25 years of social security, how much can I get after retirement?

How much pension can I get for retirement?

Calculation formula: pension = basic pension+personal account pension = (average monthly salary of employees in the previous year and average monthly payment salary of ten employees in the whole province at the time of retirement) /2 × individual payment years) × 1% personal account pension = personal account deposit at the time of retirement/number of months corresponding to my retirement age = sum of previous year's payment index before work to retirement/calculation index years × retirement.

How much the pension is, it is not clear in a few words. Refer to the following pension algorithm.

Pension is related to the payment amount, total payment period, retirement age, regional average social wage and other factors.

Generally speaking, pension is: personal account pension+basic pension+other allowances.

(1) Personal account pension. The total amount of funds in a personal account is divided by a certain number, which is determined by the age at retirement.

Retirement age, number of people (individual account pension months)

50 195

55 170

60 139

Suppose: Retire at the age of 60, and the personal account at the time of retirement is139,000 yuan.

Personal account pension =139000/139 =1000 yuan.

(2) Basic pension. It is the payment period multiplied by 1% multiplied by the average monthly salary of the local society in the year of retirement.

Suppose: the average monthly salary of local society is 8000 yuan, and the payment period is 25 years.

Basic pension = 25 years * 1% * 8000 yuan = 2000 yuan/month.

Note: 1: It is assumed that the payment has been made according to the local average wage level. If the payment is high, the figure of 1% (calculated according to the individual payment base and the average social wage) is high, such as 1.5%, and if the payment is low, it is lower than 1%, such as 0.6%.

Note 2: Generally speaking, the local old-age insurance system began to implement individual contributions. As long as there is proof of contract, file and so on, the previous length of service is regarded as payment, which is called deemed payment period.

Length of military service is also regarded as the payment period.

In the case of (1) and (2) above, the total of the two items is 1000+2000=3000 yuan/month.

(3) Other allowances: model worker, only child, local supplement, transitional allowance, payment period allowance, etc.

The above (1)+(2)+(3) all constitute the pension for the first month of retirement. Generally, a certain proportion will be raised every year, and it will be raised by 5% in 2020.