustment of pension payment standards varies from place to place because of the differences in economic development levels. For example, at present, in Guangdong, for retirees aged 70 to 75, 50 yuan can be added every month, and 600 yuan can be earned for one year, while for retirees aged 75 and above, 100 yuan can be added every month, depending on local standards;

Old people over 2.70 years old can get the basic pension in 75 yuan or so in a month, and if they are in economically developed areas such as Beishangguangshen and Shenzhen, there may be a moderate increase. Most provinces and cities in China have formulated and implemented pension subsidy programs. The older you get, the more subsidies you get. For example, the elderly over 70 years old in Shaanxi can receive the old age allowance in 50 yuan, over 80 years old 100 yuan, over 90 years old to 99 years old in 200 yuan, 100 years old or older (including 100 years old) in 360 yuan.

Old age allowance payment standard, in principle, according to the local minimum living standard, the level of subsidies and the age of the payment object, the implementation of classified payment, and with the local economic and social development, the improvement of people's living standards and changes in the minimum living standard, timely adjustments.

The pension payment ratio is as follows:

1, all kinds of enterprises pay 20% of the total wages of employees, and employees pay 7% of the individual contribution base (7% in 2003, one percentage point higher two years later, and finally 8%). The part paid by individual employees is withheld and remitted by the enterprise;

2. Individual workers, including individual industrial and commercial households and freelancers, shall pay 18%, all of which shall be borne by themselves.

The approved payment base is based on the average social wage of employees in Hebei Province last year.

1, if the wage income of enterprise employees is lower than 60% of the social wage of the whole province, the payment base shall be approved at 60%; If it is higher than 60% of the provincial social wage, the payment base shall be approved according to the actual wage income, but it shall not be higher than 300% of the provincial social wage;

2, individual workers can be more than 300% of the province's social wages, independently determine the base of payment.

The pension is paid for the following reasons:

1, to ensure the basic needs of the elderly. Many people have no plans for their old age. If China does not force retirement savings, many people will have no source of income in their old age.

2. Provide a stable and reliable source of life. It is normal to pay endowment insurance in different regions and at different levels, but basically you can get basic living expenses after retirement, so that you can't even solve the problem of food and clothing;

It can resist inflation. The payment of pension is related to the local average salary in the previous year. At present, the average wage in various regions is increasing every year, and the collection of pensions will also increase year by year, which can resist inflation to a certain extent.

The old-age insurance standard refers to a standardized norm, which clearly stipulates the calculation method and payment ratio of old-age insurance.

Pension, also known as pension and retirement fee, is the most important social pension insurance treatment. That is to say, according to the relevant national documents, the monthly or lump-sum payment of insurance benefits in the form of money is the need to benefit the society and is mainly used to ensure the basic living needs of employees after retirement according to their contributions to society and their qualifications or retirement conditions. Pensions are accumulated and operated according to the principle of accumulation by the state, the collective and the individual. When people are in their prime of life, part of the wealth created is invested in pension plans to ensure a sense of security in their later years.

Article 12 of the Social Insurance Law of People's Republic of China (PRC)

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its 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.

Article 13

Before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government.

When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.