How to calculate social security pension?
How to calculate social security pension? Basic pension=(the average monthly salary of local employees in the previous year when the insured retired+the average monthly contribution salary of the insured) ÷ 2 × the accumulated contribution years of individuals × 1% the average monthly contribution salary of the insured=the average monthly salary of employees in the whole province in the previous year when the insured retired × the average contribution salary index of the insured=(al/Al+a2/A2+......+an/An) ÷ N In the formula, Al, a2...... An refer to the salary paid by the insured person for 1 year, 2 years...... N years before retirement; Al, A2...... An are the average wages of employees in the whole province one year, two years...... N years before retirement; N is the number of years for the enterprise and employees to actually pay basic endowment insurance premiums. 2. Personal account pension: The monthly standard of personal account pension is the amount of personal account savings divided by the number of months of payment. In fact, your personal account is the sum of the principal and interest deducted each month when you go to work. If you are a flexible employee or an individual business, it is 40% of your personal payment. The number of months to be paid is 195 for retirement at 50, 170 for retirement at 55, and 139 for retirement at 60. Do you understand this explanation?
