How to calculate the pension after retirement

Pension calculation method: 1. Basic pension = (the average monthly salary of employees in the whole province in the previous year at the time of retirement and the average monthly payment salary of employees) /2× payment period) × 1%. 2. Personal account pension = the amount of personal account storage at retirement/the number of months corresponding to my retirement age. If there is an one-child certificate, the total pension will increase by 5%. 65438+1September 30, 998 or before, there is also a transitional pension. There are two conditions for retirement to receive social insurance pension: 1. The actual payment period of the insured is 10 (1September 30, 998 or before) or15 (1June 99810 or after). 2. The insured person reaches the statutory retirement age (if he reaches the retirement age and the payment period is insufficient, he will continue to pay until he pays in full).

There are three factors that affect the amount of pension: 1. When retiring, the average salary of the previous year (the average salary of the whole province is increasing every year, and the pension is increasing year by year. Therefore, the later the retirement time, the more pensions); 2 my payment period (including actual payment period and deemed payment period). The longer the payment period, the more pensions); 3. Personal account amount (the more contributions, the more pensions). Upper limit of payment base of employee pension insurance: if the average salary of local employees exceeds 300%, the payment base is calculated according to 300% of the average monthly salary of local employees, that is, the upper limit of payment, and the excess part is not used as the payment base, nor is it used as the base for calculating basic pension. Lower limit of employee pension insurance payment base: if the average monthly salary of employees is lower than 60% of the average monthly salary of local employees, the payment base shall be calculated according to 60% of the average monthly salary of local employees. That is, according to the law, the formula for calculating the basic pension for normal retirement is the same in the whole country, but there are some differences among provinces, cities and districts. You should consult the local social security agency, subject to local policies.