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How to calculate retirement salary in public institutions

The retirement salary of staff in government agencies and institutions is related to the retirement age.

Because the main factors that affect the level of pensions are: the average local social salary in the previous year of retirement, the level of the payment base, the length of payment years, etc., and are directly proportional to the above factors.

Basic formula: basic pension = average monthly salary of employees in the city in the year before retirement × 20% + personal account principal and interest and ÷120 + adjustment coefficient. The actual calculation and payment formula will be different in different places, and the local policies shall prevail.

1. Retirement benefits for civil servants after retirement are calculated based on a certain proportion of the sum of their pre-retirement salary and grade salary.

Among them, those who have worked for more than 35 years will be paid at the rate of 90%; those who have worked for more than 30 years but less than 35 years will be paid at the rate of 85%; those who have worked for more than 20 years but less than 30 years will be paid at the rate of 80%.

2. Retirement benefits for public institution staff after retirement are calculated based on a certain proportion of the sum of their pre-retirement salary and salary grade.

Among them, those who have worked for more than 35 years will be paid at the rate of 90%; those who have worked for more than 30 years but less than 35 years will be paid at the rate of 85%; those who have worked for more than 20 years but less than 30 years will be paid at the rate of 80%.

3. The retirement benefits for technical workers and ordinary workers in government agencies after retirement are calculated based on the sum of their pre-retirement post wages and technical grade wages, and a certain proportion of their post wages.

Among them, those who have worked for more than 35 years will be paid at the rate of 90%; those who have worked for more than 30 years but less than 35 years will be paid at the rate of 85%; those who have worked for more than 20 years but less than 30 years will be paid at the rate of 80%.