Personal account pension = personal account storage amount ÷ months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. Calculated months are slightly equal to (average life expectancy-retirement age) X 12. At present, 50 years old is 195, 55 years old is 170, and 60 years old is 139.
Basic pension = (average monthly salary of employees in the whole province in last year+average monthly payment salary indexed by myself) ÷2× payment period × 1% = average monthly salary of employees in the whole province in last year (1+ average payment index by myself) ÷2× payment period × 1%.
In the formula: my indexed monthly average payment salary = the average monthly salary of employees in the whole province in the previous year × my average payment index.
As can be seen from the above formula, under the same payment period, the level of basic pension depends on the average payment index of an individual, that is, the historical average of the ratio of his actual payment base to the average social wage. 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, he will continue to pay the basic pension according to the original standard.
Extended data
Retirees are very concerned about how and when to adjust their pensions. Yesterday morning, the Henan Provincial Department of Human Resources and Social Security released a message, which was approved by the provincial government and reported to Ministry of Human Resources and Social Security and the Ministry of Finance. On July 5, 20 17, Henan Province issued the Notice on Adjusting the Basic Pension for Retirees in 20 17 (hereinafter referred to as the Notice).
Starting from 20 17, the basic pension will be increased for retirees who have gone through retirement procedures before 20 16 12 3 1, and the overall adjustment level will be about 5.5% of the monthly basic pension for retirees in 20 16 years.
The notice requires that the basic pension for retirees in Henan Province be paid before the end of July. The reporter learned that this adjustment adopts a unified adjustment method combining quota adjustment, hook adjustment and appropriate tilt.
Among them, the quota adjustment reflects social equity, and the adjustment standards for all types of retirees in the province are consistent; The adjustment of the hook reflects the incentive mechanism of "getting more for more work, getting more for more work", so that people who get more for more work can get more pensions; Appropriate tilt reflects the key concern, mainly for the care of elderly retirees and other groups.
The quota adjustment means that everyone increases the same quota first. According to the regulations, retirees within the scope of quota adjustment in our province will increase 50 yuan per person per month.
Hook adjustment, enterprise retirees according to the adjustment range of retirees payment period (including deemed payment period, excluding the converted length of service), every full year to increase the 2.4 yuan. If the payment period is less than one year, it shall be calculated as one year. On the basis of the above, the increase will be calculated at 0.5% of the basic pension for enterprise retirees in June 20 16 (the overall project, excluding heating subsidies).
At the same time, the basic pension (overall project, excluding heating subsidy) of retirees from government agencies and institutions increased by 2.8% in February 20 16.
In addition, on the basis of general adjustment, the basic pension of some personnel will be appropriately raised. Among them, senior retirees who reached the age of 65 on February 3, 20 16 will receive a monthly increase in their basic pension according to the following standards: 20 yuan, who reached the age of 65 but was under 70; 25 yuan over 70 years old and under 75 years old;
30 yuan over 75 years old and under 80 years old; 35 yuan over 80 years old and under 85 years old; 50 yuan over 85 years old and under 90 years old; 60 yuan over 90 years old. The age calculation of retirees shall be based on the birth time determined when retirement is approved.
In addition, after the general adjustment and increase of pensions for senior retirees in accordance with the Notice, retirees whose monthly pensions do not reach 1 000 yuan will be added with 20 yuan, but the increase shall not exceed 1 000 yuan.
Enterprise retired demobilized cadres can not reach the average pension level of enterprise retirees in provincial cities and counties (cities) directly under the jurisdiction of the province after adjustment according to the above provisions, and make up the average pension level of enterprise retirees in provincial cities and counties (cities) directly under the jurisdiction of the province.
According to reports, the state has once again arranged to appropriately raise the pension level of retirees in enterprises, institutions and institutions, further embodying the "integration" of the endowment insurance system in institutions and institutions.
It is estimated that there will be more than 3 million retirees from enterprises, 0/10,000 retirees from government agencies and institutions, and more than 4 million retirees from * * *.
Reference: Henan Provincial Social Security Bureau? Interpretation of Dalian's new rural social endowment insurance policy? 、
People's Network? Retirees' pensions in Henan are raised by about 5.5%