What is the formula for calculating the pension after paying 23-year old-age insurance in Kunming?

Kunming endowment insurance has been in existence for 23 years. What is the calculation formula of pension? Let me have a brief understanding.

As the social pension may increase by 100~200 yuan/year every year, and the average monthly salary in Kunming is different every year, the following Kunming pension simulation calculation formula is for reference only and does not represent the final amount.

Calculation formula of Kunming social security endowment insurance for 23 years:

1, Kunming social security basic pension (23 years):

Kunming basic pension = (3470.33+3470.33x100%)/2x23 x 1%=798. 18.

Kunming basic pension (23 years): 798. 18/ month.

2 Kunming personal account pension:

Personal account amount in Kunming =23 years x 65438+February x(4448.59x8%)=98224.87.

Personal account pensions for 50 and 60-year-olds in Kunming

Monthly pension for 50-year-old retired individual account = 98,224.87/195 = 503.72.

Monthly pension for 60-year-old retired individual account = 98,224.87/139 = 706.65.

3, Kunming old-age insurance to pay 23 years pension monthly total:

The expected monthly pension for Kunming women who retire at the age of 50 is 798.18+503.72 =1301.9/month.

The expected monthly pension for Kunming men retiring at the age of 60 is 798.18+706.65 =1504.83/month.

Summary: The minimum payment base of Kunming old-age insurance is 4448.59 to 15 and 23 years, and the final monthly pension is expected to be 50 years old, 849.06/ month, 60 years old, 981.41month, 50 years old and130/respectively.