Retirement of public institutions, social security plus retirement salary

After the institution pays the pension, the social security salary after retirement:

Pension calculation formula-(local social wage 65438+ 0 years before retirement+personal indexed wage) /2* 1%* payment time (including deemed length of service)+(personal account balance/calculation months)

Those who worked in the early days (93 years ago) also have transitional pensions. How to calculate them depends on the local social security policy.

Take Wuhan as an example:

12. How to calculate the basic pension?

Answer: All insured persons who are eligible to receive the basic pension on a monthly basis will receive the basic pension on a monthly basis according to the following provisions from the month following the retirement formalities.

(1) monthly basic pension is the sum of basic pension and personal account pension. Among them, the basic pension is 20% of the average monthly salary of employees in this city one year before retirement (the same below); Personal account pension is the employee basic old-age insurance personal account storage amount divided by 120 (the same below).

(2) The monthly basic pension is the sum of 200 1 1 basic pension, personal account pension and transitional pension for those who retired after working before unified account and settlement.

The calculation formula of transitional pension is: transitional pension = average monthly salary of employees in the city one year before retirement × average wage index of individual contributions of basic old-age insurance × 1.3%× length of service before employees should establish individual accounts of basic old-age insurance+adjustment fund+comprehensive subsidy, in which the specific calculation methods of adjustment fund and comprehensive subsidy are: adjustment fund = average monthly salary of employees in the city one year before retirement × individual accounts should be established. The maximum calculation standard of the adjustment fund shall not exceed 10% of the average monthly salary of employees in this city one year before retirement. From 200 1, the adjustment fund will be lowered by 0.5% every year. According to the implementation scope of Zheng Wu [1998] No.66 document, the comprehensive subsidy standard for enterprise retirees who joined the work before the implementation of the unified account and retired after 200 1 1 is 90 yuan.

The basic pension is regularly adjusted according to a certain proportion of the average wage increase of employees in the city last year. Adjust the time and level, by the Municipal People's government in accordance with the relevant policies and regulations to the provincial people's government, submitted to the Municipal People's government for approval.