Jiangsu social security personal account 50 thousand. How much pension can I get after retiring for 42 years in February 2023?

He worked for 42 years and retired in 2023. This length of service has been relatively long. Generally speaking, the pension can be more than 3,000 yuan, depending on the individual's pension insurance payment.

Let's supplement the relevant information. This netizen retired in Anhui and joined the work 198 1 year. Endowment insurance is paid at 60% level. The personal account balance of endowment insurance is about 60,000 yuan, and he will retire at the age of 60. So how much pension can I get when I retire?

First of all, the netizen's pension will consist of three parts: basic pension, personal account pension and transitional pension, whether it is enterprise retirees or retirees from institutions.

Let's take a look at Anhui's Decision on Improving the Basic Endowment Insurance System for Enterprise Employees. Persons who joined the work before the implementation of the personal account system of basic old-age insurance and reached the statutory retirement age after June 28, 2006 (including those who joined the work after June 1 1996, it shall be regarded as the payment period), except those whose accumulated payment period exceeds 15, the basic pension shall be calculated and paid.

Then this netizen joined the work in 198 1 year, which is regarded as the payment period 15 years. The transition coefficient depends on the average social wage in Anhui. According to statistics from Anhui Bureau of Statistics, the average wage of employees in full-caliber urban units in 2022 is RMB/month. According to the normal wage growth, the average social wage in 2023 should reach about 6500 yuan. Now let's calculate this netizen's pension.

The basic pension is equal to 6500*( 1+ yuan;

Personal account pension is equal to 60,000 yuan/139=432 yuan;

Transitional pension is equal to 6500*( 1+ yuan.

Then the total pension is 2236 yuan +432 yuan +65438 yuan +0065438 yuan +04 yuan =3682 yuan.

Let's see how much pension this netizen will have if he is a staff member of a public institution.

If this netizen's pension insurance payment index is 1 (generally speaking, the payment level of government agencies and institutions is generally high), then the personal account balance of pension insurance is also around 60,000 yuan (pension insurance has been paid since 20 14), in which the deemed payment period is 33 years.

Then, according to the above information, let's calculate this netizen's pension, and first calculate his pension according to the new method:

The basic pension is equal to 6500 * (1+1)/2 * 43 *1%= 2795 yuan.

Personal account pension is equal to 60,000 yuan/139=432 yuan.

Transitional pension is equal to 6500*( 1+ 1)/2*33* yuan.

Then the increased pension is 2795+432+2789=60 16 yuan. More than 2,000 yuan higher than corporate retirees.

Of course, as a retired person, the pension is finally determined according to the old and new methods, so we still have to see how much pension he will calculate according to the old methods. If the pension calculated according to the new method is lower than the old one, then he will pay the pension according to the old method. If the pension calculated by the new method is higher than that calculated by the old method, then the extra pension needs to be returned according to a certain proportion. 2023 is the ninth year of 10 transition period, and the return ratio will reach 90%. For example, if the pension calculated according to the old method is 5000 yuan, it will be returned (6016-5000) * 90% = 914 yuan, so the final pension is 5000+9 14 yuan.

The above is the difference between enterprise retirees and retirees from government agencies and institutions. It should be noted that if there are retirees from government agencies and institutions, there will be occupational annuities, so the overall pension income will be more.