Basic pension = basic pension, personal account pension and transitional pension:
1, basic pension
Basic pension refers to the pension paid to retirees from the basic old-age insurance pooling fund. The monthly standard of basic pension at retirement is based on the average monthly salary of local employees in the previous year and my indexed monthly salary, and the payment is paid to 1% every1year.
Basic pension = average monthly salary of employees in the overall planning area in the previous year at retirement) /2× payment period ×1%;
2. Personal account pension
Personal account pension refers to the pension calculated according to the personal account storage of basic old-age insurance when the insured retires. Personal account pension = personal account storage amount ÷ months. The calculated number of months does not refer to the number of months that retirees actually receive the basic pension (because it is unpredictable when they retire), but a hypothetical indicator calculated according to factors such as the average life expectancy of urban population.
2. What are the conditions for receiving a pension?
Individuals who participate in the basic old-age insurance can receive the basic old-age pension on a monthly basis if they have paid 15 years when they reach the statutory retirement age. In other words, employees who participate in endowment insurance must meet two conditions before they can receive pensions: first, they must reach the statutory retirement age; Second, the accumulated endowment insurance premium has reached 15 years.
According to the relevant regulations, the legal retirement age of employees in Chinese enterprises is: 60 years for men, 50 years for women employees and 55 years for women cadres. Engaged in underground, high altitude, high temperature, particularly heavy manual labor or other jobs harmful to health (hereinafter referred to as special jobs), the retirement age is 55 years old for men and 45 years old for women; Disabled due to illness or non-work-related, the retirement age is 55 years old for men and 45 years old for women, which is certified by the hospital and confirmed by the labor appraisal committee.
3. What kinds of pensions include?
Pensions in China are mainly divided into two categories: retirement pensions for employees in government institutions and retirement pensions for employees in enterprises. These two systems are generally called "dual-track system" by public opinion. There is a huge difference in treatment between the two, which is a discriminatory system that has lasted for 20 years in China. There are three differences:
1, the overall planning method is different, that is, the enterprise personnel are paid by the unit and the employees themselves according to a certain standard, and the institutions and institutions are funded by the government;
2. Payment channels are different, that is, employees of enterprises are paid by self-raised accounts, and institutions are paid by finance;
3. The standard of enjoyment is different, that is, the pension standard of government agencies and institutions is much higher than that of enterprise retirees, and the gap is about 300%~500%.
To sum up, pensions are collected by retirees, and the specific standards are related to factors such as the average salary of local employees, the accumulated account balance of pensions, and the payment period. Shenyang pension calculation formula includes basic pension and personal account pension. Retirees in Shenyang usually pay a large amount of social security, and if they have a long service life, they will get more pensions after retirement.
Legal basis:
People's Republic of China (PRC) social insurance law
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.
Twenty-third employees should participate in the basic medical insurance for employees, and employers and employees should pay the basic medical insurance premiums in accordance with state regulations.
Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.
Article 35 The employing unit shall pay the work-related injury insurance premium according to the total wages of employees and the rate determined by the social insurance agency.
Forty-fourth employees should participate in unemployment insurance, and employers and employees should pay unemployment insurance premiums in accordance with state regulations.
Fifty-third employees should participate in maternity insurance, the employer should pay maternity insurance premiums in accordance with state regulations, and employees do not pay maternity insurance premiums.
"Regulations on the Administration of Housing Provident Fund" Article 16 The monthly deposit amount of employee housing provident fund is the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.