Calculation of social security pension replacement rate

You gave too little data, for example, as follows:

Suppose you are 25 years old, earning 2000 yuan a month, and retiring at 60.

Basic pension: 2362 yuan (Beijing social security salary in 2004) ×20%=472 yuan, personal account pension: 2000×8% = 160 (social security pension fee paid by individuals in one month),160×12 =/kloc.

1920×35=67200 (from now until retirement, all social security pension expenses paid by individuals within 35 years, that is, the accumulated balance of personal accounts), 67200÷ 120=560 (monthly pension amount received in personal accounts after retirement), 472 (basic pension) +560.

Divide Li's retirement pension by his current monthly salary. This figure is called "replacement rate", that is, the ratio of his income when he retired to his income when he worked.

1032÷2000=5 1.6%

That is to say, according to the current situation, the replacement rate of Li's retirement pension relative to his on-the-job salary is 5 1.6%.

In the above calculation, there are actually many variables, such as personal monthly income, social wage, 20%, 8% and so on. , may change according to personal changes and the adjustment of national policies. Therefore, it is finally calculated that Li will receive a monthly pension 1032 yuan after retirement, which may change greatly after 35 years. However, the replacement rate will not change much. The replacement rate calculated by different people is different, which can basically reflect how much pension they receive when they retire can replace their current income.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.