Basic old-age insurance is an insurance in which employees pay personal and unit contributions during work and are transferred to individual accounts. It is also an important basis for calculating the pension obtained by employees after retirement. China's documents stipulate that the retirement pension is the individual account amount of employees after retirement divided by 120. So how is the teacher's retirement salary calculated?
Indexed monthly average wage refers to the product of the average index of employee contribution wage and the average monthly wage of employees in the previous year. This indicator reflects the average level of payment wages of employees in the whole payment years or several payment years calculated continuously. It is an important indicator for calculating excessive pension. Calculation formula of basic pension
The monthly salary is 4000 yuan, the payment is 10 years, and the basic pension is 770 yuan after retirement. The calculation formula of the basic pension is as follows:
Basic pension = basic pension + personal account pension + transitional pension = monthly average salary of employees in the city one year before retirement & times; 20% (15% if the payment period is less than 15 years) + principal and interest of individual account and & pide; 120 + indexed monthly average payment salary & times; Payment years before the end of 1997 & times; 1.4%。
The retirement treatment of teachers with 30 years of teaching experience is 100% of the file salary. The finance departments (bureaus), state taxation bureaus and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the central government and cities specifically designated in the state plan, and the Finance Bureau of Xinjiang production and construction Corps:
In order to properly solve the problem of teachers' treatment in the process of transferring primary and secondary schools run by state-owned enterprises to local management, further separate the social functions run by enterprises, and create good conditions for accelerating the reform of state-owned enterprises, according to the spirit of the notice of the general office of the State Council on properly solving the problem of retired teachers' treatment in primary and secondary schools run by state-owned enterprises, The relevant income tax policies during the transfer of primary and secondary schools run by state-owned enterprises to local management are hereby notified as follows:
1、 For primary and secondary schools run by enterprises that have been handed over to the local government for management, if their retired teachers still stay in the enterprise, the enterprise shall, in accordance with the relevant provisions of the teachers law, subsidize the basic pension of retired teachers plus non overall projects. If the subsidy is lower than the pension standard for similar personnel in primary and secondary schools run by the government, the difference shall be calculated and paid by the enterprise, and the required expenses shall be allowed to be included in the enterprise expenses, Deducted before income tax.
2、 For the primary and secondary schools run by enterprises that have not been transferred to the local government for management, if the salary of in-service teachers and the basic pension of retired teachers plus the subsidy for non coordinated projects are lower than the standard for similar personnel in government run primary and secondary schools, the enterprise shall calculate and pay according to the standard for similar personnel in government run primary and secondary schools, and the required expenses are allowed to be included in the enterprise expenses and deducted before income tax.