In China, after retirement, people can get retirement wages from the old-age insurance for employees of organs and institutions, urban enterprises, urban residents or new rural old-age insurance. With the increase of social subsidies and per capita income, the retirement wages that retirees can get will change every year, and local government departments will make an announcement. So what are the national regulations on the wages of retired employees in 2019? How to calculate the retirement salary? Let's talk about this article.
Provisions on wages of retired employees in 2019
Those who participate in the social overall planning of the basic old-age insurance for employees of urban enterprises in the city, reach the retirement age stipulated by the state, and the actual payment period (including the deemed payment period, the same below) is more than 15 years, the basic old-age pension shall be paid on a monthly basis.
According to the latest pension calculation method, the pension of employees upon retirement consists of two parts:
Pension = basic pension individual account pension
Individual account pension = individual account savings & pide; Number of months (195 at the age of 50, 170 at the age of 55 and 139 at the age of 60, which is no longer unified as 120) basic pension = (the average monthly salary of on-the-job employees in the province in the previous year and the average monthly payment salary indexed by myself) & pile; 2× Payment years & times; 1% = monthly average salary of on-the-job employees in the province in the previous year (1 personal average payment index) & pide; 2× Payment years & times; 1%
Note: my indexed monthly average payment salary = monthly average salary of on-the-job employees in the province in the previous year & times; My average payment index.
Latest retirement salary calculation method
（1） Conditions for monthly basic pension:
The persons who have participated in the payment of basic old-age insurance, including men over 60 years old, female cadres over 55 years old, female workers over 50 years old, men over 55 years old for special types of work and women over 45 years old, and have participated in work before December 31, 1997. The number of years of paying old-age insurance premiums and the year limit of deemed payment have accumulated for 15 years, and have participated in work after January 1, 1998, The accumulative number of years for paying endowment insurance premiums has reached 15 years; After retirement, they can enjoy basic pension insurance benefits on a monthly basis. If the accumulated payment years are less than the above specified years, they will not enjoy the basic pension treatment on a monthly basis after retirement. The amount stored in his personal account shall be paid to him at one time and the endowment insurance relationship shall be terminated at the same time.
（2） Calculation and payment method of basic pension:
1. For those who have worked since January 1, 1998 and have paid for 15 years, the basic pension consists of basic pension and individual account pension.
2. The insured who has worked before December 31, 1997 and retired after January 1, 1998 and has paid and deemed to have paid for 15 years will receive a basic pension on a monthly basis after retirement.
Basic pension consists of basic pension, individual account pension, comprehensive subsidy and transitional pension:
(1) Basic pension: the average monthly salary of employees in the city in the previous year of retirement is 20%;
(2) Individual account pension: 1 / 120 of the amount stored in my account;
(3) Comprehensive subsidy: 125 yuan;
(4) Transitional pension