1, Shanghai pension insurance contribution standard for urban and rural residents:

(1) urban and rural residents of the basic pension insurance individual contribution standard is set at 500 yuan per year, 700 yuan, 900 yuan, 1,100 yuan, 1,300 yuan, 1,500 yuan, 1,700 yuan, 1,900 yuan, 1,900 yuan, 2,100 yuan, 2,800 yuan, and 3,300 yuan 12 grades;

(2) district and county governments subsidize the contributions of participants corresponding to the above mentioned grades. Yuan, 3,300 yuan, 12 grades, the participants independently choose the grade to pay contributions;

(2) district and county governments to subsidize the contributions of the participants, corresponding to the above payment grades, the subsidy rate of 200 yuan, 250 yuan, 300 yuan, 350 yuan, 400 yuan, 425 yuan, 450 yuan, 475 yuan, 500 yuan, 525 yuan, 550 yuan, 575 yuan;

(3) Village collective economic organizations that are in a position to do so shall subsidize participants' contributions in an amount not exceeding the standard of the highest contribution bracket.

2. Shanghai pension insurance contribution standard for urban workers:

(1) Enterprises pay basic pension insurance premiums, according to the total sum of all employees' contributory wages as the contribution base, and the contribution rate is 20%;

(2) Individual employees pay basic pension insurance premiums, according to their own last month's wages as the contribution base, and the contribution rate is 8%;

(3) The employee's own salary is determined in accordance with the items included in the statistics of total wages as stipulated by the national statistics department. The part of the employee's own monthly salary that exceeds 300% of the average monthly salary of the employees on duty in the previous year is not included in the contribution base. If the employee's monthly salary is less than 60% of the average monthly salary of the employed employees in the previous year, the contribution base shall be calculated according to 60%.

The conditions that must be met for an employee to receive a monthly basic pension:

1. Reaching the statutory retirement age and having gone through retirement procedures;

2. The unit and individual participating in pension insurance in accordance with the law and fulfilling the obligation to pay pension insurance contributions;

3. Individuals having paid contributions for at least 15 years (the number of years of contributions during the transition period includes the number of years of deemed contributions). China's statutory retirement age for enterprise workers is 60 years old for male workers; 55 years old for female workers engaged in management and scientific research; 50 years old for female workers engaged in production and labor support work, and 55 years old for female freelancers and self-employed businessmen;

4. The basic old-age pension = the province's average monthly salary of the previous year's on-the-job workers (1 + the index of one's average contribution)/2* years of contribution * 1%;

5.

5. Individual account pension = individual account storage amount / number of months of individual account pension accrual;

6. The sum of the above two A+B is the monthly amount.

In summary, the basic pension consists of the integrated pension and individual account pension. The basic pension is determined according to the individual's accumulated years of contribution, the contribution salary, the average salary of local workers, the amount of the individual account, and the average life expectancy of the urban population.

Legal basis:

Article 12 of the Social Insurance Law of the People's Republic of China

Employers shall pay the basic pension insurance premiums in accordance with the ratio of the total wages of the employees of the organization as stipulated by the State, which shall be credited to the Basic Pension Insurance Coordination Fund.

Employees shall pay basic pension insurance premiums in the proportion of their own wages as prescribed by the State, which shall be credited to their individual accounts.

Individual industrial and commercial households without employees, part-time workers who have not participated in the basic pension insurance in the employing organization, and other flexibly employed persons participating in the basic pension insurance shall pay the basic pension insurance premiums in accordance with the state regulations, which shall be credited to the basic pension insurance general fund and the individual account respectively.