Annuity is generally calculated by dividing the average annual salary of employees in the previous year by 12 as the monthly payment base. The calculation of pension is not calculated by the unit, but by the local social security department. The company only assists the company departments to prepare annuity calculation data and is responsible for transmitting the information of the retirees of the company.
In fact, according to the new method of calculating and distributing the pension and endowment insurance system for retirees, the endowment insurance system has shown a track with only a ten-year transition period. The calculation of transitional annuity still needs to refer to the previous post, rank and technical level, but the basic pension and transitional pension should be calculated according to the average monthly salary of employees for 20 17 years. Specifically, according to the calculation method of 20 14+00 retirees,
"Old-age insurance base" refers to the payment base of old-age insurance premium, which is the base for calculating the proportion of annuity insurance premium payable in the current period. This base is mainly related to my salary base, and the future pension amount has nothing to do with the average social wage. The monthly average of the total wage income of employees in the previous year shall be used as the monthly payment base of this year. The payment base of China's endowment insurance is generally calculated according to the average salary of employees in the previous year.
legal ground
People's Republic of China (PRC) social insurance law
Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for 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.
Twenty-first new rural social endowment insurance benefits are composed of basic pension and personal account pension. Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis.