Calculation Method of Retirement Wage in Shaanxi Province

The calculation method of retirement salary in Shaanxi Province is determined according to the unified standard, which mainly considers the factors such as on-the-job salary, professional title allowance, probation salary, seniority salary and performance salary. At the same time, we should also consider the influence of endowment insurance base and length of service according to different situations.

The calculation of retirement wages in Shaanxi Province generally follows the following standards: 1. On-the-job salary: based on the average salary of recent 12 months; 2. Professional title allowance: calculated according to professional title grade and actual payment standard; 3. Probation salary: calculated according to regulations; 4. Length of service salary: determined according to working years; 5. Performance pay: determined according to performance appraisal results; 6. Old-age insurance base: It is determined according to the actual payment base of individuals, and the maximum payment base shall not exceed the maximum payment base of local old-age insurance. The above factors are combined with each other to comprehensively calculate the amount of retirement wages. In addition, if there are other factors such as statutory overtime pay and holiday overtime pay, they also need to be included. In addition, if retirees have a higher length of service, they may also receive a certain length of service subsidy. The specific length of service subsidy standard needs to be calculated according to relevant regulations.

If retirees have unused annual leave or overtime pay waiting to be paid, how can they be included in retirement wages? If retirees have unused annual leave or overtime pay, this part should be included in the last month's salary to calculate retirement pay. If these expenses are paid after retirement, they should not be included in the calculation of retirement wages.

The calculation standard of retirement salary in Shaanxi Province mainly considers many factors, such as salary during working period, professional title allowance, probation salary, seniority salary, performance salary, etc., and at the same time considers the influence of endowment insurance base and seniority according to different situations. If retirees have unused annual leave or overtime pay waiting to be paid, they need to be included in the last month's salary. In addition, retirement insurance is also protected by relevant laws and regulations.

Legal basis:

The calculation method of the basic pension in Article 13 of the Regulations on Retirement Insurance in People's Republic of China (PRC) is: if the actual payment period exceeds several months, it will be paid at 2% of the monthly payment salary; If the actual payment months are the same during the working period, it shall be calculated as 1.5% of the monthly payment salary; If the actual payment period is short, it shall be calculated as 1% of the monthly payment salary. However, the maximum calculation ratio shall not exceed 3 times of the average monthly salary, and the minimum calculation ratio shall not be lower than the local minimum wage standard.