The ratio of the indexed annual payment base to the local average monthly salary in the previous year.
Add it all up and average it.
The indexed monthly average wage is the value obtained above multiplied by the local average monthly wage at retirement.
For example, in 2000, the local monthly average was 1000, and in 2006, it was 5438+0. Your monthly payment base was 2000, so the index of that year was 2. If this continues, the index will be 2 every year, and when you finally retire, the average index will be 2.
Then my indexed monthly average payment salary is
2* Average local monthly salary at the time of retirement.
Number of months corresponding to my retirement age
The country has a statistic, the average life expectancy of people (different for men and women).
For example, the average life expectancy of men is 80 years old and the retirement age is 60 years old.
So usually a man's retirement must be a pension of 20* 12=240 months.
The money in the personal account has to be collected in 240 months in order to figure out how much money to pay back each month.
But personal accounts still have interest.
So according to the annual interest and the length of 240 months, you will get a month.
Personal account/calculation months is the money you can get from your personal account every month, which guarantees your airspace for 240 months.
If you live long, the social security bureau will take money from the overall fund to supplement it.
Ways of financing through pension:
In practice, the ways of raising pensions formulated by enterprises can be divided into two ways: funded retirement and unfunded retirement.
I. Retirement measures for deposit funds
Enterprises withdraw retirement funds and hand them over to independent trust institutions, such as banks or insurance companies for safekeeping and use. When employees retire, the trust pays the pension from the retirement fund. If an enterprise fails to fully fulfill its obligation to pay pensions, it may not withdraw pension funds.
Two. Retirement measures for non-deposit funds
If the enterprise fails to withdraw the pension fund and deliver it to the trust institution for safekeeping and use, or if the enterprise withdraws the pension fund but delivers it to the trust institution for safekeeping and use, when the employee retires, the enterprise will raise funds by itself to pay the pension. Compared with the retirement method of deposit fund, this method lacks the protection of employees' pension.