How much can social security 15 pension pay?

First, the calculation method of retirement wages

At present, the basic pension for retired workers is calculated as follows:

Basic pension = basic pension+personal account pension+transitional pension:

1, basic pension

Basic pension refers to the pension paid to retirees from the basic old-age insurance pooling fund. The monthly standard of basic pension at retirement 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.

Basic pension = (average monthly salary of employees in the last year in the overall planning area+average monthly salary of myself) /2× payment period ×1%;

Index average monthly salary = average payment index × average monthly salary of employees in the previous year when they retire as a whole;

Average payment index = annual payment index/payment period;

Payment wage index = payment wage in the current year/average monthly wage of employees in the last year as a whole.

2. Personal account pension

Personal account pension refers to the pension calculated according to the personal account storage of basic old-age insurance when the insured retires. Personal account pension = personal account storage amount ÷ months. The calculated number of months does not refer to the number of months that retirees actually receive the basic pension (because it is unpredictable when they retire), but a hypothetical indicator calculated according to factors such as the average life expectancy of urban population.

Personal account pension = personal account storage balance/months;

3. Transitional pension

The insured who took part in the work before the implementation of Document No.26 [1997] and retired after the implementation of Document No.38 in 2005 belong to "middle people". Due to the accumulation of personal accounts in the past, if the accumulated payment period is 15 years, a transitional pension will be given on the basis of basic pension and personal account pension after retirement. Transitional pension payment measures shall be implemented in accordance with the specific measures formulated by provinces, municipalities directly under the central government and autonomous regions.

Take Sichuan Province as an example: transitional pension = (average monthly salary of employees in the whole province in the previous year+average monthly payment salary of myself at the time of retirement) ÷ 2×199565438+February 3 1, and accumulated payment years before the establishment of individual account × 1.3% (calculation coefficient).

The composition of enterprise employees' retirement salary includes basic pension and personal account pension, which can constitute the basic retirement salary of retirees for one month. Among them, the basic pension = (the average monthly salary of employees in the province last year and the average monthly payment salary of ten employees at the time of retirement) /2× the payment period of employees) × 1%. The personal account pension = the amount of personal account storage at retirement/the number of months corresponding to my retirement age.

Two, the monthly basic pension conditions:

For those who have participated in the payment of basic old-age insurance, men are over 60 years old, women cadres are over 55 years old, women workers are over 50 years old, men with special jobs are over 55 years old, and women are over 45 years old. Before 1997 12 3 1, they have joined the work, and the years of payment of old-age insurance premiums and deemed payment have accumulated to1. Enjoy basic old-age insurance benefits on a monthly basis after retirement. If the accumulated payment period is less than the above-mentioned prescribed period, the basic pension benefits will no longer be enjoyed monthly after retirement. Personal account deposit is paid to him in one lump sum, and the pension insurance relationship is terminated at the same time.

The composition of enterprise employees' retirement salary includes basic pension and personal account pension, which can constitute the basic retirement salary of retirees for one month. Among them, the basic pension = (the average monthly salary of employees in the province last year and the average monthly payment salary of ten employees at the time of retirement) /2× the payment period of employees) × 1%. The personal account pension = the amount of personal account storage at retirement/the number of months corresponding to my retirement age.

Legal basis:

According to article 16 of the social insurance law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.