Calculation formula of pension payment: unit payment amount=pension payment base * 20% (payment proportion varies from 22% to 10% due to different policies in different regions) Individual payment amount=pension payment base * 8% The insured year of pension insurance refers to: July 1, 2012 – June 30, 2013. The payment base, payment proportion and upper and lower limit of payment vary from place to place. Take some cities as examples. For example, according to the 2013 Shanghai Social Insurance Premium Payment Standard, the pension insurance payment base of institutions, enterprises, social groups and other units is 2815-14076 yuan, and the unit pays 22%. Then let's extend this question: pension insurance automatically takes effect only after the elderly within the legal scope "completely" or "basically" withdraw from social labor life. Completeness is characterized by the separation of workers from the means of production; The so-called basic means that participation in production activities has not become the main content of social life. The legal age limit is the practical measurement standard. At the same time, the insured can only meet the following two conditions, that is, to meet the retirement conditions stipulated by the state, relevant procedures have been handled; If the accumulative payment period of basic endowment insurance premiums has reached 15 years, the basic pension and funeral subsidies can be received on a monthly basis from the next month after the approval of the labor security administrative department. The basic endowment insurance premium is jointly paid by the enterprise and the insured according to different payment proportions. Take the contribution ratio of Beijing endowment insurance as an example: enterprises pay 16% of the total contribution base every month, and employees pay 8% of their salaries.