The relationship between social security base and retirement pay table

Retirement pay not only depends on the amount of social security you pay also need to look at the number of years, the specific calculation: 1, the basic pension = (the previous year the local average social wage + my indexed average monthly contribution wage) ÷ 2 × years of contribution × 1%. Through the basic pension formula can be seen, affecting the basic pension of more factors, the average social wage in the retirement area, my average contribution wage index, the number of years of contributions and other such factors will affect the basic pension.

For example, if the annual average social wage in your retirement area is 5,000 yuan, and your indexed average monthly wage is also 5,000 yuan, and your accumulated social security contribution period is 30 years, then the basic pension you will receive at retirement will be (5,000+5,000)÷2×30×1%=1,500 yuan.

2, personal account pension = the balance of the personal account at the time of retirement ÷ retirement age to determine the number of months of payment. The number of months of retirement at age 60 is 139, the number of months of retirement at age 55 is 170, and the number of months of retirement at age 50 is 195. Assuming that you are retiring at age 60, and that the total amount of your personal pension account is 100,000 yuan at the time of your retirement, the personal account pension that you can receive will be 100,000 ÷ 139 ≈ 719 yuan.

The relationship between the social security contribution base and the pension

The determination of the pension insurance contribution base is based on the number of payable to determine the pension insurance contribution base is the sum of all pre-tax income in the previous year to determine the level of monthly income, and at the end of each year to summarize the determination of the contribution base, the higher the contribution base, the higher the pension the longer the contribution time, the higher the pension, although grass-roots employees have low income, the contribution base is low, and the contribution base is low, the contribution base is low, and the contribution base is low, the contribution base is low, and the contribution base is low, and the contribution base is low, and the contribution base is low. low, the contribution base is low, but it is also necessary to make timely contributions to ensure the basic life of the retirement.

The difference between the pension insurance calculation base and the contribution base

1, the pension insurance contribution base, and the province's caliber of the average on-the-job salary of employees directly related to the direct decision to contribute to the base ceiling and floor, directly affecting the actual amount of personal contributions under the contribution grade, such as the local Department of Human Resources and Social Security stipulates that the province's caliber of the average salary of on-the-job employees 6053 yuan last year, then the pension insurance contribution The upper limit of the base is 300%, which is 18159 yuan; the lower limit of the contribution base is 60%, which is 6053 * 60% = 3632 yuan

The minimum payment of 3632 * 8% = 290 yuan a month for employees; flexible employment personnel a month in accordance with the lowest level of payment of 3632 * 20% = 726 yuan

2, the base of the pension insurance issuance, directly affecting Individual pension, more specifically affect the individual basic pension and transitional pension calculation.

Basic pension formula: (provincial average monthly salary of on-the-job workers in the previous year + my indexed average monthly contribution salary) ÷ 2 * all the years of contribution * 1%

In the past, some places used the full-caliber urban employment social wage, as the upper and lower limits of the approved standards for the pension insurance contribution base, and some places use the social wage of the urban non-private sector to calculate the pension, which is to be more than 20% higher. The use of the calculation base can balance the gap between the two.

The formula for calculating the pension will change if the base figure is used:

The formula for calculating the basic pension is: (the base figure + the average indexed monthly salary) ÷ 2 * the total number of years of contribution * 1%, for example, in Shaanxi province, the average salary of 6,053 yuan, but the base figure for calculating the pension is 6,914 yuan.

Legal basis:

"The State Council on the retirement of workers, retirement of the Interim Measures," Article 1, the national ownership of enterprises, institutions and party organs, mass organizations of workers, meet one of the following conditions, should be retired:

(a) men aged 60 years, women aged 50 years, the number of consecutive years of service who have completed ten years of continuous service.

(2) Those who are engaged in underground, high-altitude, high-temperature, particularly heavy physical labor or other work harmful to health, and who have reached the age of fifty-five for men and forty-five for women, with ten years of continuous service. This provision also applies to basic cadres whose working conditions are the same as those of workers.

(3) If a man has reached fifty years of age and a woman has reached forty-five years of age, with ten years of continuous service, and is certified by a hospital and confirmed by a labor appraisal committee to be totally incapacitated for work.

(d) Disability caused by work, certified by the hospital and confirmed by the Labor Identification Committee, total loss of working capacity.