Calculation formula of social security retirement salary in Jiangsu Province

Legal Analysis: Pension Calculation Method

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

2. Personal account pension = the amount of personal account storage at retirement/the number of months corresponding to my retirement age. If there is an one-child certificate, the total pension will increase by 5%. 65438+1September 30, 998 or before, there is also a transitional pension.

Legal Basis: Interim Measures of the State Council on Retirement and Resignation of Workers Article 1 Workers in enterprises and institutions owned by the whole people, party and government organs and mass organizations shall retire if they meet one of the following conditions.

(a) men over 60 years of age, women over 50 years of age, continuous service for ten years.

(2) Those who are engaged in underground, high altitude, high temperature, particularly heavy manual labor or other jobs harmful to health, and have reached the age of 55 for men and 45 for women, and have worked continuously for ten years.

This provision also applies to grassroots cadres whose working conditions are the same as those of workers.

(3) The male has reached the age of 50, the female has reached the age of 45, and has worked continuously for ten years, and has been certified by the hospital and confirmed by the labor appraisal committee, and has completely lost the ability to work.

(four) work-related disability, certified by the hospital, and identified by the labor appraisal committee, completely lost the ability to work.