Pension insurance compensation calculation method

Pension insurance compensation is calculated as follows:

1. Individual social pension insurance formula: pension = basic pension + personal account pension. Participants in the basic pension insurance social coordination of municipal urban enterprise workers, reaching the legal retirement age, the actual contribution period including the deemed contribution period of 15 years or more, the basic pension will be paid on a monthly basis. According to the latest pension calculation method, an employee's pension upon retirement consists of two parts.

2. The formula for calculating the personal account pension: personal account pension = personal account savings divided by the number of months of payment. The number of months of payment is determined according to the retirement age and the average life expectancy of the population at that time. The number of months of payment is slightly equal to the average life expectancy of the population - the retirement age multiplied by 12. At present, the age of 50 is 195, 55 years old 170, 60 years old 139, is no longer uniformly 120.

3, the basic pension formula: basic pension = the province's average monthly salary of employees on the job in the previous year + I indexed the average monthly contribution salary divided by 2 times the number of years of contributions multiplied by 1% = the province's average monthly salary of employees on the job in the previous year 1 + I average contribution index divided by 2 times the number of years of contributions multiplied by 1%.

The specific standards for pension contributions are as follows:

1. Participants independently choose their own contribution bracket for contributions according to the natural year. Individual contribution standards are currently set at 500 yuan, 700 yuan, 900 yuan, 1,100 yuan, 1,300 yuan, 1,700 yuan, 2,300 yuan, 3,300 yuan, 4,300 yuan, and 5,300 yuan per year for 10 grades. Participants independently choose the level of contributions, and pay more to get more.

2, in addition, in order to encourage urban and rural residents to participate in the insurance, the district government of the jurisdiction of the household registration of the participants to pay subsidies, the higher the individual contribution level, the higher the standard of government subsidies. According to the contribution standard of 500 yuan to 5,300 yuan per year, the corresponding contribution subsidy standard is 200 yuan, 250 yuan, 300 yuan, 350 yuan, 400 yuan, 450 yuan, 525 yuan, 575 yuan, 625 yuan and 675 yuan per year.

The standards for pension age are as follows:

1. Pensions are generally available at around 55-60 years of age. Individuals who have paid contributions for at least 15 years can receive a pension at retirement age. Male workers are 60 years old; female workers engaged in management and scientific research work are 55 years old; female workers engaged in production and labor support work are 50 years old, freelancers, self-employed women who have reached 55 years of age;

2. In addition, female cadres of party and government organs, mass organizations, enterprises and institutions are 55 years old and have participated in the work of the revolution for 10 years; are 45 years old and have participated in the work of the revolution for 10 years, certified by the hospital to be completely incapacitated for labor; disability due to work, certified by the hospital, completely lost the ability to work can be received.

Social security pension extraction methods, as follows:

1, first of all, in the retirement, pension insurance has not been paid for 15 years, if the conditions are met, then each month to receive a pension; if you do not meet the conditions and do not want to spend money to pay, then you can go to the social security center to apply for termination of the pension insurance relationship;

2, if you want to go abroad or If you want to leave the country or join other nationalities, then you can go to the social security center to apply for the termination of the basic pension insurance relationship and the basic medical insurance relationship, so that the money in the medical insurance pension personal account will be returned at once;

3, it is the death of the participant to receive. If the participant in the payment of social security period unfortunately occurred during the death, then in accordance with the relevant laws, its heirs can go to the local social security bureau to apply to receive the money in the participant's personal account, and at the same time, the state will also provide a funeral subsidies and pensions to the family.

In summary, the minimum pension standard score two cases: the first case is to have a corporate job, if according to the latest announcement of the minimum contribution base of 3368 yuan to calculate, there are enterprises to help bear the social security, that is, the enterprise to pay 92%, the individual only need to bear 8%. Roughly, the enterprise contributes 3098 yuan, as well as only need to pay 269 yuan. If there is no company unit, such as self-employed and freelancers, they have to pay social security, they can only participate in the flexible employment social security. In this case, the individual would have to bear nearly 20 percent of the cost, roughly more than 670 yuan a month.

Legal basis:

Article 15 of the Social Insurance Law of the People's Republic of China

The basic pension consists of the integrated pension and the individual account pension. The basic pension is determined on the basis of the individual's accumulated years of contribution, the contribution wage, the average wage of local employees, the amount of the individual account, and the average life expectancy of the urban population.