What is the calculation formula of social security retirement salary?

First, the pension formula after retirement.

Total monthly payment = basic pension+personal account pension. Basic pension = (average monthly salary of employees in Chengdu last year+average monthly payment salary of myself) ÷2× payment period × 1%.

Personal account pension = personal account storage amount ÷ personal account pension calculation and issuance months

Second, for example

Suppose you get a salary of 5000 yuan at the age of 25, retire at the age of 60, and earn 5000 yuan a month for 35 years. Assume that the average monthly salary of employees in the previous year was 545 1 yuan. According to the formula, after retirement, the monthly pension is 3037.5 yuan, and the monthly supplementary pension is 18 12.95 yuan.

So the final monthly pension is 3037.5+1812.95 = 4850.5 yuan! The pension you can get after retirement is 4850.5 yuan, which is not much less than the 5000 yuan when you are on the job.

Tip: How to calculate the pension after retirement? Basic pension consists of basic pension and personal account pension. The monthly standard of basic pension at retirement is based on the average monthly salary of local employees in the previous year and my indexed monthly salary, and the payment is paid to 1% every1year. The monthly standard of personal account pension is the amount of personal account storage divided by the number of months, which is determined according to the average life expectancy of urban population and its retirement age and interest when employees retire.