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How to calculate how much you can get from your pension?

Calculate your retirement pension formula: total monthly pension = basic pension+personal account pension.

Basic pension consists of unified pension and personal account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average wages of local employees, personal account savings, and average remaining life of urban population. Unified pension, originally called basic pension.

Basic pension = (average monthly salary of employees in the previous year+average monthly payment salary of myself) ÷2× payment period × 1%. Personal account pension = personal account storage amount ÷ personal account pension calculation and payment months.

Personal account pension refers to the pension paid to retirees from the employee's personal account provident fund. The calculation method of these two pensions is basic pension = comprehensive pension+personal account pension.

Social security contribution rate

The proportion of social security contributions consists of individual contributions and unit contributions. The provisions of social security contributions vary from region to region, and the base is the total wages. Because the social security payment base and compensation base for pension, work injury, medical care, maternity and unemployment are linked to the average salary of employees in the previous year, the increase of the average salary level will bring about various social security adjustments.

From June 65438+1 October1day, 2006, Ministry of Human Resources and Social Security adjusted the size of the individual pension account from 165438+ 0% of my contribution salary to 8%. The previous policy was that individual contributions and 3% unit contributions were all included in individual pension accounts, and unit contributions 19% were transferred to social pooling, while the new policy also included 3% of unit contributions in social pooling to solve the problem of empty accounts in pension accounts.