The simplest calculation method of pension in Shanghai

According to the latest pension calculation method, employee retirement pension consists of two parts: pension = basic pension and personal account pension; Personal account pension = personal account deposit ÷ payment months (50 years old 195, 55 years old 170, 60 years old 139, no longer unified as 120 years old); Basic pension = (last year's average monthly salary of employees in the province is indexed) ÷2× payment period × 1% = last year's average monthly salary of employees in the province (1) my average payment index) ÷2× payment period ×1%; Note: The average monthly payment wage of my index = the average monthly salary of employees in the whole province in the previous year × my average payment index. As can be seen from the above formula, under the same payment period, the level of basic pension depends on the average individual payment index, that is, the average level of the ratio of the actual payment base to the average social wage.

Legal objectivity:

Article 15 of the Social Insurance Law of People's Republic of China (PRC) stipulates that endowment insurance consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc. "People's Republic of China (PRC) Social Insurance Law" Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.