Basic retirement benefits for public institutions include: basic salary, including position salary and salary grade salary.

Basic pension = (average monthly salary of employees in the province in the previous year + my average monthly contribution salary indexed) / 2 * payment period * 1% = average monthly salary of employees in the province in the previous year (1 + my average contribution index) /

2*payment period*1% 1. The retirement payment for civil servants after retirement is calculated based on a certain proportion of the sum of the post salary and grade salary before retirement.

Among them, those who have worked for 35 years or more are calculated as 90%; those whose working years are more than 30 years but less than 35 years are calculated as 85%; those whose working years are more than 20 years but less than 30 years are calculated as 80%.

2. Retirement benefits for public institution staff after retirement are calculated based on a certain proportion of the sum of their pre-retirement salary and salary grade.

Among them, for those who have worked for 35 years or more, the calculation is based on 90%. For those who have worked for more than 30 years but less than 35 years, the calculation is based on 85%. For those who have worked for more than 20 years but less than 30 years, the calculation is based on 80%.

Basic pension insurance combines social pooling with personal accounts.

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

The basic pension consists of pooled pension and 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.

Legal basis: "Social Insurance Fund Accounting System" Article 25 The basic pension insurance fund expenditures of enterprise employees include pension insurance benefit expenditures, transfer expenditures, subsidies to subordinate expenditures, transfers to superiors, and other expenditures.

Pension insurance benefits include basic pensions, medical subsidies, funeral benefits and pensions, and disability benefits.

Basic pensions include basic pensions, personal account pensions, transitional pensions and pensions, retirement benefits,

Retirement pay and subsidies.

Personal account pensions include monthly personal account pension payments and one-time payments from personal accounts.

One-time disbursements from personal accounts refer to the disbursements of individuals participating in the basic pension insurance for enterprise employees who return the funds in their personal accounts due to death, settling abroad, etc.

Medical subsidies refer to the payment of medical expenses for retired, retired and retired personnel who have been included in the expenditure scope of the basic pension insurance fund for enterprise employees in accordance with regulations.

Funeral subsidies and pensions refer to the funeral subsidies and pensions for survivors after the insured person dies due to illness or non-work-related expenses and has been included in the expenditure scope of the basic pension insurance fund for enterprise employees.

Sickness allowance refers to the basic living allowance paid in accordance with national standards to insured persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the legal retirement age.