How to calculate pension when paying social security in different provinces?

It is one of the outstanding problems in China's current basic old-age insurance system that it is difficult to transfer and continue the basic old-age insurance relationship. Article 19 of the Social Insurance Law stipulates: "If an individual is employed in an overall planning area, his basic old-age insurance relationship will be transferred accordingly, and the payment period will be calculated cumulatively. When an individual reaches the legal retirement age, the basic pension will be calculated in sections and distributed uniformly ... "In layman's terms, the pension insurance relationship will follow people.

When the insured pays social security in different places, his retirement salary is calculated according to the sum of basic pension, personal account pension and transitional pension. Among them, the personal account pension is calculated according to the accumulated amount of personal account when the insured retires; Transitional pension is calculated according to my indexed monthly average payment salary × payment period before unified accounting × 1. 2% and so on.

The calculation method of retirement wages of public institutions is as follows:

1, basic pension = basic pension+transitional pension+personal account pension.

2, the basic pension = last year's average monthly salary of workers in the province ×( 1+ my average wage index) ÷2× payment years × 1%.

3. Personal account pension = personal account accumulation of my basic old-age insurance at retirement.

I hope the above content can help you. If in doubt, please consult a professional lawyer.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.