#众说财经: New Opportunities in the Age of Longevity #Jiangsu is China's second largest economic province and a major province for retirees, with more than 9.6 million retirees. So, how is the pension of retirees in Jiangsu Province calculated? What is the method of issuing? After 15 years of contribution, how much can I receive from my pension? Thoughts are interpreted in detail through a case.
Pensions include basic pensions and personal account pensions.
According to the "Provisions on basic old-age insurance for employees of enterprises in Jiangsu Province", the basic pension = (the average monthly wage of the insured employees in the previous year at the time of retirement × the minimum payment coefficient + the average monthly payment wage of the indexed monthly payment by the insured) ÷ 2× and the cumulative payment period of the individual ×1%.
Jiangsu's basic pension calculation method, there is a special feature, that is, the introduction of the concept of minimum contribution coefficient, which is different from other provinces of basic pension calculation method.
What is the minimum contribution factor? This is the average of the contribution coefficients for each year from the time of enlistment in work or insurance until retirement, and the contribution coefficient for each year is the ratio of the current year's contribution wage to 60% of the payment base published by the province in the same period, and is taken at less than or equal to 1.
Indexed monthly average contribution wage = average monthly wage of on-the-job workers in the province in the previous year at the time of retirement× average contribution wage index.
The average contribution wage index refers to the average value of the ratio of the amount of salary paid by the person in the current year to the average salary of the on-the-job workers in the province in the current year.
For example, if the paid wage is 4000 yuan and the average wage of the employee is 5000 yuan, then the contribution wage index is 4000 ÷5000 = 0.8, calculate the annual contribution wage index, and then take the average, which is the average payment wage index.
For another example, if you pay for 15 years and pay according to 60% of the annual payment, then the annual contribution wage index is 0.6, the average payment index is 0.6× 15÷15 = 0.6.
Personal account pension = personal account accumulated savings÷ the number of months.
According to the current personal account pension monthly table, retirement at the age of 60 corresponds to 139 months, retirement at the age of 55 corresponds to 170 months, and retirement at the age of 50 corresponds to 195 months.
Let's take a specific real case, this is a retired person in Jiangsu Province, born in October 1971, joined the work in 2004, the payment period is 15 years, the cumulative storage of personal accounts is 48711.93 yuan, just retired in October 2021, how much has the pension received?
According to the pension entitlement approval table, the minimum contribution coefficient is 0.9645 and the average contributory wage index is 0.4773.
Retirement in October 2021 was supposed to be calculated according to the 2021 pension calculation base, that is, the average salary in 2020, but the pension calculation base in 2021 has not yet been announced, so it is temporarily calculated according to the 2020 pension calculation base of 7602 yuan.
Therefore, the basic pension =
(7602×0.9645 + 7602×0.4773) ÷2×15×1% = 822.04 yuan.
The retiree retired at the age of 50, counting months of 195 months.
Personal account pension = 48711.93 ÷ 195 months = 249.8 yuan.
Since he joined the work in 2004, it was after 1995, all of which were actual payment years, and there was no deemed payment period, so there was no transitional pension, but there was an additional amount of 47 yuan, and the pension was a total of 1118.9 yuan.
Some people say that after 15 years of contributions, the pension is only more than 1100 yuan, which is not as high as imagined. On the one hand, it is only because her personal contribution level is relatively low, the pension is more than paying, paying less and paying less, and the personal account amount of 48,000 yuan is relatively low. On the other hand, the current pension is still a temporary pension, and after the 2021 pension calculation base is announced, it will be recalculated and will increase.
Learn more about the pension calculation methods of the province, welcome to pay attention to the thoughts. Welcome to the thumbs up.