How to calculate the makeup of new retirees in 2022?

The makeup of new retirees in 2022 is calculated as follows:

1, basic pension = pension calculation base ×( 1+ my indexed monthly average payment salary) ÷2× payment period × 1%.

2 transitional pension = pension plan base × payment index × deemed payment period × transition coefficient.

It can be seen from the formula that if the pension base increases by 10%, the basic pension will also increase by 10%. If the pension base increases by 10%, the transitional pension will also increase by 10%.

With the increase of social average wage, the calculation base of retirement pension will generally increase accordingly. First, the National Bureau of Statistics announced the national average social wage, and then the provinces and cities successively announced the local average social wage. After obtaining the data of local social average wage, the local social department will adjust the local pension calculation base in time according to the social average wage.

What will be involved in recalculating the reissued pension?

Basic pensions for employees include basic pensions and personal account pensions. If a personal account has been established, a transitional pension will be issued.

The basic pension 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. Although the calculation methods of transitional pension are different in different provinces and cities, the calculation in most areas is also related to the calculation base of pension.

Therefore, after the pension calculation base is changed, both the basic pension and the transitional pension need to be recalculated, and the difference between the recalculation result and the previous pre-paid pension is the pension that needs to be reissued every month.