Social security pension payment formula

The standard calculation formula of pension payment is: monthly basic pension = basic pension+personal account pension. Among them, the basic pension = (last year's average monthly salary of employees in the province+my indexed monthly average payment salary V2* payment period * 1%= last year's average monthly salary of employees in the province (1+ my average payment index) /2 payment period *1%; Personal account pension = total amount stored in personal account/calculation months. My indexed monthly average payment salary = last year's average monthly salary of employees in the province * my average payment index. Through the above calculation formula, it can be found that under the same payment period, the average pier fee index of individuals determines the level of basic pension.

The types of social security include:

1, endowment insurance;

2. Medical insurance;

3. Work injury insurance;

4. Unemployment insurance;

5. Maternity insurance.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.