Calculation method of urban and rural residents receiving pension insurance money

The calculation method of receiving endowment insurance for urban and rural residents is: personal account pension+basic pension.

Endowment insurance for urban and rural residents is a pension calculated according to the overall amount of employees, and its composition is divided into two parts, namely, personal account pension and basic pension. Personal account pension = personal account balance ÷ calculation months139; The basic pension is generally not fixed, but the amount stipulated by the local authorities.

The basic pension is calculated according to the average of the sum of the average monthly salary of employees and the average monthly payment salary of employees in the previous year (that is, half of the sum of the two figures), and the payment is paid to 1% every full year (including deemed payment period, calculated to the month).

Generally speaking, the more premiums paid, the longer the service life, and the more personal account balance after meeting the requirements. According to the formula, you will get more pension every month.

Matters needing attention in receiving endowment insurance for urban and rural residents

1. The insured shall apply for endowment insurance at the local township social security office with his household registration book, resident ID card, photos and other related materials and provide application materials. Generally speaking, 1-20 can be applied every month, and you can consult the local social security department for details.

2. After receiving the application materials, the township social security department needs to review it on the spot. If they meet the requirements, they will issue us a certificate of old-age insurance. Do not meet the conditions, return the materials, and explain the reasons to the applicant. After getting the old-age insurance certificate, you can use it to go to social security institutions or cooperative banks to receive pensions.