Wuxi goes through the retirement formalities.

It shall be handled by the employing enterprise. The basic old-age insurance for enterprise employees retirement (post) approval and treatment approval process is as follows:

First, submit an application.

1. When the insured person of the basic old-age insurance for enterprise employees reaches the retirement age stipulated by the state and the province, he shall apply to the handling unit (the handling unit is the employer, the labor security agency or the street people's agency, among which the unemployed and flexible employees with local household registration are handled by the street people's agency where the household registration is located.

Unemployed persons with household registration and flexible employment in different places shall apply by the street people's agency in their temporary residence, fill in the Application Form for Retirement of Enterprise Employees' Basic Endowment Insurance and submit relevant materials.

2. The handling unit manager collects information and applies for an appointment to the local social security center office, in which the online newspaper unit applies for an appointment through the online service hall.

3. After the appointment is successful, the manager of the handling unit will go to the acceptance window of the pension insurance retirement (post) treatment of the Municipal Social Security Center at the appointed time and submit the application and related materials (see the Application Form for Retirement (post) of the Basic Endowment Insurance for Enterprise Employees for details).

Second, accept the audit.

1, the municipal social security center accepts applications and related materials submitted by window staff. If the materials are complete and meet the requirements, the application materials shall be collected, scanned and returned to the resident identity card (passport of overseas personnel), and a notice of acceptance shall be issued at the same time;

If the application materials are incomplete or do not meet the requirements, all materials shall be returned and a one-time notice shall be given. After the material is completed, it will be handled according to the process.

2, the city social security center endowment insurance benefits examination and approval personnel to review the retirement conditions, to meet the conditions of the approval of retirement; Do not meet the conditions, issue a "notice" and return all materials.

3, the city social security center pension insurance benefits approved personnel basic pension insurance benefits at the beginning of the nuclear; Pension insurance benefits review personnel to review the basic pension insurance benefits.

4, the city social security center endowment insurance benefits approved personnel print and send the Wuxi enterprise insured retirement (post) benefits approved form ","employee retirement certificate ",at the same time, the collected materials in accordance with the provisions of a binder, and handed over to the insured retirement management department.

5. The completion time of retirement (post) approval and treatment approval is 10 working days.

Third, the announcement.

1. After the retirement (post) approval and treatment approval procedures are completed, the municipal social security center will send information to the insured person to inform relevant matters;

2. At the end of the month, the Municipal Social Security Center generates the monthly payment data of the insured, and the basic pension will be issued through the social security card (bank card) from the next month.

The retirement pension of employees consists of two parts: pension = basic pension+personal account pension.

Among them, personal account pension = personal account storage amount ÷ months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. Calculated months are slightly equal to (average life expectancy-retirement age) X 12. At the age of 50, it was195; 170 at the age of 55; At the age of 60, it was139; It is no longer unified.

Basic pension = (average monthly salary of employees in the whole province in last year+average monthly payment salary indexed by myself) ÷2× payment period × 1% = average monthly salary of employees in the whole province in last year (1+ average payment index by myself) ÷2× payment period × 1%.

In which: my indexed monthly average payment salary = last year's average monthly salary of employees in the whole province × my average payment index. As can be seen from the above formula, under the same payment period, the level of basic pension depends on the average payment index of an individual, that is, the historical average of the ratio of his actual payment base to the average social wage.

The lower limit is 0.6 and the upper limit is 3. Therefore, in the two kinds of calculation of pension, no matter what the situation, the higher the payment base and the longer the payment period, the higher the pension.

Pensions are fixed indefinitely. As long as the recipient is alive, he can enjoy a monthly pension. Even if the personal account pension has been used up, he will continue to pay the basic pension according to the original standard. Moreover, personal pension will increase year by year with the increase of the average monthly salary of employees in society.

Therefore, the longer you live, the more you can get, which is definitely more cost-effective than paying.

Wuxi Municipal People's Government-Notice on Adjusting the Approval Process of Retirement (Post) and Treatment of Enterprise Employees' Basic Endowment Insurance