Calculation formula of rural endowment insurance 202 1

Legal analysis: Old-age insurance consists of basic pension and personal account pension, and the specific calculation formula is as follows: 1. The basic pension is equal to the average monthly salary of employees in the previous year after retirement × 1 and the average value of my average contribution index ÷2 times the payment period multiplied by 1%2. The amount of personal account pension recipients' accounts/months. Personal account pension account storage ÷ 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.

Basic pension last year, the average monthly salary of employees in the province+my indexed monthly average payment salary) ÷2× payment years × 1% Last year, the average monthly salary of employees in the province (1+ my average payment index) ÷2× payment years × 1%.

In which: my indexed monthly average payment salary × my average payment index.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Fifteenth basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid 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.