Calculation Method of Retirement Wage in Hebei Province in 2022

The calculation method of pension is composed of basic pension and personal account pension, and there are many factors that affect how much pension you can get every month, such as payment period, payment amount, local average wage level, etc., which will affect the pension you finally get.

Social security pension consists of basic pension and personal account pension. Monthly pension = basic pension, personal account pension.

1, basic pension

The calculation formula is: basic pension = (the average monthly salary of local employees in the previous year when the insured retires) ÷2× individual cumulative payment years× L%

Among them, my indexed monthly average payment salary = the average monthly salary of employees in the whole province in the previous year when the insured retires × my average payment salary index.

2. Personal account pension

The calculation formula is: personal account pension = personal account storage amount ÷ calculation months.

The basic salary of employees is determined according to their qualifications: 10 2000 yuan, 15 2300 yuan, 20 2500 yuan, 25 2800 yuan, 30 3000 yuan and 40 3500 yuan.

Length of service salary (including length of service): with the increase of length of service, 30 yuan every year. The implementation of seniority wage is not only to take care of the old workers, but more importantly, to encourage lifelong obedience to workers, which is conducive to the construction and stability of the workforce.

Workers' pension: according to the length of service, every year of work 100 yuan. By analogy, the pension for 10 service is 1000 yuan. The pension for 20 years is 2000 yuan, the pension for 30 years is 3000 yuan, and the pension for 40 years is 4000 yuan. Whether senior workers, intermediate workers or ordinary workers. Pensions are equal. Civil servants should also be equal regardless of their positions. It's the same as workers' pension. It will be completed in three years.

Conditions for receiving a basic pension on a monthly basis:

Participants in the payment of basic old-age insurance, including men over 60 years old, women cadres over 55 years old, women workers over 50 years old, men over 55 years old and women over 45 years old in special jobs, have paid the old-age insurance premium and deemed payment for 15 years, and have worked for 15 years since then; Enjoy basic old-age insurance benefits on a monthly basis after retirement. If the accumulated payment period is less than the above-mentioned prescribed period, the basic pension benefits will no longer be enjoyed monthly after retirement. Personal account deposit is paid to him in one lump sum, and the pension insurance relationship is terminated at the same time.

Legal basis;

Social insurance law

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.

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.

Pension is the money that workers can receive after retirement at the legal age, but the premise is that they have participated in the payment of endowment insurance. At present, in China, men retire at the age of 60, and women retire at the age of 55, after which they can receive a pension.