Relationship between pension calculation base and retirement salary

The calculation base of pension is determined according to retirement salary, generally according to my average salary in the previous year, but there are other calculation methods.

In China, the pension calculation and payment base is a very important indicator, which directly determines the pension level received by retirees. Related retirement wages are the main basis for calculating the calculation base. According to the current pension insurance system, the calculation formula of pension is: individual payment period × monthly payment amount × local adjustment coefficient × pension payment ratio. Among them, the proportion of pension payment is stipulated by the state, which is generally a certain proportion of the average salary of retirees in the previous year. The calculation base of pension is used to determine the basic amount of the average salary in the previous year. Specifically, the calculation method of pension calculation base is as follows: 1. According to my average salary in the past year. 2. Calculated according to a fixed standard, such as the average wage of urban workers in a specific year. 3. Calculated according to the individual's actual payment salary, which is the so-called "actual salary calculation method". In practice, the first calculation method is generally adopted. According to the regulations, before calculating the average salary of an individual in the previous year, it should be adjusted according to the adjustment coefficient of the average salary of urban workers announced by the labor department in accordance with relevant state regulations to reflect the influence of inflation and other factors. It should be noted that for retirees with short payment period, the calculation base of pension may be reduced to some extent. In addition, there may be other special calculation methods for people engaged in special jobs in special industries, such as miners and migrant workers.

Do retirement wages and pension calculation bases have to be equal? Not necessarily equal. Although retirement salary is one of the main bases for calculating the pension base, it is not the only basis. At the same time, due to the influence of adjustment coefficient and other factors, there may be a certain gap between retirement salary and pension calculation base.

Endowment insurance is a very important part of China's social insurance system, which is related to the welfare and rights of workers. In pension calculation, pension calculation base and retirement salary are two very key concepts. Understanding the relationship between them is helpful to better understand the relevant provisions of the social insurance system and safeguard their legitimate rights and interests.

Legal basis:

Article 12 of the Social Insurance Law of People's Republic of China (PRC) refers to the average monthly salary of the insured based on the payment base of the enterprise (unit) or individual.