Many old comrades want to roughly estimate their pensions when they are close to retirement. But the pension calculation formula is still very complicated, involving three major parts, many different concepts. And the background is different in different places, and the pension is different.
A netizen asked, he is retired in 2021, the length of service is 42 years, and now the pension insurance personal account has a balance of 140,000 yuan, I don't know if the retirement pension can receive 5,000 yuan?
The pension calculation formula was determined by Guo Fa No. 38 document in 2005, and at present, it mainly includes three parts: basic pension, personal account pension and transitional pension.
The calculation formula for the basic pension and the pension for personal accounts was determined in 2005 to be unified nationwide. However, the transitional pension calculation formula is not the same in various provinces and cities. Transitional pension generally refers to the previous payment period of the local pension insurance system that combined the overall account and the individual account from 1992 to 1997, and the lack of a treatment compensation for the personal account pension is missing. Therefore, we want to know the results of the pension, first of all, we must clarify which province and city is retired, and find out the local transitional pension calculation formula.
Then, let's look at the basic pension calculation formula. The basic pension is equal to the average social wage × (1 + my average contribution index) in the previous year of retirement÷ 2× the number of years of contribution multiplied by 1%. The average social salary of the previous year of retirement is now generally called the pension calculation base. Each province and city is also unified, and everywhere is different. In 2020, the pension base of Hebei Province for that year was 6291 yuan, Shandong Province was 6573 yuan, Guangdong Province was 7860 yuan, Beijing Was 9910 yuan, Jiangsu Province was 7602 yuan, Dalian City in Liaoning Province was 7679 yuan, Shenyang City was 7195 yuan, and other regions were 6057 yuan. My average contribution index, in fact, is equal to the average of the payment index for calculating the years of the payment index. The contribution index is equal to the payment base of the current year÷ the average social wage of the previous year in the year of contribution.
Personal account pension, equal to the balance of the pension insurance personal account at the time of retirement divided by the number of months determined by the retirement age, before 2016, our pension insurance personal account account accounting interest rate is formulated and announced by the provincial and municipal human resources and social security departments. Therefore, to calculate the pension, it is really necessary to first clarify where the insured belongs.
Retired service of 42 years, personal account balance of 140,000 yuan, but also need to be completed.
For example, the average payment index, the balance of the individual account can also reflect our past payment level. The balance of personal accounts is 140,000 yuan, which is actually quite a lot. In Shandong Province, the average payment index is almost equivalent to 1.5 times.
With an average contribution index of 1.5 for 42 years of service, 52.5% of the pension calculation base for the year of retirement can be received. Assuming that the pension base in Shandong Province in 2021 is 7000 yuan, the basic pension can receive 3675 yuan.
The balance of the pension insurance personal account is 140,000 yuan, and the number of months of pension payment for retirement at the age of 60 is 139 months, so that you can also receive a personal account pension of about 1,000 yuan per month. After all, 42 years of service is unlikely to be 50 or 55 years old retirement. It may be a senior expert who will retire until the age of 65, but let's calculate it according to the retirement of 60.
Transitional pension, assuming a 15-year calculation period, the average payment index is 1.5, the transition coefficient of Shandong Province is 1.3%, and the retirement can receive 29.25% of the pension calculation base, and the result is 2047.5 yuan.
The three parts are added together, and the result is more than 6700 yuan.
In general, the basic principle of our pension insurance treatment is always to pay more and get more, and pay more for a long time. As long as the payment period is long and the payment base is high, the pension is really not low. After retirement, the pension will increase year by year, and I believe that it will soon exceed 7,000 yuan.