In Zhejiang Wenzhou, if the social security base is 18,500, the amount one can receive mainly involves pension and unemployment insurance benefits. Here's a breakdown:
- Pension calculation:
- Basic pension: It is calculated based on the formula: (Average monthly wage of local employees in the previous year when the insured retires + My indexed average monthly contribution wage) ÷ 2 × Total years of personal contribution × 1%. For example, if the average wage in Wenzhou is X yuan, and assuming a certain contribution period, the calculation will be affected by this data.
- Personal account pension: The formula is: Personal account savings amount ÷ Calculation and payment months. The personal account savings amount is related to the amount of personal contributions over the years. For instance, if retiring at 60 years old, the calculation and payment months are 139.
- Unemployment insurance benefits:
- The amount of unemployment insurance benefits is related to the contribution period. Generally, for every full year of contribution, one can receive unemployment benefits for one month. For example, if the contribution period is less than 5 years, the maximum number of months to receive benefits is 12 months; if it is between 5 - 10 years, the maximum is 18 months; if it is 10 years or more, the maximum is 24 months.
- The specific amount of unemployment insurance benefits in Wenzhou is 90% of the local minimum wage standard. For example, in Wenzhou urban area, if the minimum wage standard is Y yuan, then the monthly unemployment insurance benefit is 0.9Y yuan.
In general, the amount of social security benefits received in Wenzhou with a social security base of 18,500 is affected by multiple factors such as contribution years, retirement age, and local wage standards. For accurate calculations, it is recommended to consult the local social security department.
