Endowment insurance refers to paying a certain social insurance premium during working hours, and after reaching the prescribed retirement age, you can receive a certain pension to maintain your life. After 20 years of old-age insurance, how much you can get every month after retirement depends mainly on local social security standards. There are two kinds of old-age insurance systems: urban old-age insurance and rural old-age insurance, with different standards. Take the old-age insurance for urban residents as an example, the pension standards vary greatly from place to place, but they are generally between 1800-4000 yuan. Within this scope, the specific standards are formulated by the local government according to the actual situation. At the same time, the timely payment of social security fees, payment period and individual contribution base will also affect the level of pension. In addition, the standard of rural residents' old-age insurance is low, and most areas are generally around 700 yuan.
I haven't paid pension insurance for 20 years. How much pension can I get after retirement? If the old-age insurance has not been paid for 20 years, under normal circumstances, the pension can be calculated according to the factors such as the paid old-age insurance premium, the payment period and the salary base of individual contributions. The specific amount of pension needs to be determined according to the local social security policy.
The old-age insurance system is a part of social security and plays an important role in ensuring the lives of employees. Only by paying social security fees seriously and on time during work can we get more pension benefits. At the same time, we should also pay attention to local endowment insurance policies, regulations and standards, and enjoy legitimate rights and interests according to law.
Legal basis:
Article 54 of the Social Insurance Law of People's Republic of China (PRC), retirees receive basic pensions according to the accumulated payment period of individual accounts and the average monthly salary of local urban residents and workers.