Calculation method of social security pension

The calculation formula is: basic pension = (when the insured retires, the average monthly salary of local employees in the previous year+the average monthly payment salary of himself) ÷2× payment period × 1%, where: the average monthly payment salary of indexed employees = the average monthly payment index of local employees in the previous year. Average individual contribution index:. The ratio of the annual payment base to the local average monthly salary in the previous year. Add all. . The indexed average monthly salary is the above value multiplied by the local average monthly salary at retirement. For example, in 2000, the local monthly average was 1000, and in 2006, it was 5438+0. Your monthly payment base was 2000, so the index of that year was 2. If this continues, the index will be 2 every year, and when you finally retire, the average index will be 2. Then my indexed monthly average payment salary is 2* the local monthly average salary when I retire.

According to the above calculation, I will retire in 20 19 and get a pension of 3500 yuan every month. After it went up by 5%? Through the above calculation, the higher the payment base, the longer the payment period and the higher the pension. The pension policy is adjusted every year. The above calculation is based on your own contribution and is an estimate. As for the final amount (specific figures), it depends on the policy adjustment and increase at the time of collection, which is your final pension. Although we can't get the exact number, the approximate number is still possible. You can make an estimate according to the above algorithm.

According to the latest adjustment notice, it is determined that retirees who have gone through retirement procedures in accordance with the regulations before 20 19 12 3 1 and received basic pensions on a monthly basis are eligible for pension adjustment. But for those who retire after 2020 1, the pension will not rise.

Legal basis:

Interim Measures of the State Council on Retirement and Resignation of Workers Article 1 Workers in enterprises and institutions owned by the whole people, party and government organs and mass organizations shall retire if they meet one of the following conditions:

(a) men over 60 years of age, women over 50 years of age, continuous service for ten years.

(2) Those who are engaged in underground, high altitude, high temperature, particularly heavy manual labor or other jobs harmful to health, and have reached the age of 55 for men and 45 for women, and have worked continuously for ten years.

This provision also applies to grassroots cadres whose working conditions are the same as those of workers.

(3) The male has reached the age of 50, the female has reached the age of 45, and has worked continuously for ten years, and has been certified by the hospital and confirmed by the labor appraisal committee, and has completely lost the ability to work.

(four) work-related disability, certified by the hospital, and identified by the labor appraisal committee, completely lost the ability to work.