How to calculate the social security balance

I. Calculation formula of individual social endowment insurance

Pension = basic pension+personal account pension

Note: Those who participate in the social pooling of the basic old-age insurance for employees of urban enterprises in this city have reached the retirement age stipulated by the state, and the actual payment period (including deemed payment period, the same below) has reached 15 years, and the basic pension is paid monthly. According to the latest pension calculation method, employees' retirement pension consists of two parts.

Second, the personal account pension calculation formula

Personal account pension = personal account storage amount ÷ months.

Note: The calculated months are determined according to the retirement age and the average life expectancy of the population at that time. Calculated months are slightly equal to (average life expectancy-retirement age) X 12. At present, the age of 50 is 195, the age of 55 is 170, and the age of 60 is 139, which is no longer unified.

Three, the basic pension calculation formula

Basic pension = (average monthly salary of employees in the whole province in last year+average monthly payment salary indexed by myself) ÷2× payment period × 1% = average monthly salary of employees in the whole province in last year (1+ average payment index by myself) ÷2× payment period × 1%.

Example Suppose that when a male employee retires at the age of 60, the average monthly salary of employees in the whole province last year is 4,000 yuan, and the accumulated payment period is 15 years:

When the average individual payment base is 0.6, the basic pension = (4,000 yuan+4,000 yuan× 0.6) ÷ 2×15×1%= 480 yuan;

When the individual average payment base is 1.0, the basic pension = (4,000 yuan+4,000 yuan×1.0) ÷ 2×15×1%= 600 yuan;

When the average individual payment base is 3.0, the basic pension = (4,000 yuan+4,000 yuan× 3.0) ÷ 2×15×1%=1.200 yuan;

When the cumulative payment period is over 40 years:

When the average individual payment base is 0.6, the basic pension = (4,000 yuan+4,000 yuan× 0.6) ÷ 2× 40×1%=1.280 yuan;

When the individual average payment base is 1.0, the basic pension = (4,000 yuan+4,000 yuan×1.0) ÷ 2× 40×1%=1600 yuan;

When the average individual payment base is 3.0, the basic pension = (4,000 yuan+4,000 yuan× 3.0) ÷ 2× 40×1%= 3,200 yuan.

The average payment index means that you paid according to the base of last year's 1000, when the average social wage was 2000, then your index was 0.5. It is easy to calculate the average of each year, and then you can calculate the pension yourself.

My indexed monthly average payment salary = last year's average monthly salary of employees in the province × my average payment index. It can be seen that under the same payment period, the level of basic pension depends on the average individual payment index, that is, the historical average of the ratio of its actual payment base to the average social wage. The lower limit is 0.6 and the upper limit is 3. Pensions are fixed indefinitely. As long as the recipient is alive, he can enjoy a monthly pension. Even if the personal account pension has been used up, he will continue to pay the basic pension according to the original standard, and the personal pension will increase year by year according to the increase of the average monthly salary of employees in society. Therefore, in the two kinds of calculation of pension, no matter what the situation, the higher the payment base and the longer the payment period, the higher the pension.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.