Relationship between social security base and retirement salary

Legal analysis: the base of social security payment determines the amount of pension. Pension needs to be calculated according to the amount of account storage, and the amount of account storage is affected by the payment base.

Insurance payment base: that is, the social security payment base, which is not equal to salary, depends on the social security payment policy of the enterprise.

Pension calculation formula: enterprise employee pension = basic pension+personal account pension.

Personal account pension = the amount of personal account storage at retirement/the number of months corresponding to my retirement age

My average wage index = the insured's payment base/the average wage of the previous year.

Last year, the average monthly wage of employees in the province: the average social wage announced by the Statistics Bureau every year.

Legal basis: Paragraph 2 of Article 4 of the Implementation Plan for Promoting the Reform of Endowment Insurance System for Staff in Institutions and Institutions in Xining determines the payment base and proportion. The basic old-age insurance premium is shared by units and individuals. The proportion of the basic old-age insurance premium paid by the unit (hereinafter referred to as the unit payment) is 20% of the total wages of the unit; The proportion of the basic old-age insurance premium paid by individuals (hereinafter referred to as individual contributions) is 8% of the wages paid by them, which is withheld and remitted by the unit. The part where the individual salary exceeds the average wage of workers in the whole province by more than 300% in the previous year is not included in the base of individual contribution salary; If it is lower than 60% of the average wage of on-the-job workers in the whole province in the previous year, the salary base of individual contributions shall be calculated at 60%.

The total wage of the unit refers to the sum of the individual contribution wage bases of employees who participate in the endowment insurance of government agencies and institutions. The salary base of individual contributions of government functionaries (including those who participate in official management) includes: post salary (technical grade salary), grade salary (post salary), allowance for hard and remote areas, work allowance, living allowance, special post allowance (including police rank allowance and customs allowance included in the original retirement fee calculation base), year-end one-time bonus, and high altitude converted service allowance. The salary base of individual contributions of staff in public institutions includes: post salary, salary scale salary, teachers and nurses in primary and secondary schools 10% salary increase, performance salary (work allowance, living allowance, bonus amount), allowance for hard and remote areas, special post allowance (referring to special education allowance, seniority allowance, age allowance included in the original retirement fee calculation base), and high-altitude job transfer service allowance.

According to the amount of 8% of my salary, establish a personal account for basic old-age insurance for the insured. Personal account storage is only used for the insured's pension, and it is not allowed to withdraw in advance. Interest is calculated according to the bookkeeping rate uniformly announced by the state every year, and interest tax is exempted. If the insured dies, the balance of the personal account can be inherited according to law.