Many retired veteran comrades are very concerned about how much pension they can get after retirement. In fact, according to the pension calculation method of the basic old-age insurance for urban workers in China, and then consulting my own participation data on the local social security website, I can roughly calculate my retirement pension.

Pension is calculated according to the following formula

1996 65438+ 10/month 1 and the insured after that.

Pension = basic pension+personal account pension

1996 1 before the insured.

Pension = basic pension+personal account pension+transitional pension

Basic pension = average monthly salary of local employees in the previous year (1+ average payment index) ÷2× payment period × 1%.

In which: my indexed monthly average payment salary = the average monthly salary of local employees in the previous year × my average payment index.

For example, according to the above formula, suppose that when a male employee retires at the age of 60, the average monthly salary of local employees in the previous year is 4,000 yuan.

When the cumulative payment period is 15 years and the average individual payment base is 0.6, the basic pension = (5,000 yuan+5,000 yuan × 0.6) ÷ 2×15×1%= 600 yuan.

When the individual average payment base is 1.0, the basic pension = (5,000 yuan+5,000 yuan×1.0) ÷ 2×15×1%= 750 yuan.

When the average individual payment base is 3.0, the basic pension = (5,000 yuan+5,000 yuan× 3.0) ÷ 2×15×1%=1500 yuan.

If the cumulative payment period is over 40 years,

When the average individual payment base is 0.6, the basic pension = (5,000 yuan+5,000 yuan× 0.6) ÷ 2× 40×1%=1600 yuan.

When the average individual payment base is 1.0, the basic pension =(5000 yuan +5000 yuan ×1.0) ÷ 2× 40×1%= 2000 yuan.

When the average individual payment base is 3.0, the basic pension =(5000 yuan +5000 yuan× 3.0) ÷ 2× 40×1%= 4000 yuan.

Personal pension = basic pension+personal account pension = basic pension+personal account storage139

Personal account pension = the amount of personal account storage at retirement ÷ 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) × 12.

The calculation months are: 50 years old 195 months, 55 years old 170 months, 60 years old 139 months.

For example, if someone retires at the age of 55 and the balance of personal account is 5 1000 yuan, then the personal account pension is

5 1000 Yuan ÷1July = 300 yuan/month.