As long as the contribution coefficient is consistent, there is no difference in retirement pension benefits between individuals and companies.

1. After the termination of the labor relationship between the employee and the unit, the employee can continue to pay pension insurance and medical insurance according to the standard of flexible employees, and the payment period is calculated by combining with the previous unit.

2. How much pension can be received depends mainly on the length of individual payment period, the level of individual payment base and the average wage level of local society.

the calculation formula of pension is as follows:

it should be noted that: pension = basic pension+personal account pension

where personal account pension = personal account deposit ÷ the number of months of payment. The counting months are slightly equal to (average life expectancy-retirement age) X12. At present, the 5-year-old is 195 yuan, the 55-year-old is 17 yuan, and the 6-year-old is 139 yuan.

basic pension = (average monthly salary of employees in the whole province in the last year+average monthly payment salary of myself) ÷2× payment period ×1% (payment period is determined according to the number of years of your pension payment). In which: my indexed monthly average payment salary = the average monthly salary of employees in the province last year × my average payment index.

under the condition of the same payment period, the level of basic pension depends on the individual's average payment index, which refers to the actual payment base ÷ the average social wage, and the average value is calculated once a year. The minimum limit is .6 and the maximum limit is 3. Therefore, in the calculation of pension, the higher the payment base and the longer the payment period, the higher the pension will naturally be.

The pension is paid indefinitely. As long as the recipient lives, he can enjoy the monthly pension. Even if the personal account pension has been used up, he will continue to calculate and pay the basic pension according to the original standard. The longer he lives, the more he can receive, which is more cost-effective than paying the fee.

Article 1 of the Social Insurance Law requires employees to participate in the basic old-age insurance, and both the employer and the employees shall 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.

The measures for endowment insurance for civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

article 11 the basic old-age insurance shall combine social pooling with individual accounts.

The basic old-age insurance fund consists of contributions from employers and individuals and government subsidies.

article 12 an employer shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state and record it in the basic old-age insurance pooling fund.

employees should pay the basic old-age insurance premium according to the proportion of their salary 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 account respectively.

Article 15 A basic pension consists of an overall pension and a personal account pension.

The basic pension is determined according to the accumulated years of individual contributions, contributions wages, average wages of local employees, personal account amount, average life expectancy of urban population and other factors.

Article 16 Individuals who have participated in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.

individuals who have participated in the basic old-age insurance and have paid less than fifteen years when they reach the statutory retirement age can pay for it until they have reached 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.