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How much pension can I get after retirement? How is retirement pension calculated

Pension is the basic guarantee for retirees. Many people want to know how much pension they can get after retirement, but they don't know how to calculate it. How much pension can I get after retirement? How is retirement pension calculated? Let's have a look.

Before we calculate the pension, we should first judge whether we belong to a new person or a middle person, because different types of people have different pension benefits.

"New person" refers to the insured person who took part in the work after the implementation of Document No. 26 of 1997. Their pension consists of basic pension and individual account pension.

Among them, the basic pension is based on the average monthly wages of local employees in the previous year and their indexed monthly average payment wages, and 1% of the payment is paid every year.

Basic pension = (average monthly salary of local urban employees in the previous year at the time of retirement + average monthly salary of local urban employees in the previous year at the time of retirement & times; average payment index) & divide; 2 & times; endowment insurance payment period & times; 1%

Personal account pension = personal account savings & divide; number of months. Among them, the number of months is determined according to the average life expectancy of urban population, retirement age, interest and other factors. At present, retirement at the age of 60 is 139 months, retirement at the age of 55 is 170 months, and retirement at the age of 50 is 195 months.

In addition to the basic pension and individual account pension, the pension of Zhongren (refers to the insured who worked before the implementation of GF [1997] No. 26 and retired after the implementation of GF [2005] No. 38) also has transitional pension.

If you want to calculate the pension, you need to wait until after retirement to determine your final insurance payment data. Therefore, the final result should be subject to the Social Security Bureau. Some local social security departments have developed pension calculators. You can also use this tool to estimate.