Basic pension: It is mainly determined according to the local average salary level and the number of years of individual contributions.
Personal account pension: calculated cumulatively according to the individual contribution base and payment ratio.
Taking the average salary of a city of 8,000 yuan, the individual payment period of 30 years, and the payment base of 100% of workers as an example, we can roughly estimate their pension level in 2024.
Basic pension part: Assuming that the calculation and payment ratio of the city's basic pension is 15%, then the basic pension is 8,000 yuan for 30 years 15% = 3600 yuan per month.
Personal account pension part: Assuming that the personal contribution ratio is 8%, then the cumulative amount of personal account in 30 years is 8,000 yuan 8% 12 months 30 years = 230,400 yuan. Assuming that the number of months of personal account pension is 180 months (that is, 15 years), then the personal account pension is 230,400 yuan 180 months = 1,280 yuan per month.
There is also a bridging pension.
Therefore, the total monthly pension of the worker in 2024 is: basic pension of 3,600 yuan + personal account pension of 1,280 yuan + transitional pension, and the total pension is not less than 4,880 yuan per month.
In China, the planning and management of pensions are regulated by the Social Insurance Law of the People's Republic of China and other relevant laws and regulations. These laws and regulations stipulate the basic principles of pension insurance, the payment system, and the calculation and payment of benefits, and provide legal protection for workers. At the same time, local governments will also formulate specific implementation rules and regulations according to the actual situation.