How to calculate social security retirement salary

The accounting of social security retirement wages is as follows:

1, retirement salary = basic pension+personal account pension;

2. When the insured payer meets the conditions for receiving benefits, if the normal payment period exceeds 15 years, the basic pension 2 yuan will be increased every month for every 1 year. The current minimum standard of basic pension is RMB 105 per person per month from July 2020. The monthly calculation and payment standard of personal account pension is the total storage amount of personal account divided by139;

3. Calculation formula of monthly pension benefits: monthly pension benefits = basic pension (now 105 yuan/month)+personal account pension (individual contribution+government subsidy+interest) divided by 139+ pension with payment years (payment years-15) multiplied by 2 yuan.

The social security procedures for retirees are as follows:

1. One month before reaching the statutory retirement age, provide the unit manager with a copy of ID card (for pension card), personal photo (for retirement card) and other materials;

2. The social security agent fills in the retirement approval form according to the details of the parties, and submits it to the social security agency together with the personnel files of the parties in the month of retirement, and the social security agency will review whether it meets the retirement conditions;

3. After the social security is approved, the detailed pension is calculated according to the retirement age, the insured payment period, the payment base over the years, the local social support fees over the years and other factors;

4. Managers will improve the retirement approval form according to the social security accounting results and submit it to social security for approval and approval. After the completion, the social security will issue a retirement approval and make a retirement certificate, and entrust the bank to handle its pension card together;

The manager will hand in the processed retirement certificate, bank card, etc. Go through the retirement formalities at the retirement party.

Legal basis:

Article 2 of the Interim Measures of the State Council on Retirement and Resignation of Workers.

After the workers retire, they will be paid a monthly retirement fee according to the following standards until their death.

(1) Those who meet the conditions in Items (1), (2) and (3) of Article 1 and participated in the revolutionary work during the War of Resistance against Japanese Aggression period shall be paid 90% of their standard salary. Those who participated in revolutionary work during the War of Liberation were paid 80% of the standard salary. After the establishment of People's Republic of China (PRC), he participated in the revolutionary work and worked continuously for 20 years, and he was paid 75% of his standard salary; Those who have worked continuously for fifteen years but less than twenty years shall be paid 70% of their standard salary; Those who have worked continuously for ten years but less than fifteen years will be paid 60% of their standard salary. If the retirement fee is less than twenty-five yuan, it will be paid at twenty-five yuan.

(two) in accordance with the provisions of Article 1 (four), in need of help in life, according to my standard salary of 90%, and according to the actual situation to a certain amount of nursing expenses, generally not more than an ordinary worker's salary; If you don't need help in your daily life, you will be paid 80% of the standard salary.

Those who have more than two retirement conditions at the same time will be paid according to the highest standards. If the retirement fee is less than 35 yuan, it will be paid at 35 yuan.