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How to calculate the deemed payment index of employees in a public institution in Liaoning Province?
The staff of a public institution in Liaoning Province is regarded as the payment index, and the calculation method is as follows.
1. The calculation formula of employee pension with deemed payment years is: my indexed monthly average payment salary × deemed payment years before establishing personal account multiplied by 1.4%.
2. The retirement pension of employees consists of two parts: pension = basic pension+personal account pension = personal account savings.
3. Basic pension = (the average monthly salary of employees in the whole province last year+my average monthly payment salary).
4. 2× payment period × 1%= the average monthly salary of employees in the whole province in the previous year (1+ my average payment index).
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