How much is the pension for public institutions?

The retirement salary of staff in government agencies and institutions is related to the retirement age. Because the factors that affect the level of pension mainly include: the average salary of local society in the last year before retirement, the level of payment base, the length of payment period and so on. , is proportional to the above factors.

Basic formula: basic pension = average monthly salary of employees in the whole city one year before retirement ×20% personal account principal and interest and adjustment coefficient ÷ 120. The actual calculation formula will vary from place to place and be influenced by local policies.

1. The retirement fee for civil servants after retirement shall be calculated and paid according to a certain proportion of the sum of post salary and grade salary before retirement. Among them, if you have worked for 35 years, pay 90%; 85% if the working experience is over 30 years and less than 35 years; If the working experience is over 20 years and less than 30 years, it will be counted as 80%.

2. The retirement fee for staff of public institutions after retirement shall be calculated according to a certain proportion of the sum of post salary and salary scale salary before retirement. Among them, if the working experience is over 35 years, it shall be calculated as 90%; 85% if the working experience is over 30 years and less than 35 years; If the working experience is over 20 years and less than 30 years, it will be counted as 80%.

3. Retirement expenses for skilled workers and ordinary workers in institutions and institutions after retirement shall be calculated according to a certain proportion of the sum of post salary and technical grade salary before retirement and post salary. Among them, if the working experience is over 35 years, it shall be calculated as 90%; 85% if the working experience is over 30 years and less than 35 years; If the working experience is over 20 years and less than 30 years, it will be counted as 80%.

Pension payment method

Retirement methods can be divided into one-time payment and installment payment according to the payment method of pension. The former refers to the one-time payment of pension for employees after retirement. After the enterprise pays the pension, it has no obligation to pay the employee's pension.

The latter refers to the payment of pensions in installments from retirement to death, such as monthly or annual payment of pensions.

According to the relevant documents of the state, the monthly or lump-sum payment of insurance benefits in cash is mainly used to protect the basic living needs of employees after retirement according to their contributions to society and their qualifications or retirement conditions. In order to ensure the life of enterprise retirees, from 2005 to 20 12, China has substantially adjusted the basic pension level of enterprise retirees for eight consecutive years. From 20 13 65438+ 10/day, we will continue to raise the basic pension level of enterprise retirees, and the increase rate will be determined by 1 0% of the monthly basic pension of enterprise retirees in 20 12.

Because pensions are judged according to the local basic salary and retirement list. Therefore, the actual content of the specific pension needs to be calculated according to the content released by the local government. Generally speaking, local pensions are issued by government departments, whether public institutions or private enterprises, but the premise is that they need to buy relevant insurance when they retire. Generally speaking, insurance is sold by employers.

Legal basis:

People's Republic of China (PRC) social insurance law

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.