Social security calculation formula

Legal analysis: Taking the calculation method of social security pension wages in Fujian as an example;

1, the monthly standard of basic pension is based on the average monthly salary of local employees in the previous year and my indexed monthly salary, and the payment is paid to 1% every1year. The calculation formula is:

Basic pension = (when the insured retires, the average monthly salary of local employees in the previous year+the average monthly payment salary of the insured) ÷2× payment period × 1%

2. The monthly standard of personal account pension is the amount of personal account storage divided by the number of months. The calculation formula is: personal account pension = the accumulated amount of personal account when the insured retires ÷ months.

3. The monthly standard of transitional pension is based on my indexed monthly average payment salary, and the payment period before "unified account integration" is paid to 1 year. The calculation formula is: transitional pension = my indexed monthly average payment salary × payment years before unified account × 1.2%.

4. The transitional adjustment fund is based on the current local standards, and retirees from 2006 to 20 14 will be paid in a certain proportion. After 20 15, the transitional adjustment fund will no longer be issued.

The above items add up to a monthly payment.

Legal Basis: Interim Measures of the State Council on Retirement and Resignation of Workers Article 1 Workers in enterprises and institutions owned by the whole people, party and government organs and mass organizations shall retire if they meet one of the following conditions.

(a) men over 60 years of age, women over 50 years of age, continuous service for ten years.

(2) Those who are engaged in underground, high altitude, high temperature, particularly heavy manual labor or other jobs harmful to health, and have reached the age of 55 for men and 45 for women, and have worked continuously for ten years.

This provision also applies to grassroots cadres whose working conditions are the same as those of workers.

(3) The male has reached the age of 50, the female has reached the age of 45, and has worked continuously for ten years, and has been certified by the hospital and confirmed by the labor appraisal committee, and has completely lost the ability to work.

(four) work-related disability, proved by the hospital, and confirmed by the labor appraisal committee, completely lost the ability to work.