Examples of calculation methods of social security pension

Social security pension is divided into three parts, and the calculation method is as follows:

1, basic pension = (average monthly salary of employees in the whole province (city) last year+average monthly payment salary of myself) /2* payment period * 1%.

2 my account pension = my account pension amount/payment months.

3. Transitional pension = average monthly salary of employees in the whole province (city) last year * payment base * payment period * 1.3% at the time of retirement.

Related introduction:

In 20 14 years, the national enterprise retirees increased from 1 to 10%, and the average monthly pension exceeded 2,000 yuan.

In 20 18, Henan, Guangdong and Inner Mongolia successively decided on the plan of raising the basic pension for 20 18. With the intensive implementation of local policies in June and July, more than 20 provinces such as Beijing, Jilin, Shanxi, Shanghai and Jiangsu decided on the plan of raising the basic pension.

In April, 20021year, Ministry of Human Resources and Social Security and the Ministry of Finance issued the Notice on Adjusting the Basic Pension for Retirees in 20021year, which made it clear that from 20021+0, the basic pension level will be raised for retirees from enterprises, institutions and institutions who have gone through retirement procedures according to regulations and received the basic pension on a monthly basis. The circular requires all localities to formulate specific implementation plans and distribute the adjusted and increased basic pension to retirees as soon as possible.