Calculation formula of 202 1 year retirement salary calculator

Social security retirement salary calculation formula: monthly basic pension = basic pension personal account pension; Among them, the basic pension = (the average monthly salary of employees in the whole province last year, and the average monthly payment salary of myself is indexed) /2* payment period *1%; Personal account pension = total amount stored in personal account/calculation months.

Calculation formula of social security retirement salary

The calculation method of social security retirement salary will be different due to different local policies, and the difference is mostly affected by local average salary, payment base and payment period. At present, all planned retirement wages are calculated by computer system, so manual formula planning is also a reference value.

Social security retirement salary consists of overall pension and personal account pension. For social security retirement salary, please refer to the following formula for preliminary calculation:

Retirement salary = local average monthly salary of the previous year before retirement * 20%+ personal account principal and interest and/120.

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The calculation formula of social security retirement salary is illustrated with examples.

For example, in 20 10, a male employee retired at the age of 60, and the average monthly salary of local employees in the previous year was 3566 yuan. When the cumulative payment period is 15 years, the personal account has 50,000 yuan, and my average payment index is 0.6. Then his basic pension =(3566 yuan 3566 yuan * 0.6) 2 *15 *1%= 427.92 yuan. His personal account pension =50000 yuan/139=359.79 yuan; Taken together, his monthly basic pension is 427.92 yuan 359.79 yuan = 787.438+0 yuan.

Pay 15 social security minimum retirement wage.

Social security 15, and if you retire on 20 18, the payment should be between 10000- 10000, and the pension should be around 1000 to 2000, accounting for about 20% to 30% of the local average salary.

If you start to pay social security from 20 18, you will officially retire in 2033 after paying 15, and pay 300,000 to 500,000 yuan of pension insurance, and you will receive 4,000 to 6,000 yuan of pension every month.

With the development of national economy and the sharp rise of inflation rate, the pension has reached about 30% to 20% of the local level. Although it seems that the income is considerable now, according to the local income comparison, it is a relatively small data for the future, but it is the only guarantee for the future pension problem.

When is the social security retirement salary paid every month?

Social security pension is transferred to the account by the Social Security Bureau on the 10th of each month. The date of pension payment agreed in different regions is also different. In order to alleviate the peak caused by receiving pensions, they are paid in batches; There may be differences in regulations in different regions. It is suggested to consult the local social security bureau, or ask people who have pensions around them to find out when to pay pensions.

Where can I check the social security retirement salary?

You can choose your own query method according to the following conditions.

1. social security center inquiry

If you don't know your social security account number, you can bring your ID card to the business hall of social insurance agencies in various districts to inquire.

Online inquiry

Log in to the city's labor security network or social insurance business website, click the "Personal Social Security Information Inquiry" window, and enter my ID card and password (the password is your social security number or the date of birth of your ID card) to inquire about my enrollment and retirement information.

What is the social security retirement salary related to?

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc. Individuals who participate in the basic old-age insurance can only receive the basic old-age pension on a monthly basis if they have paid at the statutory retirement age for fifteen years. When moving from one city to another, the basic old-age insurance relationship will be transferred, and the payment period will be calculated cumulatively. You can't just accept the amount and not the term.

According to Article 15 of People's Republic of China (PRC) Social Insurance Law, the basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

With reference to Article 16 of the Social Insurance Law of People's Republic of China (PRC), individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid for 15 years.

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 in accordance with the provisions of the State Council.

With reference to Article 19 of the Social Insurance Law of People's Republic of China (PRC), if an individual is employed in an overall planning area, his basic old-age insurance relationship will be transferred accordingly, and the payment period will be calculated cumulatively. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.

With reference to Article 7 of the Interim Measures for the Transfer and Continuation of the Basic Old-age Insurance for Employees in Urban Enterprises, if the insured person meets the conditions for receiving benefits after the transfer and continuation of the basic old-age insurance, the basic old-age pension shall be calculated and paid in accordance with the provisions of the Decision of the State Council on Improving the Basic Old-age Insurance System for Employees in Enterprises, based on the number of years of payment, the number of years of payment and the average salary of employees in each year corresponding to the place where they receive benefits.

How much does the social security retirement salary increase in a year?

In 2005, the pension adjustment mechanism for retirees was established. The most important thing is to determine the annual pension increase according to the wage increase of employees, the average social wage and the price increase. Since 20 16, the per capita pension increase of retirees has slowed down, and the per capita pension adjustment ratio is 5.5% in 20 17, 5% in 20 18 and 5% in 20 19, but it still remains at 5%. In recent years, China's GDP has generally increased by 6.5%, which shows that the adjustment of pension benefits for retirees is directly related to economic development. Although retired, it also ensures that retirees can enjoy the fruits of social and economic development. Adjusting the basic pension for retirees is an important measure to improve security and people's livelihood, which reflects the cordial concern of the CPC Central Committee and the State Council for the vast number of retirees. Therefore, there is no doubt that pensions for retirees will continue to rise in 2020, achieving a sustained growth of 16.