How to calculate the retirement salary in Beijing

The calculation method of Beijing pension is as follows: pension = basic pension+personal account pension.

Basic pension: the average monthly salary of local employees in the previous year *( 1+ my average contribution wage index) /2* years of contribution * 1%.

My average payment wage index: (I 1 annual payment wage/last year's average salary of employees+I'm n-1annual average salary of employees)/actual payment period.

Personal account pension: the accumulated amount of personal account at retirement (including interest)/the number of months corresponding to my retirement age. .

The ways to receive social security pension after retirement are as follows:

1. One month before the insured reaches the statutory retirement age (special type of work and early retirement due to illness need to apply for review or labor ability appraisal three months in advance), the insured or the social security administrator of his unit shall submit the relevant information of retirement application to the social security agency;

2 social security agencies to review the information provided by the insured, in line with the conditions of receiving monthly treatment, the issuance of employee retirement certificates, starting from the next month to issue basic pensions on a monthly basis;

3. After receiving the employee's retirement card in the month 15, the insured person will bring his ID card, social security card and retirement card to the designated bank to apply for the pension card, and provide the household registration book to the social security agency, and the social security department will pay the pension to your designated account every month according to the regulations.

Legal basis:

Article 15 of the Social Insurance Law of People's Republic of China (PRC) stipulates that endowment insurance 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 at 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.

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