Calculation method of pension

Social insurance retirement pension (valuation) calculator function: This table will help you predict and estimate the monthly pension you will receive when you retire. Disclaimer: Because the calculation formula of social security pension is complex, the expenses vary from person to person and there are many policy changes, the calculation data in this table are for reference only. If there is any deviation, the actual situation shall prevail.

The pension for normal retirees consists of basic pension, transitional pension, personal account pension and fixed subsidy.

The calculation formula is as follows:

(1) basic pension = (average monthly salary of workers in the whole province in the previous year+average monthly payment salary of myself) ÷2× total payment period × 1%

(2) Transitional pension = (average monthly salary of employees in the whole province last year+average monthly payment salary of myself) ÷2× payment period before account establishment × transitional coefficient 1.4%+ additional amount in line with the policy.

(3) Personal account pension = personal account storage amount ÷ months.

(4) Fixed subsidy = [adjustment fund (25 yuan)+subsidy within the overall project] × reduction ratio.

The annual interest on the amount stored in the individual account of retirees is calculated by the monthly product method, and the calculation formula is as follows:

Annual interest rate = personal account amount at the beginning of the year × bookkeeping interest rate this year-monthly payment this year × bookkeeping interest rate this year ×112.

Monthly contribution this year =∑[n monthly contribution ×( 12-n+ 1)]

(n is the serial number of each payment month in this year, 1≤n≤ 12)

The amount of pension is related to the length and amount of purchase. If the payment base is large and the payment time is long, there will be more pensions when you retire, and vice versa.

Because everyone pays a different amount in each period, the calculation of pension is based on the principle of "subsection calculation and comprehensive settlement".

A, basic pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) ÷2× payment period × 1%.

(Monthly payment index: monthly payment salary ÷ average monthly salary of employees in the province)

For example, someone starts to buy social security at the age of 40 and retires after 20 years. Suppose: the base of the first year is 2454 yuan. Theoretically, if the social wage increases by 1 1% every year (this year's increase is 12.4) and retires after 1 in July 2028, then the average monthly wage of employees in the whole province last year was about 1565438+. (See the table below)

(If my monthly wage index is 0.6, the formula stipulates that the payment base is higher than or equal to 0.6, multiplied by 1%)) Calculation result:

(15 1 14 yuan+1 14×0.6)÷2×20 years×1%.

( 15 1 14+9068) ÷ 2× 20× 1%

=1209/kloc-0 /× 20×1%= 2418 yuan.

B. Personal account pension

According to the new system, the storage amount of individual pension accounts is calculated on a monthly basis.

bonus

In order to establish an incentive and restraint mechanism, the new pension calculation and payment method stipulates from July 1 day, 2007 that the basic pension will be increased by one percentage point every year when the insured pays, which is conducive to the formation of a mechanism of "more work and more pay".

For example, someone pays for 20 years.

24 18×20%=484 yuan

Add the two items: 24 18+484=2902 yuan.

D, price subsidies

Considering the rising prices, it does not include the government's monthly pension increase for retirees according to the actual situation.

If everyone had a monthly subsidy from 300 yuan at that time, the four items were added together: the total monthly pension when someone retired:

24 18 yuan +823 yuan +484 yuan +300 yuan =4025 yuan.

3) Time to recover the investment

The total principal and interest of this person in 20 years is 286,239 yuan, calculated statically,

286239÷4025=7 1 (month)

After retirement, you can get all the money you have invested when you get six years' retirement salary.

4), how much income to pay.

According to the principle that the payment period and the payment amount are linked with the treatment level, the payment amount is directly related to the basic pension in the future. In principle, it is much more. Legal basis: Article 16 of the Social Insurance Law.

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.