How to calculate the pension after the pension is merged?

The integration of pensions refers to the unification of pension systems for different groups of people and the realization of institutional fairness. In China, this usually refers to unifying the endowment insurance system for enterprise employees and the endowment insurance system for government agencies and institutions, so that there are unified standards for payment and treatment calculation.

Because the calculation formula of pension may be adjusted with the change of national policy, the specific calculation method of pension needs to refer to the latest policy documents. Up to now, the calculation and distribution of pension generally includes basic pension and personal account pension.

The following is a basic calculation method for your reference:

1.** Basic pension * *: usually calculated according to the local average social wage and individual payment years. The specific calculation formula can be:

$ $ Basic pension = local social average wage \ payment period \ replacement rate $ $

Among them, the replacement rate is a percentage determined according to the payment period, which may be different in different regions.

2.** Personal account pension * *: based on the accumulated payment amount and account interest in the personal account, it is paid to the expected collection period according to the predetermined calculation method, and the formula can be:

$ $ Personal account pension = accumulated amount of personal account \div Estimated number of months to receive $ $

Among them, the expected number of months of collection usually depends on the statistical average life expectancy and other factors.

Add these two parts together to get the total monthly pension. However, the specific calculation method needs to be determined according to the specific regulations in your area and your personal payment. It is recommended to consult the local social security agency or use the official pension calculator to get the exact amount.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC).

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of 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.