What is the calculation method of social security pension? What is the retirement age?

What is the calculation method of social security pension?

The calculation formula of retirement salary in social security: retirement salary, that is, pension = basic pension+personal account pension. Among them, the basic pension is (when employees retire, the average monthly salary of local employees in the previous year+my indexed monthly average salary)? 2? Payment term? 1%; And personal account pension is the accumulated amount of personal account? Count the months.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits.

What is the retirement age?

The retirement age is generally 60 for men and 50 for women, and they need to work continuously for ten years. However, if you are engaged in underground, high altitude, high temperature, particularly heavy manual labor or other jobs harmful to your health, you can retire early.

Workers of enterprises, institutions, organs and mass organizations owned by the whole people 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.

It is also applicable to grassroots cadres with the same working conditions as 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, proved by the hospital, and confirmed by the labor appraisal committee, completely lost the ability to work.