Calculation formula of employee's retirement salary

I. Calculation formula of employee's retirement salary

1, the calculation formula of employee retirement salary is as follows:

(1)[ Average monthly salary of employees in this city in the previous year at the time of retirement *( 1+ my average salary index) ]/2 * my accumulated payment years (length of service) *1%;

(2) Personal account pension = personal account accumulated amount/months.

2. Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Second, what materials are needed for retirement?

The materials required for employees' retirement include: employees' personal files, ID cards, household registration books, employees' retirement applications, file keeping manuals, endowment insurance manuals and payment receipts over the years, and original materials related to subsidies (such as one-child certificates, academic certificates, professional title certificates, model workers' certificates above the municipal level, etc.). ) and two recent one-inch bareheaded photos of myself.

1. Retirement application (written in A4 white paper with handprint at the name);

2. Copy of the applicant's ID card (original inspection), and copy of the agent's ID card (original inspection) for the agent;

3. Copy of the applicant's household registration (original inspection); (including householder page and personal information page)

4. The original and photocopy of the personal passbook opened by the applicant in the local state-owned bank (bank cards are not accepted);

5. Recent one-inch bareheaded photos (used to apply for the qualification certificate of enjoying the basic old-age insurance benefits);

6, the old-age insurance manual (in the center of a one-time payment of old-age insurance can not be used);

7. Old-age insurance should be paid to the month when retirement is declared;

8, the flow of personnel relations (files) management manual;

9. The applicant shall fill in the employee retirement approval form.

10. For retirees with associate senior titles or above, provide the original and photocopy of the title certificate and approval documents.

1 1. Demobilized cadres should provide the original and photocopy of the transfer certificate and transfer approval form.