How to calculate the retirement of social security personal account?

How to calculate the social security retirement salary? Basic pension consists of basic pension and personal account pension. 1. The monthly standard of basic pension is based on the average monthly salary of employees in the city where the insured retires in the previous year and the average indexed monthly salary of himself, and the payment is paid to 1% every1year. The calculation formula is: basic pension = (the average monthly salary of employees in the districts and cities where the insured retires+the average monthly payment salary of the insured) ÷2× individual cumulative payment years (including deemed payment years) × 1% the average monthly payment salary of the insured = the average monthly salary of employees in the districts and cities where the insured retires × the average monthly payment salary index of individual accounts. The calculation formula is: personal account pension = personal account savings at retirement ÷ the number of months corresponding to my retirement age. 2.1The insured who joined the work before September 30, 1995 and the accumulated payment period reached 15 will be given a transitional pension on the basis of the basic pension and personal account pension according to the above methods. The monthly standard of transitional pension is the product of the average monthly salary of employees in the districts and cities where the insured person retired in the previous year and the average wage index paid by him1the deemed payment period before September 30, 995 and the calculation coefficient, which is 1. 1%. The calculation formula is: transitional pension = average monthly salary of employees in the city where the insured person retired last year × average wage index of the insured person × deemed payment period before September 30, 0995 × 1. 1%.

Legal objectivity:

Article 16 of the Social Insurance Law: 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 accumulated contributions for fifteen 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. Article 27 of the Social Insurance Law: If an individual who participates in the basic medical insurance for employees reaches the statutory retirement age and the accumulated payment reaches the number of years stipulated by the state, he will not pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits according to the state regulations; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state.