Calculation method of retired teachers' pension

The calculation method of retired teachers' pension is as follows:

1. Calculation of basic retirement pension: Determine the average monthly salary according to the title, grade and length of service of teachers, and then calculate the basic retirement pension according to the specified proportion. The proportion is: 15 years 1.0%, 16-20, 1.5%, 2 1-25, 2.0%, 26-30, 3 1- 0.

2. Calculation of retirement allowance: Calculate retirement allowance according to teachers' actual payment and policies. The calculation method of retirement allowance varies from region to region and policy.

3. Calculation of retirement living allowance: According to the policy, retirement living allowance is calculated according to the actual retirement years of teachers and the living allowance standard in the region.

The pension collection process is usually as follows:

1. application qualification confirmation: you need to submit an application to the local social security bureau or pension management institution, and provide relevant supporting materials, such as ID card, work certificate, social security payment record, etc. Qualification is confirmed by social security bureau or pension management institution.

2. Examination and approval: The qualification examination and approval shall be conducted by the Social Security Bureau or the pension management institution. After approval, you will be eligible for a pension.

3. Choice of collection method: You can choose to receive the pension in one lump sum or by installments. If installment payment is selected, the application and approval shall be carried out according to the specified time and frequency.

4. Signing an agreement: Before receiving a pension, you need to sign relevant agreements, including an agreement to receive a pension and an agreement to protect personal information.

5. Receiving pension: According to the selected receiving method, you can receive pension by bank transfer or cash collection.

To sum up, different regions and policies have different pension collection processes, and the specific situation needs to be determined according to local policies. At the same time, in the process of receiving pensions, it may be necessary to provide some supporting materials and sign relevant agreements. It is recommended to read the relevant regulations carefully and consult relevant departments or professionals.

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Legal basis:

Article 12 of the Social Insurance Law of People's Republic of China (PRC)

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.