Calculation method of retirement salary in Hefei city

Hefei social security pension needs to be calculated according to the social security base paid by the parties. General social security pension can be calculated by three formulas. The first way is to divide the amount stored in the original personal account of endowment insurance by the relevant month. The second way is that the pension is the amount in the personal pension account.

1. What are the formulas for calculating the pension in Hefei?

1, the calculation method of social security pension is as follows:

Formula 1: Personal account pension = personal account storage amount ÷ payment months.

(The calculation months are determined according to the retirement age and the average life expectancy of the population at that time. The calculated number of months is slightly equal to

* 12。 At present, 50 years old is 195, 55 years old is 170, and 60 years old is 139.

Formula 2: Basic pension = (the average monthly salary of employees in the whole province in the last year, the average monthly payment salary of myself) ÷2× payment years × 1%= the average monthly salary of employees in the whole province in the last year (1 average payment index) ÷2× payment years × 1%.

(My indexed monthly average payment salary = last year's average monthly salary of employees in the province × my average payment index)

Formula 3: Pension = basic pension, personal account pension.

2. Matters needing attention in calculating social security pension

The higher the payment base of 1, the longer the payment period and the higher the pension.

In the case of 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 3. 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.

After receiving personal account pension, continue to issue basic pension.

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. Moreover, personal pension will increase year by year with the increase of the average monthly salary of employees in society.

Second, the benefits of handling social security.

It can guarantee the basic needs of the elderly, provide a stable and reliable source of life for everyone in their later years, and at the same time provide everyone with a sense of security.

At present, participating in an old-age insurance can make an unexpected plan for the future life after old age, relieve the worries of losing labor force due to old age problems, and also reduce the burden of children supporting the elderly.

Through the establishment of the old-age insurance system, workers can retire with peace of mind when they are old, which ensures the rationalization of social employment institutions to a certain extent.

After retirement, workers can receive a monthly pension as long as they participate in the endowment insurance in the five insurances. Among them, the pension is directly related to the wage income and payment during work, which can stimulate the enthusiasm of employees during work and improve work efficiency.

Social security pension generally needs to be calculated according to the specific amount paid in the original old-age insurance. At the same time, it can also be calculated according to the average monthly salary of employees in the previous year. Generally, the average monthly salary of employees is divided by two and then multiplied by the payment period of the parties, and then multiplied by 1% to get the final payment.