Endowment insurance is collected every month.

Those who have paid the pension insurance for 15 years and reached the statutory retirement age can apply for retirement and receive a monthly pension.

1, received amount

Monthly basic pension = basic pension+personal account pension+transitional pension+basic adjustment fund

(The horizontal line is only applicable to workers before July 3 1 0992. Considering the actual situation, the amount itself is very small if it is not calculated here. )

2. Basic pension: based on the average monthly salary of employees in this city in the previous year and the average indexed monthly salary at the time of retirement, it is calculated according to the payment 1% every year;

3. Personal account pension: calculated by dividing the accumulated amount of personal account at retirement by the planned number of months stipulated by the state;

According to the above formula, you can calculate how much money you have in your current pension account.

For example:

Zhang San retired at the age of 55 and bought social security for 20 years. Assuming that the average monthly salary in the previous year is 4,000 yuan at the time of retirement, and Zhang San's indexed monthly average contribution salary is 7 15 (this is hypothetical, and Zhang San's monthly social security contribution salary data is needed for accurate calculation), then calculate how much pension Zhang San can receive each month.

Simplified calculation formula: monthly basic pension = basic pension+personal account pension.

Basic pension: (4000+7 15)/2X25%=590.

Personal account pension: 2,288,000/170 = 725 (here, when retiring, the accumulated amount of personal account is calculated as 80,000 yuan, that is, the average annual payment is 3,200 yuan, and the monthly payment is 7 15 yuan, which is considered as a medium level; The number of months to retire at the age of 55 is 170 months)

Together, Zhang received a basic pension in March, about 13 15 yuan.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.