How to calculate the pension, how to calculate the pension

Pension = basic pension + personal account pension.

Personal account pension = personal account savings Number of months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time.) The number of months is slightly equal to (average life expectancy - retirement age) x 12. At present, 50 years old is 139 years old, and it is no longer unified to 120).

Basic pension.

The average monthly salary of on-the-job employees in the province in the previous year + the average indexed monthly salary of the person) 2 Payment period 1%.

The average monthly wage of on-the-job employees in the province in the previous year (1 + average payment index) 2 Payment period 1%.

Where: my indexed average monthly contribution wage = the average monthly salary of the province's on-the-job employees in the previous year and my average contribution index.

In the above formula, it can be seen that in the case of the same payment period, the level of the basic pension depends on the average contribution index of the individual, and the average contribution index of the individual is the average of the ratio of the actual contribution base to the average salary of the society over the years. The lower limit is and the upper limit is 3. Therefore, in the two calculations of pensions, the higher the contribution base and the longer the number of years of contributions, the higher the pension will be.

The pension is provided for indefinitely, as long as the recipient survives, he can enjoy the treatment of receiving a pension on a monthly basis, even if the personal account pension has been used up, it will still continue to calculate the basic pension according to the original standard, and the personal pension will also increase year by year according to the increase in the average monthly salary of the social on-the-job workers. Therefore, the longer you live, the more you can receive, and it will definitely be more cost-effective than paying for it.

Pension calculation method.

Calculation formula: basic pension = basic pension + personal account pension + transitional pension.

Basic pension = C1 12 [20% + (h-15) Personal account pension = Accumulated savings in personal account at retirement 120 Transitional pension = x Contribution period before the establishment of personal account Adjustment fund.

x=c1÷12n×(a1/c1+a2/c2+a3/c3+……an/cn)

In the formula: x is the indexed average monthly contribution wage.

a1、a2……an is the ...... of 1 year and 2 years before the employee's retirementContributory wages for n years.

c1、c2……CN is the ...... 1 year and 2 years before the employee's retirementThe average annual wage of employees in the city for n years.

n The actual payment period for the joint payment of the enterprise and the employee.

h is the full number of years of payment.

Legal analysis: pension = basic pension + personal account pension.

Personal account pension = personal account savings The number of months (50 years old is 139 years old, and it is no longer 120).

Basic pension = (the average monthly salary of the on-the-job employees in the province in the previous year + the average indexed monthly contribution salary of the person) 2 The payment period 1% = the average monthly salary of the on-the-job employees in the province in the previous year (1 + the average payment index of the person) 2 The payment period is 1%.

Legal basis: Article 16 of the Social Insurance Law of the People's Republic of China Individuals who participate in the basic endowment insurance and have paid contributions for 15 years when they reach the statutory retirement age shall receive the basic pension on a monthly basis. Individuals who participate in the basic endowment insurance and have paid contributions for less than 15 years when they reach the statutory retirement age can pay for 15 years and receive the basic pension on a monthly basis; It can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, and enjoy the corresponding endowment insurance benefits in accordance with the regulations.

Legal Analysis: The retirement salary of a retired employee is calculated with reference to the salary at the time of retirement. That is, the retirement allowance of a civil servant after retirement shall be calculated and paid according to a certain proportion of the sum of the salary of his post and the salary of his or her grade before retirement, of which 90% shall be calculated and paid if he has worked for 35 years or more, and the retirement allowance of a staff member of a public institution after retirement shall be calculated and paid according to a certain proportion of the sum of his salary and salary scale of his post before retirement.

Therefore, retirement pay will be affected by the number of years of service and the salary scale before retirement, and the longer you work, the higher your retirement pay.

Legal basis: Article 3 of the Labor Law of the People's Republic of China Workers enjoy the right to equal employment and choice of occupation, the right to receive labor remuneration, the right to rest and vacation, the right to labor safety and health protection, the right to receive vocational skills training, the right to enjoy social insurance and welfare, the right to submit labor disputes for settlement, and other labor rights prescribed by law.

