Simplified calculation method of social security pension

Guangzhou basic pension, personal account pension, transitional pension and transitional adjustment fund are calculated according to the following methods:

(A) the basic pension monthly standard

Definition: based on the average monthly salary of local employees in the previous year and my indexed monthly salary, it is paid to 1% every1year.

The calculation formula is: basic pension = (average monthly salary of local employees in the previous year when the insured retires+average monthly payment salary of the insured) ÷2× payment period × 1%.

In which: indexed monthly average payment wage = average monthly work of local employees in the previous year × average payment index of myself.

Average individual contribution index:

The ratio of the annual payment base to the local average monthly salary in the previous year.

Add it all up and average it.

The indexed monthly average wage is the value obtained above multiplied by the local average monthly wage at retirement.

For example, in 2000, the local monthly average was 1000, and in 2006, it was 5438+0. Your monthly payment base was 2000, so the index of that year was 2. If this continues, the index will be 2 every year, and when you finally retire, the average index will be 2.

Then my indexed monthly average payment salary is 2* the local monthly average salary when I retire.

Example of basic pension calculation:

Topic: From 2007 to 1 1, Li's actual personal contribution base and the social average wage of that year are assumed to be 3000 and 3500,3200 and 4000,3500 and 4200,10,3600 and 4200,65438+respectively in 2007. 1 1 year, the average salary of local society is 4500 yuan, and the retirement age is 60 years old. At that time, the total stored value of his personal account was 50,000 yuan, and the payment year was 15.

1, calculate the average individual contribution index.

Then the average personal contribution index of Li 07- 1 1 in these five years should be calculated like this.

Average individual contribution index = (actual individual contribution base in 2007/average social wage in 2007+actual individual contribution base in 2008/average social wage in 2008+actual individual contribution base in 2009+1/) ÷ 5

=(3000/3500+3200/4000+3500/4200+3600/4200+3800/4500)÷5=0.838

2. Calculate the indexed monthly average payment salary.

Indexed monthly average payment wage = social average wage of last year × my average payment index =4500×0.838=377 1.

3. Calculate the basic pension

Basic pension = (the average monthly salary of the society in the previous year+the average monthly payment salary of myself) ÷2× payment period ×1%= (4500+3771) ÷ 2×15×1%= 620 yuan.

Note: This example simplifies the calculation. In the actual calculation process, the calculation period of individual average contribution index should be at least 15 years.

(2) Personal account pension

The calculation formula is: personal account pension = the accumulated amount of personal account when the insured retires ÷ months.

Note: Definition of calculation month

The country has a statistic, the average life expectancy of people (different for men and women). For example, the average life expectancy of men is 80 years old and the retirement age is 60 years old.

So usually a man's retirement must be a pension of 20* 12=240 months. The money in the personal account has to be collected in 240 months in order to figure out how much money to pay back each month.

But personal accounts still have interest. So according to the annual interest and the length of 240 months, you will get a month.

That is, the personal account/calculated months is the money that can be collected from the personal account every month, ensuring your airspace for 240 months.

If you live long, the social security bureau will take money from the overall fund to supplement it.

Current implementation data: The current implementation months in China are 40 years old, 233 years old, 50 years old, 195, 60 years old, 139 and so on. For details, please see here: Monthly Statement of Individual Pensions (20 12).

Examples of personal account pensions

For example, when Li retired, the accumulated deposit in his personal account was 50,000 yuan. Retirement at the age of 60, personal account pension = 50,000139 = 360 yuan.

According to the combination of the above two examples, Li Can's monthly pension = basic pension account+personal account =576+360=936 yuan.

For example, the influence of payment period and individual average payment base on pension: according to the above formula, suppose that when male employees retire at the age of 60, the average monthly salary of employees in the province last year is 4,000 yuan.

When the cumulative payment period is 15 years:

When the average individual payment base is 0.6, the basic pension = (4,000 yuan+4,000 yuan× 0.6) ÷ 2×15×1%= 480 yuan.

When the individual average payment base is 1.0, the basic pension = (4,000 yuan+4,000 yuan×1.0) ÷ 2×15×1%= 600 yuan.

When the average individual payment base is 3.0, the basic pension = (4,000 yuan+4,000 yuan× 3.0) ÷ 2×15×1%=1.200 yuan.

When the cumulative payment period is over 40 years:

When the average individual payment base is 0.6, the basic pension = (4,000 yuan+4,000 yuan× 0.6) ÷ 2× 40×1%=1280 yuan.

When the individual average payment base is 1.0, the basic pension is = (4,000 yuan+4,000 yuan×1.0) ÷ 2× 40×1%=1600 yuan.

When the average individual payment base is 3.0, the basic pension = (4,000 yuan+4,000 yuan× 3.0) ÷ 2× 40×1%= 3,200 yuan.

(3) Transitional pension

Definition: Transitional pension is an integral part of the basic pension for middle-aged people after the unified system. For those who joined the work before the new system (or "unified accounting") and retired later, their pensions should be added to those without personal account years.

Transitional pension calculation formula: indexed monthly average payment salary × enjoyment ratio.

Calculate the indexed monthly average payment salary.

(1) Calculate the monthly payment index: take the monthly payment salary of employees from the start of work to retirement, and divide it by the average monthly salary of employees in this city in that year.

(2) Calculation of average payment index: The average payment index is obtained by adding the monthly payment indexes of the payment years of employees from working to retirement and dividing them by the number of months of their payment years.

(3) Calculate the indexed monthly average payment salary: multiply the average payment index by the average monthly salary of employees in this city in the previous year at the time of retirement to get the indexed monthly average payment salary.

Enjoy proportion

1If the payment period is less than 25 years before July 1992, the enjoyment ratio is1992×1.2%;

1If the payment period exceeds 25 years before July 1992, the enjoyment ratio is 30%+(125 years before July 1992) × 1%. Concrete calculation example: calculation method of transitional pension (including examples)

(four) the transitional adjustment fund is based on the current local standards, and retirees from 2006 to 20 14 will pay a certain proportion. After 20 15, the transitional adjustment fund will no longer be issued.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.