The personal contribution index is the main data for calculating pensions, so how is the individual contribution index calculated?
First of all, understand how the average wage actual contribution index is calculated:
Actual contribution wage index = monthly contribution base ÷ average monthly wage of the previous year
It can also be calculated by using the contribution base of the current year and the average salary of the previous year ÷, and the average contribution wage index is the average of the actual contribution index of the insured personnel.
The level of the average wage index depends on the level of the usual contributions, and the individual index directly affects the amount of pensions? The higher the grade of contributions, the higher the index, and the more pensions will be received.
How can I calculate the average annual contributory wage index?
Use the current year's payment base and the ÷ year's average salary of the previous year to calculate the actual wage index for each year, and then add the wage index of each year to calculate the sum of the previous year's wage index, and then divide it by the actual payment period, the figure obtained is the average annual wage index, which is your personal index.
For example, 60% of the contributions in Heilongjiang Province were paid, and the sum of the payment base in 1996 was 2,556, and the average salary of the previous year was 4,145 yuan.
2556÷4145=0.6166
In 1997, the sum of the contribution base was 2,472, and the average salary of the previous year was 4,564 yuan
2472÷4564=0.5416
By analogy, the wage index of each year is calculated, and then added to the sum of the wage index of the previous years, and then divided by the actual number of years of payment, the average individual contribution index is calculated.
How is the retirement pension calculated?
example
Mr. Liu, a laid-off employee of Heilongjiang Province, was born in January 1964, started working in November 1982, and retired at the age of 60 in January 2024.
The actual number of months he paid was 337 months, which was converted into 28.08 years, the deemed number of months of payment was 158 months, which was converted into 13.17 years, and the total number of years of deemed payment and the actual payment period was 495 months, which was converted into 41.25 years.
Personal account storage amount: 64,342.69 yuan
The sum of the contributory wage index over the years is 17.05, the average contributory index is 29 years, and the average contributory wage index is calculated to be 0.588
Calculation of the average annual contributory wage index:
17.05÷29=0.5879
Rounded = 0.588
In 2024, Heilongjiang's pension calculation base is 7,010 yuan
According to the pension calculation formula, let's calculate it.
Basic Pension:
7010×（1十0.588）÷2×41.25×1%=2295.95
Personal Account Pension:
64342.69÷139=462.9
Transitional Pension:
7010×0.588×13.17×1.2%=651.42
Add all three
2295.95+462.9+651.42=3410.27
There is no other subsidy in Heilongjiang Province, and Mr. Liu, a laid-off employee of the enterprise, has 41 years of service and 60% of the file payment, and will retire in Heilongjiang in 2024, and the pension can receive 3410.27 yuan.
Do you think that you can get this pension after 41 years of service, is it okay in Heilongjiang?
Have you learned?