With the growing strength of China, policies that benefit people's livelihood are being adjusted every year, such as endowment insurance, social security and medical insurance, and they are increasing every year. Pension plan and payment method of public institutions If the personnel who participate in the social pooling of basic old-age insurance for urban enterprise employees reach the retirement age stipulated by the state and the actual payment period (including deemed payment period, the same below) is over 15 years, the basic pension will be paid monthly. According to the calculation method of pension, employees' retirement pension consists of two parts: pension = basic pension+personal account pension = personal account savings ÷ calculation months (50 years old 195, 55 years old 170, 60 years old 139, No longer unified as 120) basic pension = (average monthly salary of employees in the whole province last year+average monthly payment salary of myself) ÷2× payment As can be seen from the above formula, the level of basic pension depends on the average individual payment index, which is the historical average of the ratio of its actual payment base to the average social salary. The lower limit is 0.6 and the upper limit is 3. Therefore, in the two kinds of calculation of pension, no matter what the situation, the higher the payment base and the longer the payment period, the higher the pension. Pensions are fixed indefinitely. As long as the recipient is alive, he can enjoy a monthly pension. Even if the personal account pension has been used up, it will continue to be paid according to the original standard. Moreover, personal pension will increase year by year with the increase of the average monthly salary of employees in society. Therefore, the longer you live, the more you can get, which is definitely more cost-effective than paying. The above is the introduction of the calculation method of pension in public institutions. As can be seen from the above, the calculation method of public institution pension is similar to that of our ordinary social security pension.

Legal objectivity:

Article 10 of the Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 11

The basic old-age insurance combines social pooling with individual accounts.

The basic old-age insurance fund consists of employers, individual contributions and government subsidies.