In 2024, another group of people will be retiring. How much pension can I get each month after retirement? This is a question that many people are concerned about. The amount of pension is related to factors such as our length of service, payment grade, and location. So, if we have worked for 41 years, 80% of the payment grade, and retire in an economically developed area, can we get a pension of 7,000 yuan? Next, let's analyze it.
First of all, we need to know the formula for calculating pensions. The pension consists of three parts: the basic pension, the personal account pension and the transitional pension. The basic pension is calculated based on our average contributory salary, average social wage and number of years of contributions. The personal account pension is calculated based on our personal account balance and the number of months of accrual. The transitional pension is a supplement to some special circumstances, such as the deemed payment period, the adjustment of the payment grade, etc.
The specific calculation formula is as follows:
Basic pension = (average social wage + average contribution wage) 2 1% of the number of years of contribution
Personal account pension = personal account balance Number of months of accrual.
Transitional pension = average social wage, average contribution index, deemed contribution period, transitional coefficient.
Among them, the average social wage refers to the average monthly wage of on-the-job workers in the province in the year before our retirement, which is also called the pension calculation base. The average contributory wage refers to the average of the annual contributory wages during our contribution period, also known as the indexed average monthly contributory wages. The average contribution index refers to the average of the payment brackets over the years in which we have paid contributions. The number of months is the number of months from normal retirement to the average age of death in society, which is generally 139 months for men and 195 months for women. The deemed payment period refers to the payment period before the establishment of the personal account system or the payment period for job transfer. The transition coefficient is a fixed value, generally 12%。
With the formula, we can calculate our pension according to our specific situation. Suppose we retire in Shanghai, the pension base in Shanghai is 12,183 yuan, our average contribution salary is 10,000 yuan, and our average contribution index is 08. Our payment period is 41 years, and our personal account balance is 200,000 yuan, and we are not regarded as the payment period, so what is our pension?
We can follow the formula:
Basic pension = (12183 + 10000) 2 41 1% = 4537 yuan.
Personal account pension = 200,000 139 = 1439 yuan.
Transitional pension = 0
Then, our pension is 4537 + 1439 = 5976 yuan.
As can be seen from the above examples, our pension is related to many factors, such as the average social wage, the average contribution wage, the average contribution index, the number of years of payment, the balance of personal accounts, etc. Some of these factors are something we can control, and some are something we can't. We can increase our pension levels by:
Increase the average contributory wage. The average contributory wage is the average of the previous years of contributory wages during our contribution period, that is, the higher our annual contributory salary, the higher our average contributory salary, and the higher our basic pension. We can increase our average contribution salary by increasing our income level, choosing the right payment level, and trying to pay higher pension insurance.
Increase the number of years of payment. The contribution period is the number of years we participate in the pension insurance, that is, the longer we pay, the longer our contribution period, and the higher our basic pension and personal account pension. We can increase our contribution period by participating in pension insurance as soon as possible, delaying retirement, and paying supplementary contributions.
Increase the balance of your personal account. The personal account balance is the cumulative amount of pension insurance that we have paid ourselves, that is, the more we pay, the more our personal account balance, and the higher our personal account pension. We can increase our personal account balance by increasing our own payment level, paying back payment, transferring accounts, etc.
Choose the right retirement area. The retirement area is the province where we retire, that is, the place where we retire is different, our average social salary is different, our pension calculation base is different, and our basic pension and transitional pension are different. We can improve our pension level by choosing a region with a developed economy and a high pension base to retire.
To sum up, we can see that if we have worked for 41 years, 80% of the payment grade, and retire in an economically developed area, our pension is likely to reach 7,000 yuan, but it also depends on our specific situation, such as our average contribution salary, personal account balance, etc. If we retire in an area with an underdeveloped economy and a low pension base, our pension may only be more than 4,000 yuan. Therefore, we should reasonably plan our pension insurance according to our actual situation, and strive to get a higher pension to make our old age happier.