Near retirement, most elderly people are very concerned about how much they can get in their pension. In order to calculate a specific pension, in addition to knowing the average contribution index and personal account balance, it is also necessary to know a variety of factors such as the number of years of contribution, the working hours, and the retirement age.
Look at the basic pension calculation formula of retirees in Shandong Province, which mainly includes three parts: basic pension, personal account pension and transitional pension. The calculation formula of basic pension and personal account pension in each province and city is the same, and the transitional pension calculation formula is implemented according to local regulations.
First, look at the basic pension. If you know that your average contribution index is 1.1, you can calculate the average social salary of the previous year of retirement according to your own contribution years.
In the case of an average contribution index of 1.1, each contribution year can receive 1.05% of the annual average social wage of retirement, and now the average social wage of the previous year of retirement is generally also called the pension calculation base of the current year. In 2020, Shandong Province is 6573 yuan, Guangdong Province is 7860 yuan, most regions of the country are about 6000 to 8000 yuan, and Beijing is as high as 9910 yuan, but this year's pension calculation base has not been announced. It may be related to the promotion of national overall planning of pension insurance.
If the contributory period is 20 years, then you can receive a pension base of 21%.
If the contributory period is 40 years, then 42% of the pension base for the current year can be received. The payment period includes, which is regarded as the same as the payment period and the actual payment period.
Second, personal account pensions are also relatively easy to calculate. The personal account pension is equal to the balance of the personal account of the pension insurance at the time of retirement, divided by the number of months determined by the retirement age.
The number of months is unified nationwide, and the current age of 60 is 139 months, 50 years old is 195 months, and 55 years old is 170 months. According to the 14th Five-Year Plan for the development of human resources and social security, the number of months of personal account issuance of pension insurance in China will also be revised and improved, because the relevant life expectancy is based on the concentration of urban population in 2020, and there are other aspects of the system that need to be revised and improved.
If you retire at the age of 60, the balance of the personal account is 96,000 yuan, and you can receive a personal account pension of 690 yuan per month. Retired at the age of 50, that is, you can receive a personal account pension of 490 yuan per month.
Third, transitional pensions, the calculation is relatively complicated. In fact, the pension treatment generated by our current pension insurance contributions includes two parts: basic pension and personal account pension. Due to the transitional pension, which refers to the previous payment and deemed contribution period of the local personal account pension system, due to the lack of a treatment compensation method for the personal account pension.
In fact, transitional pensions also need to use the average contribution index. According to the transitional pension calculation formula of Shandong Province, if there is a corresponding payment period of one year before the unified account is combined, in the case of an average contribution index of 1.1, you can receive a pension calculation base of 1.43%.
If the pension insurance contribution is 40 years, the transitional pension is calculated for 15 years, and the 60-year-old retirement is retired, the basic pension can receive 42% of the 2021 pension base, and when the transitional pension is added to the 21.45% pension calculation base, the total pension calculation base of 63.45% of the year is received. There is also a personal account pension of 690 yuan.
Assuming that the pension calculation base in 2021 is 6900 yuan, the calculated pension is 5048 yuan. This is a fairly good pension treatment, the payment base is high over the years, coupled with the long payment period, the pension will be relatively high. #众说财经: New opportunities in the era of longevity #