1. If you work after 1 July 9981,the calculation method: basic pension = basic pension+personal account pension;

2. 1 The insured who joined the work before June 30, 998 meets the requirements of receiving the basic pension on a monthly basis after June 1 year. The calculation method is: basic pension = basic pension+personal account pension+transitional pension1,and basic pension = (average monthly salary of local employees in the previous year when the insured retires+).

3. Personal account pension Personal account pension = the accumulated amount of personal account when the insured retires/months;

4, the employer shall pay the basic old-age insurance premium in accordance with the proportion of the total wages of employees in the unit stipulated by the state, credited to the basic old-age insurance fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

legal ground

Article 12 of the Social Insurance Law of People's Republic of China (PRC)

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.