Traditional Culture Encyclopedia - Traditional stories - How is retirement pay calculated?
How is retirement pay calculated?
The calculation of the pension is related to the number of years of participation in the work. 95 years before December 31, the work of the regular workers whose pension consists of three parts: basic pension = basic pension + personal account pension + transitional pension (96 years before the work of the only). 96 years after January 1, the work of their pensions only the first two. \x0d\base pension = the average monthly salary of the non-private sector in the previous year when I retired x (1+individual average contribution index)/2 x years of contribution (including deemed years of contribution, note: years of service on file before 96) × 1%. \x0d\ personal account pension = personal account amount / number of months of accrual (state regulations for age 60 is 139, age 55 is 170, age 50 is 195, age 45 is 216) \x0d\ Transitional pension = the average monthly salary of non-private sector units in the previous year when the person retires X (1 + the average personal contribution index) / 2 × the number of years of deemed contributions before 96 years (file length of service) × 1.2% (coefficient) Provisions vary from place to place generally in 1.2 ~ 1.4%) \x0d\ personal average contribution index = ∑ (Bn/An)/C, where An is the calendar year's social wage, Bn calendar year's personal contribution base, C is the number of years of contributions (including deemed years of contributions), the index of the number of years of deemed years of contributions for 1 (90 years to 95 years when the personal contribution index is higher than 1 according to the actual index).
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