How to increase the salary of social security retirees in 2017

Basic pension = (average monthly salary of on-the-job workers in the previous year in the province × a + my indexed average monthly contribution salary) ÷ 2 × years of contribution (including deemed years of contribution) × 1%;

Individual account pension = individual account reserve ÷ number of months of individual account pension;

The sum of the above two items is the amount of the monthly payment.

Note: The basic pension is subject to annual adjustment in July every year according to the program announced by the province.