How is the social security pension calculated?

Insured persons who meet one of the following conditions may apply for a monthly basic pension:

1 July, 9981After joining the basic old-age insurance, reaching the retirement age stipulated by the state, the accumulated payment period (including deemed payment period, the same below) reaches15;

1join the basic old-age insurance before June 30, 998, reach the retirement age stipulated by the state before June 30, 20 13, and the accumulated payment period is 10 years;

1participated in the basic old-age insurance before June 30, 1998, and reached the retirement age stipulated by the state after July 30, 20 13, with the accumulated payment period of 15 years;

/kloc-0 should have participated in the basic old-age insurance before June 30, 1998, and should have gone through supplementary insurance procedures after July 1 year, reaching the retirement age stipulated by the state, and the accumulated payment period is over 15 years.

Monthly receipt:

Basic pension = (last year's average monthly salary of employees in the province ×a+ my average monthly payment salary) ÷2× payment period (including deemed payment period) ×1%;

Personal account pension = personal account storage amount ÷ personal account pension calculation and payment months;

The sum of the above two items is the monthly payment.

Note: The basic pension is adjusted in July every year according to the unified plan announced by the whole province.