How to calculate personal account pension?

The latest calculation method of personal pension

First, the calculation method and formula of pension

The essence of calculating pension is how to calculate pension insurance benefits. According to "People's Republic of China (PRC) Social Insurance Law" and "the State Council's Decision on the Reform of Old-age Insurance System for Staff in Government Offices and Institutions", the calculation formula of old-age insurance benefits is:

(1) monthly basic pension = basic pension+personal account pension

Among them, the basic pension = (average monthly salary of employees in the province last year+average monthly payment salary) /2* payment period * 1%= average monthly salary of employees in the province last year (1+ average monthly payment index) /2* payment period * 1%.

My average wage index = (a1/al+a2/az+...+an/an)/n

In the formula, a 1, a2.....an is the salary paid by the insured within 1 year, 2 years ... n years before retirement; A 1, A2 ... an 1 year, the average salary of local employees, 2 years ... n years before the insured retires; N is the number of years that enterprises and employees actually pay the basic old-age insurance premium.

(2) Personal account pension = total amount of personal account storage/number of months.

For example, in 20 10, a male employee retired at the age of 60, and the average monthly salary of local employees in the previous year was 3566 yuan. When the cumulative payment period is 15 years, the personal account has 50,000 yuan, and my average payment index is 0.6. Then, his basic pension =(3566 yuan +3566 yuan * 0.6)+2 *15 *1%= 427.92 yuan. His personal account pension =50000 yuan/139=359.79 yuan; Taken together, his monthly basic pension is 427.92 yuan +359.79 yuan = 787.438 yuan +0 yuan.

1, pension = basic pension+personal account pension

2, personal account pension = personal account storage amount ÷ months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. Calculated months are slightly equal to (average life expectancy-retirement age) X 12. At present, 50 years old is 195, 55 years old is 170, and 60 years old is 139.

3. Basic pension = (average monthly salary of employees in the province last year+average monthly payment salary indexed by myself) ÷2× payment period × 1%= average monthly salary of employees in the province last year (1+ average payment index by myself) ÷2× payment period × 1%.

4. In the formula: my indexed monthly average payment salary = the average monthly salary of employees in the whole province in the previous year × my average payment index.