How to calculate the pension insurance for Cosco crew after retirement?

According to the latest pension calculation method, employees' pension consists of two parts:

Pension = basic pension+personal account pension

Personal account pension = personal account storage amount ÷ calculation months (50 years old 195, 55 years old 170, 60 years old 139, 120 is no longer unified).

Basic pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) ÷2× payment period × 1%

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

Note: My indexed monthly average payment salary = last year's average monthly salary of employees in the whole province × my average payment index.

As can be seen from the above formula, under the same payment period, the level of basic pension depends on the average payment index of an individual, that is, the historical average of the ratio of his actual payment base to the average social wage. The lower limit is 0.6 and the upper limit is 3.

Therefore, in the calculation of pension, in any case, the higher the payment base and the longer the payment period, the higher the pension.

Example:

When male employees retired at the age of 60, the average monthly salary of employees in the province last year was 4,500 yuan.

Cumulative payment period 15 years.

When the average individual payment base is 0.6, the basic pension = (4,500 yuan+4,500 yuan× 0.6) ÷ 2×15×1%= 540 yuan.

When the average individual payment base is 1.0, the basic pension = (4,500 yuan+4,500 yuan×1.0) ÷ 2×15×1%= 675 yuan.

When the average individual payment base is 3.0, the basic pension = (4,500 yuan+4,500 yuan× 3.0) ÷ 2×15×1%=1350 yuan.

The cumulative payment period is 40 years.

When the average individual payment base is 0.6, the basic pension = (4,500 yuan+4,500 yuan× 0.6) ÷ 2× 40×1%=1440 yuan.

When the individual average payment base is 1.0, the basic pension = (4,500 yuan+4,500 yuan×1.0) ÷ 2× 40×1%=1800 yuan.

When the average individual payment base is 3.0, the basic pension = (4,500 yuan+4,500 yuan× 3.0) ÷ 2× 40×1%= 3,600 yuan.

Basic pension+personal account storage ÷ 139 months = monthly pension.