There are three factors that affect the amount of pension:

1. When retiring, the average salary of the previous year (the average salary of the province is increasing every year, and the pension is rising year by year. Therefore, the later the retirement time, the more pensions);

2. My payment period (the longer the payment period, the more pension);

3. the amount of personal account (the more payment, the more pension).

calculation formula:

1. basic pension = (the average monthly salary of employees in the whole province in the previous year at the time of retirement, the average monthly payment salary of ten employees)/2 × the number of years of payment) × 1%

2. personal account pension = the amount of personal account storage at the time of retirement/the number of months corresponding to my retirement age

pension = basic pension+personal account pension

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