How to calculate social security pension?

How to calculate social security pension?

1。 Payment term:

Insured persons who meet one of the following conditions may apply for a monthly basic pension:

(1) has participated in the basic old-age insurance, reached the retirement age stipulated by the state, and the accumulated payment period (including deemed payment period, the same below) has reached 15 years;

(two) to participate in the basic old-age insurance, to reach the retirement age stipulated by the state, the cumulative payment period of 10 years;

(three) to participate in the basic old-age insurance, to reach the retirement age stipulated by the state, and the cumulative payment period is over 15 years;

(4) Persons who have not participated in the basic old-age insurance, gone through supplementary insurance procedures, reached the retirement age stipulated by the state, and the accumulated payment period has reached 15 years.

2。 Monthly receipt:

Answer: basic pension = (the average monthly salary of employees in the province last year ×a+ the average monthly indexed payment.

Salary) ÷2× payment period (including deemed payment period )×1%.

B. Personal account pension = amount of personal account storage ÷ number of months of personal account pension.

C. The sum of the above two items A+B is the monthly amount.

3。 The basic pension is adjusted in July every year according to the unified plan announced by the whole province.