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With the acceleration of the pace of China's society, people's expectations for retirement life are becoming more and more urgent. For those who are about to retire, there is no greater concern than the amount of pension.
This article will calculate the approximate amount of pension for you after 39 years of service and retirement in April 2024.
According to China's current pension calculation formula, the amount of pension depends on many factors such as the number of years of individual contributions, the payment base, and the cumulative amount of personal accounts.
Here, we assume that your contribution base is the average salary, and the cumulative amount in your personal account is a certain percentage of the number of years of contribution multiplied by the average salary.
We need to know how many years you have been paying contributions. According to the title, if your length of service is 39 years, then your contribution period should also be 39 years.
We need to know your contribution base. According to data released by the National Bureau of Statistics, the average annual wage of employees in urban non-private units across the country in 2022 was 106837 yuan. We can use this as a reference, assuming that your contribution base is this value.
Then, we need to know the accumulated amount in the personal account. According to China's pension system, the cumulative amount of personal accounts is 8% of the number of years of payment multiplied by the payment base. Then, the cumulative amount in your personal account is 39 years multiplied by 106837 yuan multiplied by 8%, which is 33167296 yuan.
Finally, we need to calculate the basic pension. According to China's pension calculation formula, the basic pension is the average number of years of payment multiplied by the payment base multiplied by 1%. Then, your basic pension is 39 years multiplied by 106837 yuan multiplied by 1%, which is 4175403 yuan.
Based on the above data, we can calculate the approximate amount of your pension as follows: cumulative amount of personal account + basic pension = 33167296 yuan + 41754$03 = 37342799 yuan.
It should be noted that the pension amount calculated here is an approximate value, and the actual amount needs to be determined according to your specific situation and policy adjustments.
In addition, depending on changes in national policies, the calculation method of pensions may also be adjusted.
Therefore, when calculating pensions, it is recommended that you pay attention to relevant policies and consult relevant departments in time to ensure accurate access to pension information.
As you approach retirement, hopefully, this article has provided you with a useful reference. Wishing you a great retirement and a great time!