The pension calculation formula is: basic pension plus personal account pension plus transitional pension.

according to the length of service, every year of work in 1 yuan. By analogy, the pension with 1 years' service is 1 yuan. The pension for working for 2 years is 2 yuan, the pension for working for 3 years is 3 yuan, and the pension for working for 4 years is 4 yuan. Regardless of senior workers, intermediate workers, or ordinary workers. Pensions are equal. Civil servants should also be equal regardless of their positions. It's the same as a worker's pension. Completed within three years. The calculation formulas of basic pension and individual account pension are unified throughout the country, and the transitional pension varies from place to place.

the formula for calculating the retirement salary of employees in p>222 is: the basic pension is equal to the sum of the average monthly salary of local employees in the previous year when the insured retires, and the average monthly payment salary of the insured, divided by two, multiplied by the payment period, and then multiplied by one percent.

The specific calculation formula of pension:

1. Pension = basic pension+personal account pension = personal account deposit ÷ number of months.

2. Basic pension = (average monthly salary of employees in the whole province last year+average monthly payment salary indexed by myself) ÷2× payment years× 1% = average monthly salary of employees in the whole province last year (1+ average payment index by myself) ÷2× payment years× 1%

3. Average payment index of individuals is the sum of their actual payment base and average social salary.

4. In short, in the two calculations of pension, the higher the payment base and the longer the payment period, the higher the pension will be.

The calculation formula of personal account pension is as follows:

Personal account pension is equal to the balance of personal account at the time of retirement divided by the calculated number of months determined by retirement age

The calculated number of months determined by retirement age is determined according to the table of calculated months uniformly published by the State Council. There are corresponding counting months from 4 to 7 years old. 4 is 233 months, 5 is 195 months, 55 is 17 months, 6 is 139 months, and 7 is only 56 months.

how is the amount of money in a personal account formed? In fact, we pay the old-age insurance every month, and the amount of money entering the personal account is 8% of the payment base. In the past, there was an 11% stage.

the amount of money in a personal account, and the bookkeeping interest will be calculated every year. Starting from 216, the bookkeeping interest rate of individual accounts for basic old-age insurance will be uniformly announced by the State Council. Prior to this, there was a unified announcement by provinces and overall planning areas. At the lowest time, there was only one-year fixed interest rate. It was 8.31% in 216, 7.12% in 217 and 8.29% in 218.

Personal account pension can't narrow the income distribution gap, but it implements the basic principle of paying more and getting more for a long time.

to sum up, the pension calculation formula is: basic pension plus personal account pension plus transitional pension.

according to the length of service, every year of work in 1 yuan. By analogy, the pension with 1 years' service is 1 yuan. The pension for working for 2 years is 2 yuan, the pension for working for 3 years is 3 yuan, and the pension for working for 4 years is 4 yuan.

Legal basis:

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, 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.

article 15 of the social insurance law of the people's Republic of China * * * the basic pension consists of overall pension and individual account pension.

The basic pension is determined according to the accumulated years of individual contributions, contributions wages, average wages of local employees, personal account amount, average life expectancy of urban population and other factors.

Article 16 Individuals who have participated in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.

individuals who have participated in the basic old-age insurance and have paid less than fifteen years when they reach the statutory retirement age can pay for it until they have reached fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.