The calculation method of personal pension is as follows: Personal pension = basic pension + personal account pension + transitional pension. Basic pension = (average salary of local employees in the previous year + my indexed average contribution salary) / 2 × payment period ×

1% individual indexed average contribution wage = local average salary of employees in the previous year × individual average contribution index. The individual average contribution index is the average of the contribution wage index of contributors over the years. Contribution wage index = individual contribution wage base ÷ social average wage.

Personal account pension = personal account storage amount / number of payment months. The personal account storage amount is the amount accumulated from the personal pension paid by the insured every year. It can be inquired through social security card or Alipay.

The number of months is determined based on the retirement age and the average life span of the population at that time, which is generally (average life span of the population - retirement age) × 12.

Transitional pension = local average monthly income at retirement × deemed contribution index × deemed contribution years × transition coefficient Transitional pension was established to make up for the part of the working years that did not participate in basic pension insurance before 1992.

The deemed payment index is determined based on the occupation, position, technical level, etc. of the insured person, and is generally between 1.0-1.5.

The deemed payment period refers to the working years before 1992.

The transition coefficient is determined based on the local economic development level and fiscal affordability, and is generally between 1% and 1.5%.

Hope the above information is helpful to you.