The old rule is that data speaks. As an important part of the social insurance system, the importance of pension insurance is self-evident. Referring to the 2022 Statistical Bulletin on the Development of Human Resources and Social Security issued by the Ministry of Human Resources and Social Security in July 2023, the data disclosed in it shows that by the end of 2022, the number of participants in China's basic pension insurance has reached 10500 million, an increase of 24.36 million compared with the end of 2021. The number of people insured by the basic pension insurance for urban workers is about 50 billion (an increase of 22.81 million compared with the end of 2021); The number of people insured by the basic old-age insurance for urban and rural residents is about 5500 million (an increase of 1.55 million from the end of 2021). It is not difficult to see from these data that with the further intensification of the aging process of the population, more and more workers are becoming more aware of the importance of pension insurance. Especially in the context of the 19th consecutive increase in the basic pension level of retirees in 2023, the awareness of enterprise employees and urban and rural residents to participate in insurance contributions has also been significantly improved, which can be reflected in the number of insured people. 
Pension application conditionsAccording to the current basic endowment insurance system, employees of enterprises and institutions can only apply for basic endowment insurance benefits if they meet two conditions at the same time. The cumulative number of years of participation and payment of basic pension insurance is 15 years (including the deemed payment period and the actual insurance payment period) to reach the statutory retirement age, that is, male employees must be at least 60 years old, female employees must be at least 50 years old, and female cadres and female flexible employment personnel must be at least 55 years old if they participate in employee pension insurance. The average monthly pension level of retireesBy the end of 2022, the number of retirees participating in the basic pension insurance for urban employees in China is 136.44 million, of which 11,530 people have implemented the pension insurance retirement system for enterprise employees90,000, and the remaining more than 21 million are retirees from government agencies and institutions. Between the two, there is still a certain gap in the basic pension insurance treatment. Taking Zhengzhou as an example, the monthly per capita pension level of enterprise employee pension insurance retirees in Zhengzhou in 2023 will be 333571 yuan; The monthly per capita pension level of retirees in government institutions has reached 5,45034 yuan. Between the two, the difference is 211463 yuan, the latter is 1 of the former6 times more. 
There are 3 major factors that affect the level of pensionsGenerally speaking, the basic pension of retirees is composed of three parts, namely the basic pension, personal account pension and transitional pension, and the calculation formula of the three is as follows: Basic pension = the average monthly salary of employees of full-caliber urban employment units in the province where the insured person retires in the previous year * (1 + the average contribution index of the person) 2 * cumulative insurance payment period * 1% Personal account pension = the cumulative amount of pension personal account storage at the time of retirement of the insured person The number of months of pension calculation Transitional pension = the average monthly wage of employees of full-caliber urban employment units in the province where the insured person retires in the previous year * deemed payment period * deemed contribution index * transition coefficient From the calculation formula of the above basic pension, it is not difficult to see that the three major factors affecting the pension level of retirees are the payment base, the payment period and the average monthly wage of the whole caliber of the province where the retiree is located. Generally speaking, the pension insurance treatment follows the basic principle of "paying more and getting more, and paying for a long time", that is, the higher the base of insurance payment and the longer the payment period, the higher the level of basic pension treatment applied for on a monthly basis after going through the retirement procedures. The social security contribution base will be adjusted in 2024As we all know, the payment base of social security is directly linked to the average monthly wage level of on-the-job employees in the overall planning area in the previous year, and with the growth of social average wages, the payment base of social security will also be adjusted. In addition, the upper and lower limits of the payment base are generally 300% and 60% of the average salary of the whole caliber in the overall planning area, that is, the insured employees can choose the payment grade within this range. It is reported that after entering 2024, many provinces and cities have successively announced the latest social security payment base, the examples are as follows: Shenzhen: From January 1, 2024 to June 30, 2024, the monthly payment base of basic pension insurance for employees of enterprises in Shenzhen will be implemented at no less than 3,523 yuan; From July 1, 2024, the lower limit of the payment base shall be implemented according to the minimum standard of the basic pension insurance payment base for employees of enterprises in Guangdong Province; Shandong: Before the unified announcement of the average wage of employed persons in full-caliber urban units in the province in 2023, the upper and lower limits of the monthly payment base of social insurance premiums for enterprise employees in 2024 will be temporarily implemented at 21,207 yuan and 4,242 yuan; Heilongjiang: In the "Notice on Determining the Average Wage of Full-caliber Employees Used in Basic Pension Insurance in 2024" issued by the local Department of Social Security, it is clarified that the average wage level of the previous year used to pay basic pension insurance premiums in the province in 2024 is 7,010 yuan, and the upper limit of payment is 21,030 yuan; The minimum payment limit is 4,206 yuan. 
How much pension can I receive each month after paying social security at the "lowest level", paying for 15 consecutive years, and retiring at the age of 60? Suppose that the insured employees of a 45-year-old enterprise in Heilongjiang Province will start to pay the basic pension insurance for employees at the "lowest level" from January 2024, and pay for 15 consecutive years until they retire at the age of 60. So how much pension can they receive each month after retirement? Next, we will introduce and calculate this problem in detail. As mentioned above, in 2024, the lower limit of the payment base for the pension insurance of enterprises in Heilongjiang Province is 4206 yuan per month, which will be credited to the personal account according to the payment ratio of 8%, that is, the amount included in 2024 will be 4206 * 8% * 12 = 403776 yuan. Combined with the average monthly wage of 6,430 yuan announced in Heilongjiang Province's "Notice on Determining the Average Wage of Full-caliber Employed Persons Used in Basic Pension Insurance in 2023", the average wage of full-caliber in 2022 and 2023 will increase by 9%. 
Assuming that the annual full-caliber level wage in Heilongjiang Province is at a rate of 9%**, then by 2038, the full-caliber social average wage level in Heilongjiang Province will reach 23,4255 yuan, and this data is also the calculation and payment base of the pension insurance benefits of the insured employees of the enterprise after retirement in 2039. The following is the calculation formula of the basic pension applied to this data: basic pension = 234255 yuan per month*(1+0..)6) 2 * 15 * 1% = 2811 yuan per month personal account pension = 118552 yuan 139 = 853 yuan Month description: The cumulative storage amount of the personal account = the annual amount of the personal account is added, and then the interest is calculated. In order to facilitate the calculation, we ignore the factor of interest and obtain that the cumulative storage amount of the insured employee's personal account is 118552 yuan. Adding the two parts, it can be calculated that the insured employees of a 45-year-old enterprise in Heilongjiang Province will start to pay employee pension insurance from January 2024, and they will pay the lowest grade for 15 consecutive years every year, so after retirement at the age of 60, the pension received each month is 3664 yuan. It can be seen that this pension level is not high. 
ConclusionAll in all, if the insured employees of the enterprise want to improve their pension insurance treatment standards after the age of 60, then they need to increase the payment base and extend the payment period as much as possible, and if the economic conditions allow, it is possible to increase the payment base to 100% or even 150% of the average salary of the full caliber. Therefore, according to the current pension insurance system, only by paying more can you get more! Here, we also remind everyone that pension insurance is the best investment for future retirement life, and you must not cut off the payment easily. The above is all the content to be introduced in this article, welcome to like ** comment, thank you for your support!