How much money can a public institution receive every month after retirement?

The pension of public institutions is the basic monthly pension (the average monthly salary of employees in the whole province in the previous year is 10 at the time of retirement, and the average monthly payment salary is indexed by myself) 2× my payment period) × 1%. When a personal account pension retires, the amount stored in the personal account is the number of months corresponding to my retirement age.

First, how to calculate the monthly pension of public institutions?

1. Basic pension (when retiring, it is 10% of the average monthly salary of employees in the whole province in the previous year, and the average monthly payment salary is indexed) 2× payment period) × 1%.

2. When a personal account pension retires, the amount stored in the personal account is the number of months corresponding to my retirement age.

3. If there is an one-child certificate, increase the total pension by 5%.

Second, the provisions of the pension

1. The retirement fee for civil servants after retirement shall be calculated and paid according to a certain proportion of the sum of post salary and grade salary before retirement. Among them, if you have worked for 35 years, pay 90%; 85% if the working experience is over 30 years and less than 35 years; If the working experience is over 20 years and less than 30 years, it will be counted as 80%.

2. The retirement fee for staff of public institutions after retirement shall be calculated according to a certain proportion of the sum of post salary and salary scale salary before retirement. Among them, if the working experience is over 35 years, it shall be calculated as 90%; 85% if the working experience is over 30 years and less than 35 years; If the working experience is over 20 years and less than 30 years, it will be counted as 80%.

3. Retirement expenses for skilled workers and ordinary workers in institutions and institutions after retirement shall be calculated according to a certain proportion of the sum of post salary and technical grade salary before retirement and post salary. Among them, if the working experience is over 35 years, it shall be calculated as 90%; 85% if the working experience is over 30 years and less than 35 years; If the working experience is over 20 years and less than 30 years, it will be counted as 80%.

Third, the payment method of pension

Retirement methods can be divided into one-time payment and installment payment according to the payment method of pension. The former refers to the one-time payment of pension for employees after retirement. After the enterprise pays the pension, it has no obligation to pay the employee's pension. The latter refers to the payment of pensions in installments from retirement to death, such as monthly or annual payment of pensions.

According to the relevant state documents, the monthly or lump-sum payment of insurance benefits in cash is mainly used to protect the basic needs of employees after retirement, according to their contributions to society and their eligibility for old-age insurance or retirement conditions. China has substantially adjusted the basic pension level of enterprise retirees for eight consecutive years.

To sum up, the pension is judged according to the local basic salary and retirement list. Therefore, the actual content of the specific pension needs to be calculated according to the content released by the local government. Generally speaking, local pensions are issued by government departments and distributed to every retired employee.