How to calculate the transitional pension in Tianjin

How to calculate the transitional pension in Tianjin

The calculation method of transitional pension in Tianjin is: after the implementation of the basic old-age insurance system, 199 1 employees who have joined the work and paid social insurance premiums before the end of the year, and1employees who have gone through retirement procedures with their enterprises according to state regulations before the end of 1998 will be given a part of basic pension.

The calculation formula of transitional pension in Tianjin is: transitional pension = my indexed monthly average payment salary ×1payment period before June 30, 998 × 1.2%. Among them, the calculation formula of my indexed monthly average payment salary is: my indexed monthly average payment salary = the average monthly salary of employees in the previous year at the time of retirement × average index (the calculation method of my average index is: the sum of payment indexes over the years divided by the payment period).

In addition, an average index should be considered when calculating the transitional pension in Tianjin. This average index refers to the ratio of the average monthly salary of employees who pay social insurance premiums according to state regulations from 1.993 to 1.998 to the average monthly salary of employees from 1.993 to/.998. This ratio is calculated according to the paid wages of employees over the years and the average monthly wages of employees on the job.

To sum up, the calculation methods of Tianjin transitional pension include calculating my indexed monthly average contribution salary and calculating the average index. In the calculation process, it is necessary to consider the average monthly salary of employees in the previous year, the payment period, the payment index at retirement and other factors. At the same time, in order to get a more accurate transitional pension, employees are advised to consult local social security departments or professionals before calculation.

Legal basis:

The Regulations of Tianjin Municipality on the Basic Old-age Insurance for Employees in Urban Enterprises stipulates: 199 1 Employees who have joined the work and paid social insurance premiums before the end of the year,1employees who have gone through retirement procedures according to state regulations before the end of 1998, will be given some basic pensions by their enterprises.