(1) years of contribution to social insurance fund (commonly known as "length of service"). The longer you pay the social insurance fund, the higher the pension amount. Some provinces, autonomous regions and municipalities directly under the Central Government divide the length of service into six grades: 15, 20 years, 25 years, 30 years, 35 years and more than 35 years. The higher the grade, the higher the pension amount. In some places, regardless of grades, one year's service is counted as one year, and the longest service is 44 years (according to 16 years old, retirement at 60 years old).
(2) Personal account balance of endowment insurance (referred to as "personal account balance"), the higher the personal account balance, the higher the pension amount.
(3) the level of local social and economic development in the last year of retirement (referred to as "regional differences"). The higher the local social and economic development level, the higher the pension amount. For those who retire from the north, Guangzhou and Shenzhen, the amount of pension is definitely much higher than that of those who retire from poverty-stricken areas. In addition, in some places, the staff of the Social Insurance Fund Management Center of the People's Social Security Bureau also follow the principle of "dividing into yuan" when calculating the pension amount. Suppose your pension amount is calculated according to the above three factors, the data is 2345.67 yuan, and the actual payment amount is 2346 yuan/month. There are also places where the calculation results are accurate to the angle or even to the minute, and the actual payment amounts are 2345.70 yuan and 2345.67 yuan respectively. Social security for urban workers includes five insurances and one gold, namely, endowment insurance, medical insurance, maternity insurance, industrial injury insurance, unemployment insurance and provident fund. Social security for flexible employees only pays endowment insurance and medical insurance. The similarity between the two is that the pension insurance paid is called employee pension insurance. Social security for urban and rural residents only pays endowment insurance and medical insurance. But the old-age insurance paid is called resident old-age insurance.
Second, how much is the endowment insurance? Let's take a look at employee pension insurance first.
1, employee pension insurance is paid monthly, and the payment amount is based on the local social security payment base × payment ratio. For example, Xiao Wang works in a company with a monthly salary of 6,000 yuan, and he pays employee pension insurance. The company pays 16% pension for him every month and enters the overall pension account; In addition, Xiao Wang himself will deduct 8% as a personal pension every month and enter a personal pension account. This is the situation that migrant workers pay social security for employees. Let's take a look with flexible employees. Xiao Li opened a design room, went to the street for flexible employment, and also paid employee pension insurance. His monthly income is 6000 yuan, and he pays 20% of his pension every month, of which 12% goes into the overall planning and 8% goes into his personal account. It is suggested that the ratio of 20% is not uniform throughout the country, but senior brother saw that this ratio was adopted in most places. After talking about employee pension insurance, let's take a look at resident pension insurance.
2. Residents' old-age insurance residents are generally divided into multiple grades, and the amount of financial subsidies given by different grades of government is different. ? For example, for example, Xiao Zhang, a local, chooses to pay the old-age insurance for residents, paying a premium of 3,600 yuan/year, and can get financial subsidies to 200 yuan. The payment amount and financial subsidy, a * * * 3,800 yuan, all go into the personal pension account.