Qingdao Pension Calculation Formula

Monthly pension entitlement = base pension + personal account pension

Pension is a personal pension protection, however, the calculation of pension is related to the average index of local contributions, the balance of funds in the personal account, the amount of social wage at the time of the legal retirement age, etc. Today, I'm going to give you an organizing note on the calculation of Qingdao pension.

Calculation of Qingdao pension

When we retire, the amount of the basic pension and personal account pension determines the amount of retirement pension salary.

Monthly Retirement Salary=Base Pension+Personal Account Pension

Here are the formulas for how to calculate the base pension and personal account pension:

Base Pension=/2×Payment Years×1%;

Personal Account Pension=Accumulated amount in one's actual account/Number of months of payment.

Suppose:Lao Wang retired at the age of 60 and had 139,000 yuan in his personal account when he retired. Individual account pension = 139000 / 139= 1000 yuan.

The base pension is the number of years of contributions multiplied by 1% multiplied by the average monthly salary of the local community in the year of retirement.

Assuming that the average monthly wage is 6,000 yuan and the number of years of contribution is 25 years, the basic pension is 1% multiplied by the number of years of contribution in the year of retirement.

Base pension = 25 years * 1% * 6000 RMB = 1500 RMB/month.

Note 1: This is assuming that contributions have been made at the local average wage level. If contributions are high, the 1% figure will be high, such as 1.2%, and if contributions are low, it will be less than 1%, such as 0.7%.

Note 2: generally in 1992 before the start of individual contributions. 1992 years of service, as long as there is a contract, archives and other proof, all counted as already paid, called the deemed contribution years.

The total of the two is per month:1,000+1,500=2,500 yuan per month.

New Qingdao pension policy in 2019

New pension rules to be implemented from this year

Recently, Qingdao Municipal Bureau of Human Resources and Social Security and Municipal Bureau of Finance jointly issued the Notice on Doing a Good Job in Establishing a Mechanism for Determining the Treatment of Residents' Basic Pension Insurance and Normal Adjustment of Basic Pension. The Notice, which was implemented in January 2019, sets out requirements and tasks in six areas: treatment determination, pension adjustment, contribution incentives, contribution brackets, contribution subsidies, and preservation and enhancement of the value of individual account funds.

Improving the mechanism for determining residents' pension insurance treatment

Residents' basic pension insurance treatment consists of basic pension and individual account pension. According to the national and provincial regulations and the per capita disposable income of the residents of the city, the financial situation and other factors, to reasonably determine the minimum standard of Qingdao basic pension. The insured residents aged 65 and above are appropriately tilted. Among them:65-74 years old, 75 years old and above the entitlement recipients, their basic pension per person per month higher than the basic pension standards of the districts and cities of 5 yuan, 10 yuan respectively.

The insured residents aged 65 and above are appropriately tilted, mainly in view of the fact that the residents' pension insurance system has not been established for a long time, and some of the older elderly residents have not made contributions or have not contributed for a long time, and have no personal account pension or a low amount of money, so the role of safeguarding this part of the basic life of the people is not strong enough. The implementation of the above senior tilt policy, in 2019, the city and district finances need to invest an additional 66.48 million yuan.

Appropriate subsidies based on contribution grade

Reasonable adjustment of the contribution subsidy standard based on economic development, increase in individual contribution standard and financial resources, appropriate increase in contribution subsidy for those who choose to contribute at a higher grade, and guidance for urban and rural residents to choose to contribute at a higher grade standard. According to the city's current residents of the basic pension insurance individual contribution level: the choice of 100 yuan, 300 yuan standard contribution, the subsidy rate of 30 yuan per person per year; the choice of 500 yuan, 600 yuan standard contribution, the subsidy rate of 60 yuan per person per year; the choice of 800 yuan, 1,000 yuan standard contribution, the subsidy rate of 80 yuan per person per year; the choice of 1,500 yuan and above standard contribution For those who choose the standard contribution of 1500 yuan and above, the subsidy standard is 100 yuan per person per year. Persons whose contributions to residents' pension insurance are made by the government enjoy the corresponding government contribution subsidy. Encourage collective economic organizations to increase the contribution subsidy, encourage other social organizations, public welfare and charitable organizations, and individuals to pay for the participants to increase funding.

Residents' pension insurance set up four additional contribution levels

Based on the economic and social development of Qingdao, the residents of disposable income, flexible employment annual contributions, etc., Qingdao residents' pension insurance annual contribution level is set at 100 yuan, 300 yuan, 500 yuan, 600 yuan, 800 yuan, 1,000 yuan, 1,500 yuan, 2,000 yuan, 2,500 yuan, 3,000 yuan, 4,000 yuan, 3,000 yuan, 4,000 yuan, 4,000 yuan, 4,000 yuan. There are 16 levels: 100 yuan, 300 yuan, 500 yuan, 600 yuan, 800 yuan, 1000 yuan, 1500 yuan, 2000 yuan, 2500 yuan, 3000 yuan, 4000 yuan, 5000 yuan, 6000 yuan, 8000 yuan, 10000 yuan, 12000 yuan. Among them, the 100 yuan grade only applies to the low income people and other people who have difficulty in paying the fees. Municipal government will be based on national and provincial regulations and economic and social development and income growth of residents to adjust the contribution level and the minimum contribution level standard.

