Subjectivity of law:

Enterprise retirement pension is different from basic old-age insurance pension, and enterprise retirement pension has two parts: transitional pension and transitional adjustment fund. 1. What is the calculation formula of enterprise retirement pension? Enterprise retirement pension is mainly composed of basic pension, personal account pension, transitional pension and transitional adjustment fund: 1. Monthly standard of basic pension, based on the average monthly salary of local employees in the previous year and the average monthly salary of my own indexation, the payment will be paid to 1% every full year. The calculation formula is: basic pension = (when the insured retires, the average monthly salary of local employees in the previous year+the average monthly payment salary of the insured) ÷2× payment period ×1%2. The monthly standard of personal account pension is the amount stored in personal account divided by the number of months. The calculation formula is: personal account pension = the accumulated amount of personal account when the insured retires ÷ the number of months of payment. 3. The monthly standard of transitional pension is based on my indexed monthly average payment salary, and the payment period before "unified account combination" is paid to 1.2% every year. The calculation formula is: transitional pension = my indexed monthly average payment salary × the payment period before the combination of unified accounts × 1.2%. 4. The transitional adjustment fund is based on the current local standards, and those who retire from 26 to 214 will be paid according to a certain proportion. If you retire in 215 or later, no transitional adjustment will be issued. 5. My indexed monthly average payment salary = the average monthly salary of employees in the whole province last year when the insured retires × my average payment salary index. Second, how to pay the enterprise pension insurance 1. Get the social insurance registration form, fill in the columns in the form and affix the official seal. 2. Provide a copy of the valid business license, local tax registration certificate, enterprise code certificate and legal person identity of the unit. 3. Fill in the insured personnel of this unit accurately according to the requirements of each column in the list of changes in on-the-job employees. (in duplicate). 4. Proportion of old-age insurance: From January 24, the proportion of unit contributions of state-owned enterprises, collective enterprises and joint-stock enterprises was lowered from 23% to 22%, and the proportion of individual contributions was raised from 6% to 7%. The total contribution ratio remains unchanged. The contribution ratio of foreign enterprises, private enterprises and units is still 2%, and the individual contribution ratio is raised from 6% to 7%. For migrant workers, the total payment ratio is still 2%. The proportion of individual contributions of individual migrant workers has been raised from 6% to 7%, and the total contribution ratio is still 2%. 5. The payment standard is the total wages of employees (including wages, bonuses and various subsidies). If the wages of employees are lower than the average social wage by 6%, they will be paid according to the actual wages. The maximum payment wage is three times the social wage. 6. According to the information provided by the company, the social security agency will handle the insurance procedures to generate the company number, personal number and accounts receivable and payable. Third, the enterprise pension insurance payment standard pension insurance funds mainly come from the pension insurance fees paid by units and individuals according to the proportion of unit and individual pension insurance contributions. The unit takes the sum of all employees' payment wage bases as the unit payment wage base, and pays 8% of the wages paid by individuals and 2% of the basic old-age insurance premiums by units. According to the law, there are four calculation formulas for enterprise retirement pension, because enterprise retirement pension consists of four parts, and the calculation formula of each part is different. Legal objectivity:

Article 17 of the Social Insurance Law, if an individual who participates in the basic old-age insurance dies due to illness or non-work-related reasons, his survivors can receive funeral subsidies and pensions; Those who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.