Calculation method of personal social security pension

(1) basic pension = (average monthly salary of workers in the whole province in the previous year+average monthly payment salary of myself) ÷2× accumulated payment period × 1%.

(2) Transitional pension = (average monthly salary of employees in the whole province last year+average monthly payment salary of myself) ÷2× payment period before account establishment × transitional coefficient 1.4%+ additional amount in line with the policy.

(3) Personal account pension = personal account storage amount ÷ months.

(4) Fixed subsidy = [adjustment fund (25 yuan)+subsidy within the overall project] × reduction ratio.

Calculation formula of social endowment insurance

Retirement pension = basic pension+personal account pension

1, personal account pension = personal account storage ÷ 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.

Note: At present, the age of 50 is 195, that of 55 is 170, and that of 60 is 139.

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

Note: My indexed monthly average payment salary = last year's average monthly salary of employees in the whole province × my average payment index.

Tips: Due to objective reasons, the calculation standards of some cities in China may be different.

The annual interest on the amount stored in the individual account of retirees is calculated by the monthly product method, and the calculation formula is as follows:

Annual interest rate = personal account deposit at the beginning of the year × bookkeeping interest rate this year-monthly payment × bookkeeping interest rate this year × monthly payment ×112 = ∑ [monthly payment n ×( 12-n+ 1)]

(n is the serial number of each payment month in this year, 1≤n≤ 12).

Calculation and analysis of endowment insurance

1. The amount of pension is related to the purchase period and amount. If the payment base is large and the payment time is long, there will be more pensions when you retire, and vice versa. Because everyone pays a different amount in each period, the calculation of pension is based on the principle of "subsection calculation and comprehensive settlement".

2. 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 present, the age of 50 is 195, the age of 55 is 170, and the age of 60 is 139, which is no longer unified.

3. Under the condition of the same payment period, the level of basic pension depends on the average individual payment index, that is, the historical average of the ratio of its actual payment base to the average social wage. The lower limit is 0.6 and the upper limit is 3.