What is the retirement salary of workers in Yuhuan County?

The basic pension after retirement consists of basic pension, personal account pension and transitional pension.

Basic pension = (average monthly salary of local employees in the previous year+average monthly payment salary of myself) ÷2× payment period (including deemed payment period )×1%;

Personal account pension = the amount of personal account savings when I first received the basic pension.

Transitional pension = (average monthly salary of local employees in the previous year when the insured retires+average monthly payment salary of the insured) ÷2× deemed payment period × 1.4%.

Transitional pension is only valid for the insured before 1996. The deemed payment period refers to the period from taking part in work to starting to pay endowment insurance, including the time for educated youth to go to the countryside. I need to provide my file before reporting to the Social Security Bureau for examination and confirmation.

Index average monthly payment wage = average payment index × average monthly salary of employees in the last year before retirement.