What is the calculation method of social security fund?

Introduction of calculation method:

Basic pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) ÷2× total payment period × 1%

Transitional pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) ÷2× payment period before account establishment × transitional coefficient 1.4%+ additional amount in line with the policy.

Personal account pension = personal account storage amount ÷ months.

Fixed subsidy = [adjustment fund (25 yuan)+subsidy within the overall project] × reduction ratio.

legal ground

Article 58 of the Social Insurance Law of People's Republic of China (PRC) * * * The employer shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.