Vanuatu's pension standard

Pension payment standard for retirees living abroad

1, basic pension = (average monthly salary of employees in the overall planning area last year+average monthly payment salary of myself) /2× payment period ×1%;

2, personal account pension = personal account balance/number of months;

3. Transitional pension = (when retiring, the average monthly salary of employees in the province in the previous year+the average monthly payment salary of myself) ÷ 2×199565438+February 3 1, and the accumulated payment period before the establishment of individual account × 1.3% (calculation coefficient).

Vanuatu, located in the western South Pacific, belongs to Melanesian Islands and consists of 83 islands (68 of which are inhabited).

The largest island is Santo Island (with an area of 3,974 square kilometers), which belongs to a tropical maritime climate with an average annual precipitation of 1.600 mm, and the average temperature in the capital Port Vila is 25.3℃. The land area is 1.2 1.9 thousand square kilometers, and the water area is 848 thousand square kilometers. 98% of them are Vanuatu and belong to melanesians. The official languages are English, French and Bislama, which is commonly used. 84% people believe in Catholicism. It consists of about 80 islands, 68 of which are inhabited.

Vanuatu people are mainly engaged in the production activities of the primary industry, mostly involving agriculture, and their crops can meet the needs of about 65% of Vanuatu's population. In addition, fisheries and animal husbandry are also one of Vanuatu's main economic activities. Tourism is also very important in Vanuatu and is one of the sources of government revenue.