Social security pension is already the most important way for everyone to provide for the elderly, but how to calculate how much money to receive in retirement? Let's take a look at the pension calculation formula for 2024.
The pension calculation formula mainly includes three parts: basic pension, personal account pension and transitional pension, let us analyze them one by one.
Let's start with transitional pensions.
A transitional pension is a transitional treatment. This is a kind of treatment calculated for the actual payment period of the pension insurance before the establishment of the local pension insurance personal account system and the deemed payment period according to the national length of service, which can be regarded as a kind of treatment compensation accumulated without the establishment of a personal account.
Most local enterprises have been insured for personal accounts since 1996, and if they are calculated based on 42 years of service, it will end in almost 2038 (that is, there will be no more transitional pensions for newly retired personnel). Employees of government agencies and institutions are September 2014, and it is expected to end in 2054 based on 40 years of service.
The transitional pension is different in each province, and it is also different for enterprises and government institutions.
The formula for calculating the transitional pension for enterprise retirees in Shandong Province is equal to the average social wage of the previous year of retirement× the average contribution index of the person × the transition coefficient of the payment period before the establishment of the personal account × 1.3%.
The formula for calculating the transitional pension for enterprise retirees in Zhejiang Province is equal to the average social wage of the previous year of retirement× the average contribution index of the years of payment before the end of 1997× the transition coefficient of the payment period before the end of 1997× 1.4%.
The formula for calculating the transitional pension for retirees of government institutions and institutions is equal to the average social wage of the previous year of retirement× the deemed contribution index of the person × the deemed payment period× and the transitional coefficient of 1.0%~1.4%.
Second, the basic pension part.
The basic pension is equal to the average social salary × in the previous year of retirement (1 + the average contribution index of the person) ÷ 2× the number of years of payment ×1%.
The basic pension part is linked to the average salary, and it is also the part of the pension that has the most ability to maintain and increase its value.
Social average salary, due to the problem of caliber transformation, is now called the pension calculation base in many places. In the future, all of them will be unified to the average social wage of employees in urban units of all calibers. In 2023, all provinces across the country will be between 6,401 yuan and 12,183 yuan, and Shanghai has reached the full-caliber average wage.
The average contribution index of the person actually refers to the average of the contribution base ÷ the average salary of the previous year. Generally, it is between 0.6~3, it may be between 0.4~0.6, and in a few cases it will be lower or higher.
Most people pay 60% of the base for one year and receive 0.8% of the average salary of the previous year of retirement. But the increase in pensions is not proportional. The actual situation is that for every 20% increase in the payment grade, the basic pension will increase by 0.1% of the average salary.
Third, the pension part of the personal account.
The personal account pension is equal to the balance of the personal account of the pension insurance ÷ the number of months determined by the retirement age.
Since the balance of the personal account is recorded according to 8% of the payment base, the personal account pension is completely proportional to the payment grade, and the personal account pension generated by the payment of 300% grade will be 5 times that of 60%. However, the situation is also complicated by the large differences in the contribution base of each year and the difference in the accounting interest rate.
In addition, there is also the number of months of retirement age, for example, 50 years old is 195 months, 55 years old is 170 months, 60 years old is 139 months.
Conclusion.
Through the analysis of the above pension calculation formula, the pension generated by the insurance payment is only the basic pension + personal account pension.
Among them, the basic pension part, because it is not friendly to the personnel with higher payment grades, the cost performance of paying according to the lowest grade is the highest. However, due to the role of overpayment of basic pension, according to the high-grade payment actually has a certain effect. Coupled with the role of personal account pension, if the personal income is higher, in order to pursue a higher pension, it is also necessary to pay according to the high grade.
The above is the calculation formula of the pension, welcome to pay attention to the warm heart, and share more social security financial knowledge with you. #头条创作挑战赛##养老金计算#