Transitional pension calculation method

Transitional pensions are calculated as follows:

1. Basic pension calculation. The basis of transitional pension calculation is to refer to the local basic pension calculation standard, according to the individual's length of service, salary level and other circumstances to determine the amount of their basic pension;

2. Supplementary pension calculation. The calculation of transitional pension also includes a certain amount of supplementary pension. The calculation of supplementary pensions may vary by region and policy, and generally includes the following:

(1) National and local subsidies. According to national and local policies, certain subsidies are provided to eligible recipients of transitional pensions;

(2) The accumulated account balance of the retiree's individual pension contributions. Transitional pensions also include the accumulated account balance of pensions paid by individual retirees;

(3) Other income. Transitional pension also includes some other incomes of the retiree, such as interest and dividends.

Materials needed for pension insurance:

1, the original and a copy of the resident's identity card;

2, my hukou book;

3, my personnel file;

4, a registered photo;

5, belonging to a one-child family, but also the original one-child certificate and a copy of the one-child certificate;

6. The person's Pension Insurance Handbook or Basic Pension Insurance Relationship Continuation Card or Social Security Card;

7. Individual contribution vouchers;

8. The Retirement Declaration Form for Persons Participating in the Basic Pension Insurance for Enterprise Employees, which should be filled out by the person himself/herself at the social security organization.

In summary, you need to prepare the ID card, household registration, photos of these materials, both individuals can go to the social security agency alone, but also to the unit way to pay the identity of the pension insurance.

Legal basis:

Article 10 of the Social Insurance Law of the People's Republic of China

Employees should participate in basic pension insurance, and the employer and the employee*** pay the basic pension insurance premiums together.

Individual industrial and commercial households without employees, part-time workers who have not participated in basic pension insurance with their employing units, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves.

The methods of pension insurance for civil servants and staff members administered under the civil service law shall be prescribed by the State Council.

Article 11

Basic pension insurance is a combination of social coordination and individual accounts.

The basic pension insurance fund consists of contributions from employers and individuals and government subsidies.

Article 12

Employing units shall pay basic pension insurance contributions in proportion to the total wages of their employees as prescribed by the State, which shall be credited to the Basic Pension Insurance Coordination Fund.

Employees shall pay basic pension insurance premiums in accordance with the proportion of their own wages prescribed by the State and credited to their individual accounts.

Individual industrial and commercial households without employees, part-time workers who have not participated in the basic pension insurance in the employing organization, and other flexibly employed persons participating in the basic pension insurance shall pay the basic pension insurance premiums in accordance with the state regulations, which shall be credited to the basic pension insurance general fund and the individual account respectively.