Examples of calculation methods of social security pension in Sichuan Province

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

The monthly standard of personal account pension is the amount of personal account storage divided by the number of months calculated. The calculation formula is:

Personal account pension = the accumulated amount of personal account when the insured retires.

The pension calculation formula consists of three parts: basic pension, personal account pension and transitional pension. Mainly based on the 2006 Notice on Printing and Distributing the Implementation Measures for Improving the Basic Old-age Insurance System for Enterprise Employees in Sichuan Province. Among them, the calculation formulas of basic pension and personal account pension are unified throughout the country. The calculation formula of transitional pension is formulated by Sichuan Province according to the local pension situation and reported to the former Ministry of Labor and Social Security and the Ministry of Finance for the record.

(1) Basic pension, which is mainly equal to the average social wage in the last year before retirement ×( 1+ my average contribution index) ÷2× years of payment × 1%.

My average payment index is actually equivalent to the average personal payment grade. If I keep paying at 60%, my average payment index is 0.6.

In the past, Sichuan Province paid the fees according to the grade of 40%, so it is possible that the average payment index is below 0.6.

The personal account balance of endowment insurance is only 50,000, indicating that the average payment index is really not high, assuming it is 0.5.

In this case, after 30 years of payment, the basic pension can receive 22.5% of the average social wage of the previous year.

The average social wage in the last year of retirement is now also called the calculation base of pension in some areas. Last year, Sichuan province was 7379 yuan, which is not low in the whole country.

The growth rate of pension calculation and payment base is lower than that of social wages. Assuming an increase of 4% this year to 7675 yuan, the calculated basic pension is 1727 yuan.

(2) Personal account pension is equal to the balance of personal account of endowment insurance divided by the number of months determined by retirement age.

The personal account balance of endowment insurance is 50,000 yuan. In this case, the key of personal account pension depends on the number of months of retirement age.

Retirement at 50 is 195 months, and retirement at 60 is 139 months. So I retired at the age of 50, with a personal account pension of 256 yuan, and retired at the age of 60, 360 yuan. The difference can be more than 100 yuan.

However, this does not mean that a high pension is cost-effective. After all, the average life expectancy is there, and the earlier you retire, the higher the total pension you receive.

(3) Transitional pension, mainly for the payment period before the establishment of personal account (payment period before the end of 1995 and deemed payment continuation), multiplied by the transitional coefficient 1.3%.

Assuming that there is a four-year calculation period and the average contribution index is 0.5, we can get 3.9% of the pension calculation base of that year, and the calculation result of this part is around 300 yuan.

In addition, there are incentive pensions in Sichuan province, mainly for special circumstances such as senior professional titles or parents of only children. If you are an only-child parent, you can get a bonus pension of 1.5% if you have paid for 30 years and the average payment index is 0.5. This part of the treatment is probably 1 15 yuan.

Adding up the above parts, if a woman retires at the age of 50 and is not an only-child parent, the monthly pension will be about 2,300 yuan. If you are a 60-year-old male retired only-child parent, the pension can be more than 2,500 yuan.

Generally speaking, the payment base of endowment insurance is also an important factor affecting pension benefits. If our contribution base is high, the pension benefits will be high.

legal ground

People's Republic of China (PRC) social insurance law

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premium should be paid by the government during the payment period. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.

Fifteenth basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.