Workers shall complete labor tasks, improve professional skills, implement labor safety and health regulations, and abide by labor discipline and professional ethics.

Pension calculation method and formula:

1. Basic pension = (the average monthly salary of on-the-job employees in the province in the previous year A + the average indexed monthly salary of the employee) 2 Payment period (including the deemed payment period) 1%.

2. Personal account pension = personal account savings The number of months of personal account pension.

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

4. The basic pension will be adjusted annually in July according to the plan announced by the province's first smile.

Data Extensions

To receive a pension, the following conditions must be met:

Participate in the basic endowment insurance after July 1 of the year, reach the retirement age stipulated by the state, and have a cumulative payment period (including the deemed payment period, the same below) for 15 years;

Those who participated in the basic endowment insurance before June 30, 2013, reached the retirement age stipulated by the state before June 30, 2013, and paid for a total of 10 years;

Participate in the basic endowment insurance before June 30, 2013, and reach the retirement age stipulated by the state after one day of travel in July 2013, and the cumulative payment period has reached 15 years;

Before June 30 of the year, they should participate in the basic endowment insurance, go through the procedures for participating in the insurance and making supplementary contributions after July 1, 1998, reach the retirement age stipulated by the state, and have paid for 15 years in total.

Pension, also known as retirement pension and retirement fee, is one of the most important social pension insurance benefits.

That is, the relevant documents of the state stipulate that after the workers are old or lose the ability to work, according to their contributions to the society and their qualifications for enjoying pension insurance or retirement conditions, the insurance benefits paid in the form of money on a monthly or one-time basis are the needs of benefiting the society, and are mainly used to ensure the basic living needs of employees after retirement. Pensions are accumulated and operated in accordance with the principle of common accumulation of the state, collectives and individuals.

When people are in the prime of life, a portion of the wealth created is invested in pension plans to ensure that they are provided for in old age.

Pension generally refers to pension, pension is mainly composed of basic pension, personal account pension, transitional pension, transitional adjustment fund, and can be calculated separately. The monthly standard of basic pension is based on the average monthly number of local employees on the job in the previous year and the average of their indexed average monthly payment salary, and 1% is paid for every 1 full year.

[Legal basis].Article 15 of the Social Insurance Law.

The basic pension consists of a pooled pension and a pension in an individual account. The basic pension is determined according to factors such as the cumulative number of years of individual contributions, the contribution salary, the average salary of local employees, the amount of personal accounts, and the average life expectancy of the urban population. Fierce pure.

Article 16. Individuals who participate in the basic pension insurance and have paid contributions for 15 years when they reach the statutory retirement age shall receive the basic pension on a monthly basis. Individuals who participate in the basic endowment insurance and have paid contributions for less than 15 years when they reach the statutory retirement age can pay for 15 years and receive the basic pension on a monthly basis; It can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, and enjoy the corresponding endowment insurance benefits in accordance with the regulations.

The pension is calculated comprehensively according to factors such as the payment base, the number of years of payment, the balance of personal accounts, the average monthly salary of employees in the previous year, and the retirement age.

The pension insurance for urban workers is composed of three parts: basic pension, transitional pension and personal pension.

Regardless of whether you are an employee or a flexible employee, the pension calculation method after your retirement is equal to the basic pension + transitional pension + personal pension, if the employee has an enterprise annuity, it is necessary to add the enterprise annuity.

The formula is as follows:

Basic pension = (basic pension calculation base + average monthly indexed salary of the person) 2 * (deemed payment period + actual payment period) * 1%.

Personal pension = personal pension savings The number of months corresponding to the retirement age of the person.

The number of months for retirement at age 50 is 195 months, the number of months for retirement at age 55 is 170 months, and the number of months for retirement at age 60 is 139 months.

Transitional pension = basic pension calculation base * average contribution salary index * deemed payment period * calculation and payment coefficient.

