How to calculate social security pension

Pensions are fixed indefinitely. As long as the recipient is alive, he can enjoy a monthly pension. Even if the personal account pension has been used up, he will continue to pay the basic pension according to the original standard. Moreover, personal pension will increase year by year with the increase of the average monthly salary of employees in society. Therefore, the longer you live, the more you can get, which is definitely more cost-effective than paying. Then how is this pension calculated? Here is how to calculate the shared social security pension in Bian Xiao. Let's have a look!

How to calculate social security pension?

According to the latest pension calculation method, employee retirement pension consists of two parts: pension = basic pension+personal account pension.

Personal account pension = personal account storage? Calculate the number of months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. Calculated months are slightly equal to (average life expectancy-retirement age) X 12. At present, 50 years old is 195, 55 years old is 170, and 60 years old is 139.

Basic pension = (last year's average monthly salary of employees in the province+my indexed monthly average payment salary)? 2? Payment term? 1%

= Average monthly salary of employees in the whole province last year (1+ my average contribution index)? 2? Payment term? 1%

Among them: my indexed monthly average payment salary = the average monthly salary of employees in the whole province in the previous year? My average contribution index

As can be seen from the above formula, under the same payment period, the level of basic pension depends on the average payment index of an individual, that is, the historical average of the ratio of his actual payment base to the average social wage. The lower limit is 0.6 and the upper limit is 3.

Therefore, in the two kinds of calculation of pension, no matter what the situation, the higher the payment base and the longer the payment period, the higher the pension.

For example:

According to the above formula, suppose that when a male employee retires at the age of 60, the average monthly salary of employees in the province last year was 4,000 yuan.

When the cumulative payment period is 15 years,

When the average individual contribution base is 0.6, the basic pension =(4000 yuan +4000 yuan? 0.6)? 2? 15? 1%=480 yuan

When the average individual contribution base is 1.0, the basic pension =(4000 yuan +4000 yuan? 1.0)? 2? 15? 1%=600 yuan

When the average individual contribution base is 3.0, the basic pension =(4000 yuan +4000 yuan? 3.0)? 2? 15? 1%= 1200 yuan

If the cumulative payment period is over 40 years,

When the average individual contribution base is 0.6, the basic pension =(4000 yuan +4000 yuan? 0.6)? 2? 40? 1%= 1280 yuan

When the average individual contribution base is 1.0, the basic pension =(4000 yuan +4000 yuan? 1.0)? 2? 40? 1%= 1600 yuan

When the average individual contribution base is 3.0, the basic pension =(4000 yuan +4000 yuan? 3.0)? 2? 40? 1%=3200 yuan

Personal pension = basic pension+personal account pension = basic pension+personal account storage? 139

The average payment index means that you paid according to the base of last year's 1000, and the average social wage in that year was 2000, so your index in that year was 0.5. The average annual pension is easy to calculate, so just calculate the pension yourself.

The key is that you need to know the base of your unit's salary, so it's easy to calculate.

Pension conditions and treatment standards

Pension conditions and treatment standards? Social insurance law is an important law that plays a supporting role in the socialist legal system with Chinese characteristics, and it is a law that focuses on safeguarding and improving people's livelihood. Its promulgation and implementation is another milestone in the legal construction of human resources and social security in China, which is of great significance for establishing a social security system covering urban and rural residents, better safeguarding the legitimate rights and interests of citizens to participate in social insurance and enjoy social insurance benefits, enabling citizens to enjoy the fruits of development and promoting the construction of a harmonious socialist society.

Q&A on Social Security Law 1: How is the basic pension standard determined?

Article 15 of the Social Insurance Law stipulates that the 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.

Q&A 2: What are the conditions for the insured to receive the basic pension on a monthly basis?

Article 16 of the Social Insurance Law stipulates that individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid the accumulated contributions for fifteen years.

Q&A 3: How is the basic pension adjusted?

Article 18 of the Social Insurance Law stipulates that 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.

Social security survey

When the insured reaches the legal retirement age, the accumulated payment is insufficient 15 years. How to enjoy the pension insurance benefits? Experts from Jintou Insurance Network pointed out that Article 16 of the Social Insurance Law stipulates that if an individual participates in basic old-age insurance and reaches the statutory retirement age and pays less than fifteen years, he can pay for it for fifteen years and receive a basic pension on a monthly basis.