Guangzhou social security pension calculation formula

The enjoyment of pension insurance, the cumulative payment of pension insurance for more than 15 years, and reach the legal retirement age, you can enjoy the pension insurance treatment:1. Receive the basic pension according to the regulations on a monthly basis until death. The formula for calculating the basic pension is as follows:Basic pension=basic pension+personal account pension+transitional pension=average monthly salary of the city's employees in the year prior to retirement×20%(15% for those who have paid contributions for less than 15 years)+ principal and interest of the personal account and ÷120+indexed average monthly contribution salary×the number of years of contributions before the end of 1997×1.4%.2. Death benefits. (1) funeral expenses (2) a one-time pension (3) eligible to support the conditions of the immediate family members of the living difficulties of the subsidy, paid monthly until the death of the immediate family members to support.