How much is the basic pension?

1, the basic pension is generally not fixed. Under the condition of the same payment period, the level of basic pension depends on the average payment index of individuals. The basic pension is not fixed, and it will be paid according to the individual situation, and will be adjusted according to the current economic development.

2. Legal basis: Article 15 of People's Republic of China (PRC) Social Insurance Law.

The 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.

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for 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.

Second, the difference between pension and pension?

The difference between pension and pension is that:

1, the payment method is different. The biggest difference between pension and pension is payment. Pensions are provided by individuals or enterprises and can be enjoyed without the beneficiary's payment. The social endowment insurance premium is generally withheld and remitted by the insured unit, part of which is handed over to the state and part of which is deposited in personal accounts. The payment standard of social endowment insurance often follows a unified payment standard;

2. Different funding channels. Pensions are generally paid by the state finance or local finance, and the retirement benefits of retirees who have not participated in the social pooling of endowment insurance are called pensions or retirement living expenses. Pensions are paid by social insurance funds, and the retirement benefits of retirees who participate in social pooling of pension insurance are collectively referred to as pensions;

3. Different collection methods. According to the payment method of retirement pension, it can be divided into one-time payment and installment payment. The former refers to the one-time payment of pension after retirement, and the latter refers to the payment of pension by stages after retirement until death, such as monthly or annual payment of pension. Social endowment insurance is issued by government departments and institutions in a unified way, and there are unified regulations for each member of society to receive pensions.