20 19 Ji' an social security payment standard

Article 15 of the Social Insurance Law 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.

The calculation involves the types of insurance, and the calculation methods of employee pension insurance and flexible employment pension insurance are the same, but the urban and rural residents' pension insurance has its own unique calculation methods:

Pension for employee pension insurance and flexible employment pension insurance = basic pension+personal account pension.

Personal account pension = the amount of personal account storage at retirement ÷ 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.

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

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.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.