Calculation method of social security pension in Shenzhen

The basic pension for employees of enterprises in Shenzhen is 10360 yuan/month, and the basic pension for employees of government agencies and institutions is implemented in the same period of the whole province.

The calculation method of social security pension in Shenzhen is: pension = basic pension, personal account pension. Personal account pension = personal account storage amount ÷ months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. The number of months is slightly equal to (average life expectancy-retirement age) multiplied by 12.

The calculation formula of pension is: pension = basic pension+personal account pension. These include:

1, basic pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) ÷2× payment period × 1%

Note: My indexed monthly average payment salary = last year's average monthly salary of employees in the whole province × my average payment index.

2. Personal account pension = personal account savings ÷ months (50 years old 195, 55 years old 170, 60 years old 139).

As can be seen from the above formula, under the same payment period, the level of basic pension depends on the average payment index of an individual, that is, the historical average of the ratio of his actual payment base to the average social wage.

According to the regulations, the "self-contribution average wage index" of each unit is different, generally between 0.6 and 3, that is, the payment is calculated at 60% to 300% of the average wage of employees in that year, mainly considering the difference in income level. High income will lead to a high pay index, but it will not exceed 3.

legal ground

People's Republic of China (PRC) social insurance law

Fifteenth basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.