20 16 what does it mean to increase the adjustment base of Shandong retirement pension to 4850 yuan?

The basic pension for enterprise retirees in Shandong Province involves the average monthly salary of the whole province in the previous year. The adjustment of the calculation and payment base of pension benefits is based on the average wage of employees in urban non-private units in Shandong Province for 20 15 years, which is 58 197 yuan (4850 yuan/month).

At present, according to the policy, the pension after retirement consists of basic pension and personal account pension (those who worked before the reform of the old-age insurance system also have transitional pensions).

The calculation method is as follows

First, the basic pension = (when the insured retires, the average monthly salary of employees in the whole province in the previous year+the average monthly payment salary of the insured) /2× payment period × 1%. (Note: my indexed monthly average payment salary = the average monthly salary of employees in the whole province last year × my average payment index).

Second, personal account pension = personal account deposit ÷ months (50 years old 195, 55 years old 170, 60 years old 139).