Policies vary from place to place, depending on local fiscal revenue. Based on the principle of "easy first, difficult later, urgent later", we will gradually introduce the old age allowance policy from rural areas to cities and from solving difficulties to universal benefits, and finally realize the full coverage of the old age allowance of 100, 90 and 80 years old. At present, the old age allowance is paid to people over 80 years old. From this year 1, the standard of the old age allowance for the elderly registered in our city is unified as follows: the old age allowance for centenarians is 500 yuan/person/month; Old age allowance for 90-99 years old 200 yuan/person/month; The old age allowance for the elderly aged 80-89 is 100 yuan/person/month.

The payment base of endowment insurance is as follows:

1. Base and proportion of the basic old-age insurance premium paid by the employer: the employer shall pay the old-age insurance premium for the employees according to 20% of the total monthly salary of the previous year, and the specific proportion shall be determined by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government;

2. Base and proportion of basic old-age insurance premiums paid by employees: 8% of employees' salary is credited to their personal accounts. The average monthly salary should be calculated according to the statistical items included in the total salary stipulated by the National Bureau of Statistics. The part where the monthly average wage exceeds the average wage of local employees by more than 300% is not included in the individual contribution base; If it is lower than 60% of the average wage of local employees, the payment wage base shall be calculated at 60%.

I hope the above questions can help you. If you have other legal questions, please consult a professional lawyer.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Fifteenth basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.