In different regions, the calculation coefficient is not the same. In addition, in different regions, there are some differences in the calculation formula of transitional pensions, and some places will replace the average contribution index in the formula with the deemed contribution index.

In China, the calculation formula of pension can be roughly expressed as: pension = (total salary of individual contribution + sum of salary paid by unit) number of months of payment payment period replacement rate. However, the exact formula will be adjusted according to different places and policies, so I can't give a completely accurate answer.

The replacement rate is the ratio of pension to average salary. In China, the rate is usually between 60%-75%, depending on how many years you have worked for it. For example, if you've worked for 15 years, your replacement rate might be 60%, and if you've worked for 30 years, your replacement rate might be 75%.

Let's say we have two people, one has worked for 36 years and the other has worked for 41 years. Their average monthly salary is 6,000 yuan, and the replacement rate in their place is 1% for each year they work. Then, the replacement rate for 36 years is 60% +36% = 96%, and the replacement rate for 41 years is 60% +41% = 101%.

However, there is usually an upper limit on the replacement rate in China, usually 75%, so no matter how long you have been working, your replacement rate will not exceed this upper limit. So, according to this assumption, whether you have worked for 36 years or 41 years, your pension will be calculated based on a replacement rate of 75%. However, if your replacement rate can exceed 75%, then a person with 41 years of service will receive a higher pension per month.

Specifically, if we still calculate the average monthly salary of 6,000 yuan, then the monthly pension of a person with 36 years of service will be 6,000 96% = 5,760 yuan, and the monthly pension of a person with 41 years of service will be 6,000 101% = 6,060 yuan. So, if your replacement rate can exceed 75%, then you can get an extra 300 yuan per month for 41 years of work than for 36 years. This is just a basic example, and the actual calculation can be more complicated because there are other factors that need to be taken into account, such as inflation, policy changes, and so on.

If you want to know the exact amount, you may want to consult your local social security agency or a professional financial advisor.

The 2021 Retirement Salary Calculator is calculated as follows:

Personal account pension The amount of savings in the account of the coarse person The number of months of calculation and issuance (50 years old is 139 years old, and it is no longer unified) Basic pension (the average monthly salary of the province's on-the-job employees in the previous year, the average monthly salary of the indexed monthly contribution of the person) 2 The payment period 1% = the average monthly salary of the on-the-job employees in the province in the previous year (1 person's average payment index) 2 The payment period is 1%.

Introduction to Pension Calculation:

At present, we can receive pensions through three methods, namely personal pension insurance, account pension and basic pension, let's talk about what are the pension calculation methods.

Personal social endowment insurance.

Personnel who participate in the social co-ordination of the basic old-age insurance for employees of municipal and urban enterprises, reach the retirement age stipulated by the state, and the actual payment period (including the deemed payment period, the same below) is more than 15 years, and the basic pension shall be calculated and paid on a monthly basis. According to the latest pension calculation method, the pension of employees when they retire is composed of two parts.

Pension calculation method Basic pension personal account pension.

Personal account pension. Limb Town.

The number of months is determined based on the retirement age and the average life expectancy of the population at that time. The number of months is slightly equal to (average life expectancy - retirement age) x 12. At present, 50 years old is 139 years old, and it is no longer unified to 120).

Pension calculation method Personal account savings Number of months.

Personal basic pension.

Pension calculation method (the average monthly salary of on-the-job employees in the province in the previous year and the average indexed monthly contribution salary of the province) 2 The payment period 1% = the average monthly salary of the on-the-job employees in the province in the previous year (1 average contribution index) 2 The payment period is 1%.

Example] Assuming that a male employee retires at the age of 60, the average monthly salary of the on-the-job employees in the province in the previous year is 4,000 yuan, and the cumulative payment period is 15 years

The average individual contribution base is 4,000 yuan and 4,000 yuan.

The average individual contribution base is 4,000 yuan and 4,000 yuan.

The average individual contribution base is 4,000 yuan and 4,000 yuan.