How to calculate the social security pension in Dongguan?

The calculation method of Dongguan social security pension is as follows:

1, the calculation formula of basic pension is:

When retiring, the average monthly salary of employees in the previous year multiplied by (1 plus my average payment index) divided by 2 multiplied by the payment period multiplied by1%;

2. The calculation formula of personal account pension is:

When retiring, the personal account balance is divided by the number of months determined by the retirement age;

3, the calculation formula of transitional pension is:

My indexed monthly average payment salary is multiplied by the payment period before unified accounting and then multiplied by 1.2%.

Pension calculation of social security:

1, calculation of basic pension: usually based on individual payment years and payment base, combined with local social security policies;

2. Calculation of personal account pension: the accumulated amount of personal account divided by the calculation months;

3. Calculation of transitional pension: In some areas, in order to balance the treatment of different generations of retirees, transitional pensions will be set up;

4. Calculation of enterprise supplementary pension: If the enterprise establishes a supplementary pension plan for employees, there will be additional sources of pension.

To sum up, the calculation methods of social security pension in Dongguan include basic pension, personal account pension and transitional pension, which are calculated according to different formulas.

Legal basis:

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

Article 15

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.