How does social security calculate retirement wages?

Pension basic pension+personal account pension. 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%.

Article 15 of the Social Insurance Law of People's Republic of China (PRC) 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 method of pension provided by the website of the Social Security Bureau is as follows: According to the regulations, after employees meet the conditions for receiving pension insurance, their pension calculation is divided into two parts. Part of it is personal account pension. The calculation method is to divide the total personal account including principal and interest by a factor. If you divide it by male 139 and female 170, you can calculate the monthly personal account pension standard. The other part is the basic pension. Generally speaking, the base of receiving the final treatment is determined according to the relationship between the base of my contribution salary and the local average salary base. Then after paying the fee to 15 years, I will get 15% of this base. On this basis, if I pay one more year, I will get one more percentage point. That means 20% for 20 years and 30% for 30 years.