Pension insurance has been paid for 20 years, how much can I get for retirement?

If the payment base is 4,250 yuan, after 20 years of payment, the retirement salary is generally around 1400 yuan.

The payment base belongs to the lowest level, so the composition of retirement salary is: basic pension and personal account pension. The pension calculation formulas of these two people are unified throughout the country.

Basic pension = average social salary in the previous year after retirement ×( 1+ average contribution index of myself) ÷2× payment period × 1%. This average payment index is the average payment base. If the payment is made according to 60%, the average payment index is 0.6.

Take Qingdao as an example, 202 1 5309 yuan per month. If 60% of the contributions are made for 20 years, the basic pension is 5309× (1+0.6) ÷ 2× 20×1%= 849.44 yuan.

The calculation method of personal account pension is: personal account pension = accumulated balance of personal account of pension insurance at retirement ÷ months. (50 years old is 195 months, 55 years old is 170 months, and 60 years old is 139 months).

4250*8%* 12* payment period 20÷ payment months 139=587 yuan.

Then, his retirement salary is basic pension+personal account pension =849.44+587= 1436.44 yuan. This money is ok for ordinary rural people; For the urban elderly, it may be a drop in the bucket.

Through the calculation method, we can see that the payment period, payment base and retirement time all have an impact on the pension. Therefore, if you want more pensions, you must work hard, raise the payment base and delay retirement, which is also conducive to the issuance of pensions.

Some people don't work hard, and when they retire, they find that their pensions can't guarantee their lives at all, especially when they are old. I spent a lot of money on medicine when I was ill. The rest of the pension can only maintain their own food and clothing.

So, work hard while you are young.