How to calculate the amount of pension?

At present, the unified calculation formula of employee pension insurance in China is: monthly pension = personal account pension+basic pension.

Personal account pension: the total amount of personal pension paid before ÷ payment months (139 months).

Basic pension: (social average salary+my indexed salary) ÷ 2 × payment period × 1%

My indexed salary: (current salary ÷ current social salary) × average social salary at retirement.

Conditions for receiving a monthly pension

At the same time, reaching the statutory retirement age+fulfilling the obligation to pay social security fees:

1, reach the required retirement age and go through retirement procedures:

(1) Normal retirement: men over 60 years old, female cadres over 55 years old and female employees over 50 years old.

(2) Early retirement due to illness: complete loss of working ability due to illness or non-work-related disability.

(3) Early retirement of special agents: for those who have been engaged in high-altitude or particularly heavy manual labor for ten years, underground or high-temperature work for nine years or other jobs harmful to health for eight years, the retirement age is 55 years for men and 45 years for women.

2, according to the provisions of the payment of old-age insurance premiums and meet the minimum payment period standard.

For example, if 1 July 19981recently joined the work and participated in the insurance, the accumulated payment period has reached 10 year;

1, 65438, 0998, people who have joined the work since July, can receive the pension after the accumulated payment period reaches 15 years.

How to pay the endowment insurance?

Each region can be roughly divided into two types:

1, employee pension insurance: pension insurance paid by office workers;

2. Old-age insurance for urban and rural residents: old-age insurance paid by people who don't go to work, such as freelancers or unemployed people.

The factors that affect the amount of pension received by individuals when they retire are: payment period, payment level, retirement age and local average social wage in the previous year.

legal ground

People's Republic of China (PRC) social insurance law

Tenth employees should participate in the basic old-age insurance, and employers and employees should pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts.

The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government.

When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.

Article 14 Individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Fifteenth basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for 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.

Seventeenth individuals who participate in the basic old-age insurance, due to illness or non-work-related death, their survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.

Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.

Nineteenth individuals across the overall regional employment, the basic old-age insurance relationship with my transfer, the cumulative payment period. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.

Article 20 The state establishes and improves a new rural social endowment insurance system.

The new rural social endowment insurance combines individual contributions, collective subsidies and government subsidies.

Twenty-first new rural social endowment insurance benefits are composed of basic pension and personal account pension.

Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis.

Article 22 The State shall establish and improve the social endowment insurance system for urban residents.

The people's governments of provinces, autonomous regions and municipalities directly under the Central Government may, according to the actual situation, combine the social endowment insurance for urban residents with the new rural social endowment insurance.