Pension standard in Hebei province

Subjectivity of law: how to calculate the retirement salary of social security? 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 person retired in the previous year and the average indexed monthly salary of himself, and the payment is paid to 1% every full year. 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%.