The transitional pension is an important supplement to the pension insurance system and is designed to solve the pension problem of staff who have participated before the implementation of the personal account system. This article will introduce the definition, composition, application conditions and calculation method of transitional pension to help readers better understand this pension system. 
1. Definition of transitional pension
The transitional pension is an additional pension set up at the time of retirement for those who have been working before the implementation of the personal account system. This arrangement is designed to address the pension gap caused by insufficient age of personal accounts.
Second, the composition of transitional pensions
The composition of the transitional pension includes:
1. Basic pension: the basic pension provided for all insured persons.
2. Transitional pension: especially for retirees who participated in the work before the establishment of personal accounts.
3. Personal account: The part paid by the employee and his unit for it belongs to the individual.
3. Application conditions and procedures
Application requirements: usually include age, years of service, and national pension standards, etc.
Necessary documents: proof of identity, proof of work experience, proof of pension, and bank account information.
Application process: Fill in the application form and submit it to the social security department or pension management agency for review.
Fourth, the amount of issuance is calculated
Calculation formula: Transitional pension usually considers the indexed average monthly contribution wage and calculation coefficient, and the specific formula is: transitional pension = indexed average monthly contribution wage r.
Personal account pension: The calculation formula is: personal account pension = personal account savings and the number of months.
As a supplementary pension, the transitional pension is an important financial security for retirees who have been working since before their personal accounts are established. Understanding its definition, application criteria, and how it is calculated is crucial for this segment of the population.