How is Shanghai social security calculated?

Expressed by the formula: individual monthly social security pension = 20% of the average monthly salary of employees in Shanghai last year.

Personal account pension (the monthly pension paid by individual enterprises pays the pension for employees and transfers the accumulated interest of personal accounts)/120.

Among them, the basic pension is related to the average salary of this city and has nothing to do with the personal income level.

Personal accounts, including monthly pensions paid by individuals and pensions paid by enterprises for employees, are transferred to personal accounts. However, because the proportion of enterprises paying pensions for employees to personal accounts has decreased year by year, it is said that personal accounts are mainly accumulated by individual monthly contributions.

Enterprise retirees

(1) unified increase of 80 yuan for the first time.

(2) According to my payment (including deemed payment), the 2.5 yuan will be increased every 1 year.

③ Based on my basic pension for 20 18 to 12 years, it will increase by 2.5%.

Retirees from government agencies and institutions

(1) unified increase of 80 yuan for the first time.

(2) Calculated according to the average pension of similar personnel, with an increase of 4.5%.

Note: Among the above retirees, before the end of February of 20 18 18, if the female is 60 years old and the male is 65 years old, 20 yuan will be added every month.

At the same time, the city will also increase the monthly pension for those who receive the pension according to the regulations of "town insurance" before the end of 20 18/30 yuan. Before the end of 20 18, those who receive their pensions on a monthly basis according to the provisions of the old-age insurance for urban and rural residents will receive a monthly increase in the basic pension 90 yuan. After pension adjustment, the basic pension standard for urban and rural residents' old-age insurance is 750 yuan per person per month.

Payment time: The pensions of the above-mentioned personnel will be increased from June this year 1, and will be paid to the accounts of pensioners through relevant banks and post offices on June 15.

The Municipal People's Social Security Bureau reminded that in order to facilitate retirees to receive pensions, retirees should avoid the peak hours and go to the business outlets of banks and post offices, and try to collect them through self-service equipment such as bank ATMs. If citizens need to consult, they can call Shanghai Human Resources and Social Security Bureau at telephone number 12333.

How to calculate the retirement social security in Shanghai? First, the basic pension has nothing to do with the personal salary, but is related to the average salary in Shanghai, which is 20% of the average salary. Then, the personal pension is the monthly pension paid by individuals and units, which is calculated according to the accumulated pension and the interest paid.