Calculation method of pension insurance treatment loss

The calculation method of pension insurance benefits loss refers to the calculation of pension insurance benefits loss when the accumulated payment in the personal social security account has reached 15 years but has not reached the statutory retirement age, and the individual cannot continue to pay pension insurance for special reasons and cannot obtain pension insurance benefits.

The calculation method of pension insurance benefits loss refers to the calculation method of pension insurance benefits loss when individuals cannot continue to pay pension insurance for some special reasons and cannot obtain pension insurance benefits. Its calculation formula is: monthly pension = the sum of accumulated payment months in personal account × the average monthly salary of local urban workers× the monthly pension payment ratio. Among them, the monthly pension payment ratio is the local basic pension payment ratio or the actual monthly pension payment ratio (such as the local residents' basic pension system). The maximum monthly pension payment ratio shall not exceed 60%. It should be noted that the cumulative payment months of individual accounts do not include the part of government subsidies. If the number of individual payment months does not meet 15 years, the pension will not be calculated. At the same time, the average monthly salary of local urban workers needs to be determined according to the standards set by the state.

What are the special reasons that make it impossible to continue to pay old-age insurance and get old-age insurance benefits? Special reasons include but are not limited to illness or serious physical disability, meeting retirement conditions, applying for retirement, being sentenced to imprisonment and other reasons.

The calculation method of pension insurance benefits loss refers to the calculation of pension insurance benefits loss when the accumulated payment in the personal social security account has reached 15 years but has not reached the statutory retirement age, and the individual cannot continue to pay pension insurance for special reasons and cannot obtain pension insurance benefits. It should be noted that this calculation method is only applicable to individuals under special circumstances, and the calculation formula and related standards are uniformly formulated and implemented by local financial and social security departments.

Legal basis:

"People's Republic of China (PRC) Social Insurance Law" Article 32 If an individual cannot continue to pay the old-age insurance premium for special reasons during the period of participating in the basic old-age insurance for urban workers, the old-age insurance fund in his personal account will continue to maintain and increase its value, but interest will no longer be calculated, and the loss of old-age insurance benefits will be calculated according to the regulations.