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How much can Guangzhou receive in 2019? Detailed calculation method of pension in Guangzhou

In 2019, China will see 15 consecutive increases in Lao Jin. So, how much can Guangzhou pension get this year? How to calculate it? The editor will introduce the detailed calculation method of pension for you.

How to calculate the pension in Guangzhou

The calculation formula is as follows:

(1) Basic pension = (monthly average wage of on-the-job employees of the province last year + monthly average payment wage of my indexation) pide; 2 & times; total payment years & times; 1%

(2) Transitional pension = (monthly average wage of on-the-job employees of the province last year + monthly average payment wage of my indexation) pide; 2 & times; payment period before the establishment of account & times; transition coefficient 1.4% + additional amount in line with the policy

(3) Individual account pension = number of months of calculation and issuance of individual account deposit

(4) Quota subsidy = [reallocation Fund (25 yuan) + subsidy within the overall planning project] & times; deduction proportion

The annual interest of the individual account deposit of retirees is calculated by the monthly accumulation method, and the calculation formula is as follows:

Annual interest = individual account's deposit at the beginning of the year & times; bookkeeping interest rate of the current year - monthly payment amount of the current year & times; bookkeeping interest rate of the current year & times; 1 / 12

Monthly payment amount of this year = & sum; [n monthly payment amount & times; (12-n + 1)]

(n is the serial number of each payment month of the year, and 1 & le; n & le; 12)

The amount of pension depends on the time and amount of purchase. The base of payment is large, the time of payment is long, the pension will be more when retiring, otherwise it will be less.

As the number of contributions of each person in each period is different, the calculation of pension shall be handled according to the principle of 'segmented calculation and comprehensive settlement'.

A. Basic pension = (average monthly wage of on-the-job employees in the province in the previous year + average monthly payment wage of my indexation) pide; 2 & times; payment years & times; 1%.

(monthly payment index: monthly payment wage pide; monthly average wage of on-the-job employees in the province)

(n is the serial number of each payment month of the year, and 1 & le; n & le; 12)

The amount of pension depends on the time and amount of purchase. The base of payment is large, the time of payment is long, the pension will be more when retiring, otherwise it will be less.

As the number of contributions of each person in each period is different, the calculation of pension shall be handled according to the principle of 'segmented calculation and comprehensive settlement'.

A. Basic pension = (average monthly wage of on-the-job employees in the province in the previous year + average monthly payment wage of my indexation) pide; 2 & times; payment years & times; 1%.

(monthly payment index: monthly payment wage pide; monthly average wage of on-the-job employees in the province)