After retirement in Shanghai, the social security will be 73 10.

The calculation method of retirement pension in Shanghai according to 73 10 social security is as follows:

1, and the basic pension calculation formula is: (the average monthly salary of employees in the previous year plus my average monthly payment salary) divided by 2 times the payment period multiplied by1%;

2. The calculation formula of personal account pension is: the amount of personal account storage (the total amount of personal contributions) divided by the number of months of personal account pension;

3. Take the average monthly salary of 7 132 yuan as an example, the individual contribution is 7 132 times 8% times 12 times 15 years, and the unit contribution is 7 132 times 20% times 12 times/kloc.

4. The monthly pension received after retirement is the sum of basic pension and personal account pension. Take retirement at the age of 65, and the number of pension months in personal account is 10 1 month, for example, and you can receive a pension of about 2086.6 yuan per month.

Calculation method of social security:

1. Calculation of basic pension: The basic pension is determined according to the payment period and the average monthly salary of local employees in the previous year;

2. Calculation of personal account pension: Personal account pension is obtained by dividing the accumulated amount of personal account by the calculated number of months;

3. Calculation of transitional pension: the transitional pension is determined according to my actual payment period and payment index;

4. Calculation of enterprise supplementary pension: the enterprise supplementary pension is formulated by the enterprise according to its own situation and the payment period of employees;

5. Calculation of final pension: The final pension is the sum of the above pensions.

To sum up, Shanghai's pension plan includes two parts: basic pension and personal account pension. The basic pension is calculated by indexation of my average salary in the previous year and the average monthly payment of personal contributions, and the personal account pension is calculated by dividing the amount of personal account storage by the number of months. Taking the average monthly salary of 7 132 yuan and retirement at the age of 65 as an example, the monthly pension for retirees is about 2086.6 yuan.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 16

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.