Zhoukou social security balance inquiry Taikang County 20 years of pension payment, 54,244 yuan, 30 years of service, 50 years old, female 16 years of retirement, the pension to receive much

According to the pension calculation method, the employee's pension at retirement is calculated by the following formula:

Participants on and after January 1, 1996

Pension = basic pension + personal account pension

Participants who joined the workforce before January 1, 1996

Pension = basic pension + personal account pension + Transitional Pension

Base Pension = Average Monthly Wage of Local In-service Employees in the Previous Year (1+My Average Contribution Index)÷2×Years of Contribution×1%

Formulas: My Indexed Average Monthly Contributory Wage = Average Monthly Wage of Local In-service Employees in the Previous Year×My Average Contributory Index

For example, according to the above formula, assume that a male employee retires at the age of 60, and that the average contribution of the local employees in the previous year was $10 million. The average monthly salary of local on-the-job workers in the previous year is 4,000 yuan.

When the cumulative contribution period is 15 years, and the average personal contribution base is 0.6, the basic pension = (5000 yuan + 5000 yuan × 0.6) ÷ 2 × 15 × 1% = 600 yuan

When the average personal contribution base is 1.0, the basic pension = (5000 yuan + 5000 yuan × 1.0) ÷ 2 × 15 × 1% = 750 yuan

According to the above formula, assuming that the average monthly salary of local in-service workers in the previous year is 4000 yuan.

When the average individual contribution base is 3.0, the basic pension = (5000 yuan + 5000 yuan × 3.0) ÷ 2 × 15 × 1% = 1500 yuan

When the cumulative contribution period is 40 years,

When the average individual contribution base is 0.6, the basic pension = (5000 yuan + 5000 yuan × 0.6) ÷ 2 × 40 × 1% = 1600 yuan Yuan

When the average individual contribution base is 1.0, the basic pension = (5000 yuan + 5000 yuan × 1.0) ÷ 2 × 40 × 1% = 2000 yuan

When the average individual contribution base is 3.0, the basic pension = (5000 yuan + 5000 yuan × 3.0) ÷ 2 × 40 × 1% = 4000 yuan

Personal pension = Base Pension + Personal Account Pension = Base Pension + Personal Account Savings ÷ 139

Personal Account Pension = Personal Account Savings at Retirement ÷ Number of Months of Crediting (The number of months of crediting is based on the retirement age and the average life expectancy of the population at that time. The number of months of payment is slightly equal to (average life expectancy of the population - retirement age) x 12.

The number of months of payment is as follows: at age 50 it is 195 months, at age 55 it is 170 months, and at age 60 it is 139 months

For example, if a person retires at the age of 55 and has a balance of 51,000 yuan in the personal account, the personal account pension will be

51,000 yuan ÷ 170 months = 300 yuan/month

Transitional pension = (average monthly salary of local employees on the job in the previous year at the time of the participant's retirement + his or her indexed average monthly contributory salary) ÷ 2 × deemed years of contribution × 1.4%

Transitional pensions are valid only for those who participated in the scheme before 1996. The deemed contribution period is the period from the time you joined the work to the time you started to pay the pension insurance, including the period when the youth went to the countryside is regarded as the length of service. You need to provide your own files before reporting to the Social Security Administration for review and determination.