The new pension policies are as follows: 1. Residents who are over 16 years old and are not students can participate in urban and rural residents’ insurance in their place of residence; 2. The payment standards for urban and rural residents’ pension insurance are 12 levels, ranging from 100 to 1,000.

and two payment levels of 1,500 and 2,000; 3. Establish a personal pension insurance account for each urban and rural resident. In other words, once established, the social security department will provide lifelong services for them.

The main features of pension insurance are as follows: 1. It is legislated and enforced by the state. All enterprises, units and individuals must participate. Those who meet the pension conditions can receive pensions from the social insurance department; 2. The source of pension insurance costs is generally provided by the state,

The unit and the individual or both parties share the burden, and achieve extensive social mutual aid; 3. Pension insurance is social in nature, which has a great impact on the number of people who enjoy it and the long period of time. The expenses are huge.

Therefore, special agencies must be set up to implement modern, professional, and socialized unified planning and management; 4. The establishment of a pension insurance system will facilitate the replacement of old and new people and rationalize the employment structure.

Providing basic living security for the elderly and ensuring that they have something to support them is an important measure to deal with the aging of the population and is conducive to social stability.

It can inspire young people to forge ahead, raise wage standards, provide guarantee for life after retirement, and help promote economic development from the side.

To sum up, the pension insurance regulations need to be calculated based on the payment base multiplied by the payment proportion. The pension base is the salary base for pension insurance contributions and is the base for calculating the proportion of pension insurance premiums that should be paid now.

This base is mainly related to the individual's salary base and has nothing to do with the amount of future pensions or the average social wage.

However, if the actual income is too high or too low than the social average wage, this base will need to be adjusted.

Legal basis: Article 10 of the "Social Insurance Law" 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 basic pension insurance in the employer, and other flexible employment personnel can participate in 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 and government subsidies.

Article 12 The employer shall pay basic pension insurance premiums in accordance with the proportion of 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.