20 16 how to calculate Beijing social security retirement?

According to Beijing Municipal People's Government's Regulations on Basic Old-age Insurance and Beijing Municipal Labor and Social Security Bureau's Provisions on Implementing Specific Measures for Relevant Issues (J.L.F. [2007] No.21), the calculation and payment methods of basic pension for retired workers in Beijing in 20 16 years are as follows:

Basic pension = basic pension+personal account pension+transitional pension (only applicable to those who joined before June 30th, 1998):

1, basic pension =

(the average monthly salary of employees in Beijing last year+my indexed monthly average payment salary at retirement) /2 × payment period ×1%;

2. Personal account pension

Personal account pension = personal account storage balance/months;

3. Transitional pension = (average monthly salary of employees in Beijing last year × deemed payment period × 1%)+ (average monthly indexed salary of employees ×1actual payment period before June 30, 998 × 1%).

the people's government of beijing city

Provisions of Beijing Municipality on Basic Endowment Insurance

Article 23? After July 1, 1, and 998, the basic pension of the insured who joined the work consists of basic pension and personal account pension.

The monthly standard of basic pension is based on the average monthly salary of employees in this city last year and my average monthly salary, and the payment is paid to 1% every full year.

The monthly standard of personal account pension is the amount of personal account storage divided by the number of months stipulated by the state.

Article 24? 1The insured who joined the work before June 30, 1998 and met the requirements of receiving basic pension on a monthly basis after June 30, 2006 will receive basic pension and personal account pension on a monthly basis, and then be given transitional pension. The specific transitional measures shall be formulated by the municipal labor and social security administrative department and implemented after being approved by the Municipal People's Government.

Beijing Municipal Bureau of Labor and Social Security

"Specific Measures on Implementing Relevant Issues"

Jing Laoshe Hair Care [2007] No.21

Two, on the basic pension plan and payment methods

The basic pension is calculated according to the following standards:

(1) The monthly standard of basic pension is: based on the average monthly salary of employees in this city in the previous year when the insured retires and the average monthly salary paid by himself, according to the accumulated payment years of the insured (including deemed payment years, the same below), pay1%every full year;

(2) The monthly standard of personal account pension is: the accumulated storage amount of the insured person's personal account divided by the number of payment months stipulated by the state (see attached table1);

(three) the monthly standard of transitional pension is the sum of the monthly transitional pension calculated according to the deemed payment period and the monthly transitional pension calculated according to the actual payment period. These include:

The monthly transitional pension calculated according to the deemed payment period is: based on the average monthly salary of employees in this city in the previous year when the insured retires, it will be paid every year according to the deemed payment period of the insured1%;

The monthly transitional pension calculated according to the actual payment years is: based on the product of the average monthly salary of employees in this city in the previous year when the insured retires and the wage index of his own contribution, 1% is paid to the insured according to the actual payment years before June 30, 998.

See Annex I for the specific calculation formulas of basic pension and transitional pension.

Schedule 1

Number of months stipulated by the state for calculating and issuing personal account pension.