How does Linxia Social Security Bureau calculate the salary of enterprise retirees?

When an individual reaches the legal retirement age, if the accumulated payment period (including deemed payment period) is over 15 years, the municipal labor and social security administrative department shall verify the eligibility and standard of the basic old-age insurance benefits, and issue the basic pension on a monthly basis from the next month until death. Basic pension consists of basic pension and personal account pension.

(1) basic pension. The monthly standard of basic pension at retirement is based on the average monthly salary of employees in this city in the previous year and my indexed monthly salary, and is paid to 1 year for each payment. The calculation formula is:

Basic pension = (the average monthly salary of employees in the whole city in the previous year when an individual retires+the average monthly payment salary of himself) ÷2× individual payment period × 1%.

My indexed monthly average payment wage = the average monthly salary of employees in the whole city last year when I retired × my average payment wage index.

The calculation formula of my average contribution wage index is:

My average wage index = (a1/a1+a2/a2+...+an/an) ÷ n

In the formula, a 1, A2...an is the salary paid by the individual in the current month, the first two months ... the first n months;

A 1, A2...an is the average monthly salary of employees in the city in the month when an individual retires, the first two months +0 months ... the first n months;

N is the total number of months that individuals actually pay the basic old-age insurance premium after participating in the basic old-age insurance. 0988 65438+65438+February 3 1, 0989 65438+65438+1 October1Start.

For the insured who joined the work before 1988 12 3 1, the payment index used to calculate the basic pension is calculated from 1989 1 to the month of retirement. It is used to calculate the payment index of the basic pension of the insured who joined the work after 1989 1, from the date of joining the basic old-age insurance to the month of retirement.

If the payment time is less than 1 year, the actual payment months shall be divided by 12, and the payment index shall be accurate to four decimal places.

(2) Personal account pension. The monthly standard of personal account pension is the amount of personal account storage divided by the number of months, which is determined according to the average life expectancy of urban population and its retirement age and interest when employees retire. The calculation formula is: personal account pension = the amount of personal account storage at retirement ÷ the number of months corresponding to my retirement age.