Enterprise employee retirement pensions mainly consist of basic pensions, personal account pensions, transitional pensions, and transitional adjustment funds.

(1) According to the latest pension calculation method, the pension of employees upon retirement consists of two parts: pension = basic pension + personal account pension (2) Personal account pension = personal account savings amount ÷ number of calculation months

(The age of 50 is 195, the age of 55 is 170, the age of 60 is 139, it is no longer uniformly 120) (3) Basic pension = (average monthly salary of employees in the province in the previous year + my indexed average monthly contribution salary) ÷

2 × payment period × 1% (4) Enterprise pension insurance = average monthly salary of employees in the province in the previous year (1 + personal average payment index) ÷ 2 × payment period × 1% (5) personal indexed average monthly payment salary =

The factors that affect enterprise pension insurance are the average monthly salary of employees in the province in the previous year

Therefore, the later the retirement time, the greater the pension); [2] The period of personal contribution (the longer the payment term, the greater the pension); [3] The amount of personal account savings (the greater the payment amount, the greater the pension).

Calculation method of urban enterprise pension insurance: basic pension = (average monthly salary of employees in the province in the previous year at the time of retirement, average indexed monthly average contribution salary of each individual)/2 × individual payment years) × 1%.

Legal basis: Article 10 of the "Social Insurance Law of the People's Republic of China" states that employees shall participate in basic pension insurance, and the employer and the employee shall jointly pay the basic pension insurance premiums.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic pension insurance in the employer, and other flexible employment personnel can participate in the basic pension insurance, and the basic pension insurance premiums are paid by individuals.

The measures for pension insurance for civil servants and staff managed with reference to the Civil Servant Law shall be prescribed by the State Council.

Article 11 The basic pension insurance shall be combined with social pooling and personal accounts.

The basic pension insurance fund is composed of employer and individual contributions as well as government subsidies.

Article 12 The employer shall pay basic pension insurance premiums in proportion to the total wages of its employees stipulated by the state and record them into the basic pension insurance overall fund.

Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations and record them separately in the basic pension insurance pooling fund

and personal accounts.

Article 13 Before employees of state-owned enterprises and public institutions participate in basic pension insurance, the basic pension insurance premiums that should be paid during the deemed payment period shall be borne by the government.

When there is insufficient payment from the basic pension insurance fund, the government will provide subsidies.

Article 14 Personal accounts are not allowed to be withdrawn in advance, the accounting interest rate shall not be lower than the bank time deposit interest rate, and interest tax is exempted.

If an individual dies, the balance of his or her personal account can be inherited.

Article 15 The basic pension consists of the overall pension and the personal account pension.

The basic pension is determined based on the individual’s cumulative contribution years, contribution salary, average salary of local employees, personal account amount, average life expectancy of the urban population and other factors.

Article 16 Individuals who participate in the basic pension insurance and have made cumulative contributions for fifteen years when reaching the statutory retirement age shall receive a basic pension on a monthly basis.

Individuals participating in basic pension insurance who have paid less than fifteen years of cumulative contributions when they reach the statutory retirement age can pay for fifteen years and receive basic pensions on a monthly basis; they can also transfer to new rural social pension insurance or urban resident social pension insurance.

, enjoy corresponding pension insurance benefits in accordance with the regulations of the State Council.

Article 17 If an individual participating in the basic pension insurance dies due to illness or non-work-related injuries, his or her surviving family members may receive funeral subsidies and pensions; if an individual becomes disabled due to illness or non-work-related injuries before reaching the legal retirement age, he or she completely loses the ability to work.

Yes, you can receive disability allowance.

The required funds are paid from the basic pension insurance fund.

Article 18 The state establishes a normal adjustment mechanism for basic pensions.

Based on the growth of average wages of employees and rising prices, the level of basic pension insurance benefits will be increased in a timely manner.

Article 19 If an individual is employed across a coordinating area, his or her basic pension insurance relationship will be transferred with the individual, and the years of payment will be calculated cumulatively.

When an individual reaches the statutory retirement age, the basic pension is calculated in segments and paid uniformly.

The specific measures by the State Council.