Nantong Pension Measurement Method Nantong Pension Calculator

The social security pension of an employee when he retires consists of two parts:

Pension = basic pension + personal account pension.

Personal account pension = personal account savings ÷ number of months of payment.

Base pension = ÷2 × years of contribution × 1%.

Measurement of the entrance: click to enter

Warm tips:

1, the normal retirement of the basic pension formula is the same across the country, but the sick retirement of the provinces, municipalities and districts have some differences, to the local social security agencies to consult the local policy shall prevail.

2, in the case of the same number of years of contributions, the level of the basic pension depends on the average contribution index of the individual, the average contribution index of the individual is the ratio of their actual contribution base to the average social wage of the average value of the calendar year, the minimum limit of 0.6, the maximum limit of 3. In the two calculations of the pension, in any case, the higher the base of the contribution, the longer the number of years of contributions, the pension will be the higher.

3. The pension is provided for an indefinite period of time, as long as the recipient survives, he or she can enjoy the treatment of receiving a monthly pension, even if the personal account pension has been exhausted, it will still continue to be calculated in accordance with the original standard, and the personal pension will also increase year by year according to the increase in the average monthly salary of the social workers on the job. Therefore, the longer you live, the more you can receive, which is definitely more cost-effective compared to paying fees.

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Nantong pension conditions