Linze county nineteen years of service retirement pay how to calculate 'another live employment personnel in accordance with the county social security bureau regulations ` prescribed from nineteen ni

Linze county nineteen years of service retirement pay how to calculate 'another live employment personnel in accordance with the county social security bureau regulations ` prescribed from nineteen ninety-six to two thousand fifteen The basic pension after retirement consists of basic pension, personal account pension and transitional pension.

Basic pension = (average monthly salary of local employees in the previous year + my indexed average monthly contribution salary) ÷ 2 × years of contribution (including deemed years of contribution) × 1%;

Individual account pension = the amount of savings in the individual account when the person receives the basic pension for the first time ÷ the number of months of issuance;

Transitional pension = (the average monthly salary of local workers in the previous year + my average indexed monthly contribution salary) ÷ 2 × years of contributions (including deemed years of contributions) × 1 percent;

Transitional pension = (the average monthly salary of local workers in the previous year + my average indexed monthly contribution salary) Average monthly salary of local employees at the time of the participant's retirement + his/her indexed average monthly contribution salary)÷2×demanding contribution period×1.4%

Transitional pension is only valid for those who participated in the insurance before 1996. The deemed contribution period is the period from the time you joined the work to the time you started to pay the pension insurance, including the period when the youth went to the countryside is regarded as the length of service. You need to provide your own file before reporting to the Social Security Bureau for review and determination.

Indexed average monthly contribution salary = average contribution index × average monthly salary of on-the-job workers in the previous year of retirement.