The insured who reached retirement age after June 65438+1 October1in 2006, but the individual cumulative payment period is less than 15, will not receive basic pension; Personal account storage amount is paid to me in one lump sum, and at the same time, one-time pension compensation is paid to terminate the basic old-age insurance relationship.
Extended data:
The basic pension is calculated according to the following standards:
1. The monthly standard of basic pension is: based on the average monthly salary of employees in this city in the previous year when the insured retires and the average monthly salary paid by himself, and according to all the payment years of the insured (including deemed payment years, the same below), pay1%every full year;
2. The monthly standard of personal account pension is: the accumulated storage amount of the insured person's personal account divided by the number of months stipulated by the state;
3. The monthly standard of transitional pension is the sum of the monthly transitional pension calculated according to the deemed payment period and the monthly transitional pension calculated according to the actual payment period.
The monthly transitional pension calculated according to the deemed payment period is: based on the average monthly salary of employees in this city in the previous year when the insured retires, it will be paid every year according to the deemed payment period of the insured1%;
The monthly transitional pension calculated according to the actual payment years is: based on the product of the average monthly salary of employees in this city in the previous year when the insured retires and the wage index of his own contribution, 1% is paid to the insured according to the actual payment years before June 30, 998.
References:
Baidu Encyclopedia-Regulations of Beijing Municipality on Basic Endowment Insurance