The above provisions, on the basis of the city's residents' pension insurance original 12 contribution level, set up an additional 6,000 yuan, 8,000 yuan, 10,000 yuan, 12,000 yuan four levels, not only retained the minimum contribution level of 100 yuan for low-income recipients and other people with difficulties in payment to choose, but also take into account the balance of the employee's pension insurance, the highest level is not more than the city's flexibly employed people to participate in the employee's basic pension insurance annual contribution. The maximum level does not exceed the annual contribution amount of the flexible employed persons in the city who participate in the basic pension insurance for employees.

Qingdao Pension Insurance Contact Information

Organization: Qingdao Rural Social Pension Insurance Office

Address: No. 8, Fuzhou South Road, Qingdao

Contact Phone:

Organization: Rural Insurance Section, Laoshan District Social Insurance Fund Management Center

Address: No. 16 Qinling Road, Laoshan District

Contact Phone:

Address: No. 16 Qinling Road, Laoshan District p>Contact number:

Name of organization:Chengyang District Rural Social Pension Insurance Division

Address:No.211, Zhengyang Road, Chengyang District

Contact number:

Name of organization:Development Zone Social Security Career Management Center

Address:No.38, Zijinshan Mountain Road, Development Zone

Contact number:-8255, 8244

Agency Name:Rural Social Pension Insurance Management Office of Jimo City

Address:No.79, Xinxing Road, Jimo City

Contact Tel:

Agency Name:Jiaozhou City Social Insurance Funds Management Center

Address:No.299, Lanzhou East Road, Jiaozhou City

Contact Tel:

Agency Name Rural Social Pension Insurance Office of Jiaonan City

Address:No.82, Zhuhai Road, Jiaonan City

Contact:

Name of Organization:Rural Social Pension Insurance Office of Pingdu City

Address:No.79, People's Road, Pingdu City

Contact:

Name of Organization:Laixi City Rural Social Pension Insurance Business Management Office

Address:No.1, Huanghai Road, Laixi City

Contact:

Related Issues

I. How to Calculate the Pension in Qingdao Area

According to the regulations, those who have already retired before October 1, 1998, will be paid their pensions in accordance with the original regulations. The formula for calculating the basic monthly pension is: basic monthly pension = x the calculation ratio + 12 subsidies provided by the state. Among them: 10-20 years of service, the payment ratio is 85%; 20-30 years of service, the payment ratio is 90%; more than 30 years of service, the payment ratio is 95%.

The formula for calculating the basic pension is as follows:

Basic pension=basic pension+individual account pension+transitional pension=average monthly salary of the city's employees in the year before retirement×20%%+principal and interest of individual account and ÷120+indexed average monthly salary×year of contribution before the end of 1997×1.4%%.

Two, Qingdao pension online certification how to handle

At present, there are three ways to participate in the qualification certification:

Retirees themselves with ID card, retirement certificate and assistance certification form can be in the location of their residence in the street labor security work agencies for the or the location of the county-level social insurance agency for off-site assistance certification, the retiree himself or family members should be in the retiree The retired person himself or his family should send the Assistance Certification Form back to the social insurance agency where the pension insurance relationship is located within the same month of the retired person's birth. The Assistance in Certification Form can be mailed to the retiree by the former enterprise or the social insurance administration organization where the pension insurance relationship is located. Please contact your former company or the social insurance agency in the place where you have a pension insurance relationship to receive the Assistance in Certification Form, or visit the website of your local social security office to download it.

When returning to the place of retirement, you can participate in the initial collection of fingerprints and face at the place of domicile. After the collection, you can apply for eligibility certification in our local social security bureau network face authentication system.

Participate in the Ministry of Human Resources and Social Security unified network authentication in different places. At present, all provinces and cities have been added to the Ministry of Human Resources and Social Security off-site authentication platform, you can through the original enterprise to the pension insurance relations of the local social security bureau to apply for off-site networking certification to participate in off-site networking certification. But please make sure that your place of residence has been added to the Ministry of Foreign Affairs platform in advance.

Three, I paid fifteen years of social security in Qingdao, in the old home to receive the pension, but also in the local Qingdao City

And you can choose, you can receive in Qingdao, or in the place of domicile. Because you have paid more than ten years of insurance in Qingdao, according to Qingdao city regulations, you can apply for retirement procedures in Qingdao city to receive pension.

Legal basis:

Article 17 of the Social Insurance Law of the People's Republic of China

If an individual who participates in the basic pension insurance dies due to illness or not due to work, his/her survivors can receive funeral subsidies and pensions; if he/she is disabled due to illness or not due to work and has lost his/her working ability completely before he/she reaches the legal retirement age, he/she can receive the invalidity allowance. The required funds are paid from the basic pension insurance fund.