Give an example to illustrate the calculation formula of social security retirement salary in 2022-2023.

Calculation formula of social security retirement salary (online calculation)

Calculation formula of social security retirement salary

The calculation method of social security retirement salary will be different due to different local policies, and the difference is mostly affected by local average salary, payment base and payment period. At present, all planned retirement wages are calculated by computer system, so manual formula planning is also a reference value.

Social security retirement salary consists of overall pension and personal account pension. For social security retirement salary, please refer to the following formula for preliminary calculation:

Retirement salary = local average monthly salary of the previous year before retirement *20%+ personal account principal and interest and/120.

Pension calculator social pension calculator

The calculation formula of social security retirement salary is illustrated with examples.

For example, in 20 10, a male employee retired at the age of 60, and the average monthly salary of local employees in the previous year was 3566 yuan. When the cumulative payment period is 15 years, the personal account has 50,000 yuan, and my average payment index is 0.6. Then his basic pension =(3566 yuan +3566 yuan * 0.6)+2 *15 *1%= 427.92 yuan. His personal account pension =50000 yuan/139=359.79 yuan; Taken together, his monthly basic pension is 427.92 yuan +359.79 yuan = 787.438 yuan +0 yuan.

Pay 15 social security minimum retirement wage.

Social security 15, and if you retire on 20 18, the payment should be between 10000- 10000, and the pension should be around 1000 to 2000, accounting for about 20% to 30% of the local average salary.

If you start to pay social security from 20 18, you will officially retire in 2033 after paying 15, and pay 300,000 to 500,000 yuan of pension insurance, and you will receive 4,000 to 6,000 yuan of pension every month.

With the development of national economy and the sharp rise of inflation rate, the pension has reached about 30% to 20% of the local level. Although it seems that the income is considerable now, according to the local income comparison, it is a relatively small data for the future, but it is the only guarantee for the future pension problem.