1. Calculate the monthly payment index: take the employee’s monthly payment salary from the time he joins the work to the time of retirement, divided by the average monthly salary of the city’s employees in the current year.

2. Calculate the average payment index: Add the monthly payment index of the employee’s payment years from the time he joins the job to the time of retirement, and divide it by the number of months of his payment years to obtain the average payment index.

3. Calculate the indexed average monthly contribution salary: Multiply the average contribution index by the average monthly salary of employees in the city in the previous year at the time of retirement to obtain the indexed average monthly contribution salary.

Personal pension amount = old-age pension + labor pension + personal pension. Monthly old-age pension = average monthly salary of local employees in the previous year × [age subsidy rate × (personal age - 65) + labor subsidy rate × accumulated personal contributions

Years] Monthly labor pension = local average monthly salary of employees in the previous year

) ÷ 12 Retirees’ salary increase in 2020 Notes ① The above calculation method is the same as the "Comprehensive Plan Design of China's Basic Pension Insurance System", only the parameters have been modified (research and adjust the correlation and continuity of the data, because there is no isolated data

meaningful).

The age subsidy rate for the old-age pension is 0.25% (for example, the age subsidy rate that decreases year by year can be used to adjust the relationship between the deemed payment period and the payment period and to solve the transitional pension issue of whether there are individual contributions to the basic pension insurance).

The labor subsidy rate is equal to 50% of the labor pension percentage (example).

The amount of labor pension depends on the individual’s cumulative contribution years.

The labor pension percentage can take a value of 1.0% or 1.2% or 1.4% (for example). The 1.0% value means that most retirees will reduce the current pension level, and the 1.4% value means that most retirees will increase the current pension level.

But the result is fair. If there is more, everyone will get more, if there is less, everyone will get less. It should be suitable for the country's economic development, and it can effectively control the size of the pension gap.

The amount of personal pension depends on the amount of basic pension insurance premiums paid by the individual. The amount of personal account deposits is the portion of personal contributions, just like bank savings.

Since individual contributions only became available after the reform of the pension insurance system, what was not available before can be adjusted through the age subsidy rate.

110% (for example) of the personal account savings when an individual retires is the added value.

In the formula: 65 is the old age; 76 is the life expectancy of the population; 12 is the twelve months in a year.

② If the original personal pension value is less than the calculated value, the personal pension amount will be calculated based on the calculated value; if the original personal pension value is greater than the calculated value, the personal pension amount will be calculated based on the calculated value + (original personal pension value - calculated value)/2

The pension amount is a method of "raising the low and controlling the high" under the current situation, and the long-term purpose is to accelerate the pace of comprehensive and deepening reform of the basic pension insurance.

③The monthly old-age pension is related to age and length of service; the labor pension means that the longer you participate in social work, the more labor pension you will get; the shorter the time you participate in social work, the less the labor pension will be; the personal pension is "the more you pay, the more you get"

, "pay less and get less".

Legal basis: "Social Insurance Law of the People's Republic of China" Article 11 Basic pension insurance implements a combination of social pooling and personal accounts.

The basic pension insurance fund is composed of employer and individual contributions as well as government subsidies.

Article 12 The employer shall pay basic pension insurance premiums in proportion to the total wages of its employees stipulated by the state and record them into the basic pension insurance overall fund.

Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations and record them separately in the basic pension insurance pooling fund

and personal accounts.

Article 13 Before employees of state-owned enterprises and public institutions participate in basic pension insurance, the basic pension insurance premiums that should be paid during the deemed payment period shall be borne by the government.

When there is insufficient payment from the basic pension insurance fund, the government will provide subsidies.