How much pension can I get every month after retirement?

The calculation formula of pension is as follows: pension = basic pension+personal account pension = personal account storage ÷ calculation months (50 years old 195, 55 years old 170, 60 years old 139, No longer unified as 120) basic pension = (average monthly salary of employees in the province last year+average monthly payment salary of myself) ÷2× payment period ×65438+.÷2× payment period × 1% Note: average monthly payment salary of employees in the province last year × average payment index of myself. As can be seen from the above formula, under the same payment period, the basic pension depends on the individual's average payment index, that is, the historical average of the ratio of his actual payment base to the average social wage.

The difference between pension and pension

First, different ideas. Endowment insurance is to solve the problem of retirees,

Social insurance system based on the basic livelihood of laid-off workers. Pension is the state's contribution to society based on retirees.

Second, the payment methods are different. Pensions are generally withheld and remitted by the insured units, part of which is handed over to the state and part of which is deposited in personal accounts. Pensions are provided by units or enterprises and can be enjoyed without the beneficiary's payment.

Third, the funding channels are different. Pensions are paid by the social insurance fund. However, the pension is paid by the state finance or local finance.

Fourth, the social endowment insurance fund is uniformly distributed by government agencies and institutions. The way to receive a pension depends on the way to pay it.

Divided into one-time payment or installment payment of pensions.

Legal basis:

Article 16 of the Social Insurance Law: Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have accumulated contributions for fifteen years.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.