Pension calculation formula: pension = basic pension+personal account pension. Br> Basic pension = (average monthly salary of employees in the whole province in last year+average monthly payment salary of myself) ÷2× payment period × 1% = average monthly salary of employees in the whole province in last year (1+ average payment index of myself) ÷2× payment period × 1%.

It can be clearly seen from the formula that the higher the payment period, the more pensions you get. Therefore, it is strongly recommended to continue to pay fees after 15 years.