List of Pension Calculation Formulas in Hebei Province

Hebei province pension calculation formula list, I briefly understand the following.

1, Abstract: Calculation Method of Pension in Hebei Province (attached formula)

Generally speaking, enterprise employee pension consists of "basic pension" and "personal account pension".

3. Basic pension = the average monthly salary of local employees in the previous year when the insured retires (1 my average monthly salary index) 2 The payment period is1%;

4. Personal account pension = the accumulated amount of personal account when the insured retires, and the number of months corresponding to his retirement age.

5. Transitional pensions shall be determined by each province and city. It is mainly based on the previous payment period and deemed payment period of the old-age insurance combined with local overall account and personal account, which is a kind of treatment supplement due to insufficient pension in personal account.

6. The main factors affecting the basic pension are the payment period, the payment wage and the average wage level in the whole province. Personal account pension is the result of dividing the total amount of the insured's pension insurance into personal account during the insurance period by the number of months (the number of months can be understood as the number of months of the average remaining years corresponding to the retirement point). The higher the payment wage, the longer the time, the greater the accumulation of personal account pension, and the higher the personal account pension.

7. According to the requirements of the Social Security Law, you can receive a pension after paying 15 years and reaching the legal retirement age. 15 is just a minimum living. You don't have to pay it after 15!

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