Five insurances and one gold are the important welfare of workers and play an important role in life, because five insurances and one gold involve not only medical insurance, but also endowment insurance. Endowment insurance can largely guarantee the source of funds for employees after retirement. So what is the calculation method of endowment insurance in Fujian Province? Let me give you a brief introduction.
I. Calculation formula of individual social endowment insurance in Fujian Province
Pension = basic pension+personal account pension
Note: Those who participate in the social pooling of the basic old-age insurance for employees of urban enterprises in this city have reached the retirement age stipulated by the state, and the actual payment period (including deemed payment period, the same below) has reached 15 years, and the basic pension is paid monthly. According to the latest pension calculation method, employees' retirement pension consists of two parts.
Second, the personal account pension calculation formula
Personal account pension = personal account storage divided by the number of months.
Note: The calculated months are determined according to the retirement age and the average life expectancy of the population at that time. The number of months is slightly equal to (average life expectancy-retirement age) multiplied by 12. At present, the age of 50 is 195, the age of 55 is 170, and the age of 60 is 139, which is no longer unified.
Three, the basic pension calculation formula
Basic pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) ÷2× payment period × 1%
= Last year's average monthly salary of employees in the province (1+ my average payment index) divided by 2 times the payment period and then multiplied by 1%.
Example Suppose that when a male employee retires at the age of 60, the average monthly salary of employees in the whole province last year is 4,000 yuan, and the accumulated payment period is 15 years:
When the average individual payment base is 0.6, the basic pension = (4,000 yuan+4,000 yuan multiplied by 0.6) divided by 2 times 15 times 1%=480 yuan;
When the individual average payment base is 1.0, the basic pension = (4,000 yuan+4,000 yuan multiplied by 1.0) divided by 2 times 15 times 1%=600 yuan;
When the average individual payment base is 3.0, the basic pension = (4,000 yuan+4,000 yuan× 3.0) ÷ 2×15×1%=1.200 yuan;
When the cumulative payment period is over 40 years:
When the average individual payment base is 0.6, the basic pension = (4,000 yuan+4,000 yuan× 0.6) ÷ 2× 40×1%=1.280 yuan;
When the individual average payment base is 1.0, the basic pension = (4,000 yuan+4,000 yuan×1.0) ÷ 2× 40×1%=1600 yuan;
When the average individual payment base is 3.0, the basic pension = (4,000 yuan+4,000 yuan× 3.0) ÷ 2× 40×1%= 3,200 yuan.
The average payment index means that you paid according to the base of last year's 1000, when the average social wage was 2000, then your index was 0.5. It is easy to calculate the average of each year, and then you can calculate the pension yourself.
My indexed monthly average payment salary = last year's average monthly salary of employees in the province × my average payment index. It can be seen that under the same payment period, the level of basic pension depends on the average individual payment index, that is, the historical average of the ratio of its actual payment base to the average social wage. The lower limit is 0.6 and the upper limit is 3.
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, he will continue to pay the basic pension according to the original standard, and the personal pension will increase year by year according to the increase of the average monthly salary of employees in society. 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.
Article 11 of the Social Insurance Law, the basic old-age insurance shall combine social pooling with individual accounts.
The basic old-age insurance fund consists of employers, individual contributions and government subsidies.
Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of 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.
After my introduction, I think you already know the calculation method of endowment insurance in Fujian Province. Many people don't know much about the calculation method of endowment insurance. Actually, it's not that hard. As long as you follow the formula I introduced to you, you can know how much pension you can get. China's pension policy is still very reasonable, which can effectively protect the rights and interests of employees after retirement. Everyone still has to pay endowment insurance as much as possible.