Jilin Province 2023 retirement salary calculation method

Calculation method of retirement salary in Jilin Province in 2023:

Pension = basic pension + personal account pension.

1, personal account pension:

=personal account storage amount/accrued months (50 years old for 195, 55 years old for 170, 60 years old for 139)

2, the basic pension:

=(the province's average monthly salary of the previous year's on-the-job workers + my indexed average monthly contribution salary)/2 * years of contribution * 1%

=Province's previous year's average monthly salary of on-the-job workers (1 + my average contribution index)/2*contribution period*1%

Note: (in the formula: my indexed average monthly contribution salary = the province's previous year's average monthly salary of on-the-job workers * my average contribution index)

Note on the calculation of pensions:

1. The age of the individual account accumulative storage amount for the age of less than the legal age of retirement is not counted as a contribution. The number of months of accrued savings in the personal account is more than that of normal retirement.

2, the sick retiree's base pension formula, (the previous year's provincial and municipal average wage * 20% + 95 before the end of the projected storage amount of principal and interest / 120 + adjustment) * (1 - years in advance * 2%)

3, the normal retirement base pension formula is the same throughout the country, but the sick retiree provinces, municipalities and districts have some differences, to the local social security agency consulting

4, in the above formula can be seen, in the case of the same number of years of contributions, the level of the basic pension depends on the average contribution index of the individual, the average contribution index of the individual is the average value of the ratio of the actual contribution base of their own and the average social wage over the years. The minimum limit is 0.6 and the maximum limit is 3. Therefore, in both calculations of the pension, the higher the contribution base and the longer the number of years of contribution, the higher the pension will be, regardless of the situation.

5, the pension is unlimited statutory, as long as the recipient survives, you can enjoy the treatment of monthly pension, even if the personal account pension has been used up, will continue to be issued in accordance with the original standard, and personal pension but also year by year in accordance with the increase in the average monthly salary of the social workers on the job and the increase.

In summary: the pension as a kind of social welfare system used to protect the life of the elderly. With the aggravation of the degree of population aging in China, the importance of the pension system is also more and more prominent, the calculation of the pension involves a number of factors, mainly and their own conditions of participation are closely related.

Legal basis:

The People's Republic of China Social Insurance Law

Article 10

Employees shall participate in basic pension insurance, and the employer and the employee*** shall pay the basic pension insurance premiums. Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employing units, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves.

Article 70

The State develops the cause of social insurance, establishes a social insurance system, and sets up a social insurance fund to enable workers to receive assistance and compensation in old age, sickness, work injury, unemployment, and childbirth.