The endowment insurance fund for urban and rural residents consists of individual contributions, collective subsidies and government subsidies. The social endowment insurance fund for urban residents consists of individual contributions, other social and economic organizations (social welfare organizations, subsidies from others) and government subsidies. The pension benefits of social endowment insurance for urban residents are composed of basic pension and personal account pension, which are paid for life.

1. Basic pension. Pay by the month. At present, the basic pension standard stipulated by the state is 55 yuan per person per month. In the future, the basic pension level will be gradually raised according to economic development and price changes.

2. Personal account pension. Pay on a monthly basis, and the monthly calculation and payment standard is the total storage amount in the personal account divided by 139 (the same as the calculation and payment coefficient of the personal account pension in the current basic old-age insurance for urban workers and the new rural insurance).

Legal basis:

Article 15 of the Social Insurance Law of People's Republic of China (PRC) * * * Basic Pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.