Social security pension calculation method

How to calculate social security pension? This is an issue that many netizens are concerned about. Next, the PHP editor will bring you Social Security Retirement Pension Calculation Method. Interested netizens should follow the editor to take a look!

##Social security pension calculation method

1. The calculation of social security pension is based on the insured person’s length of service, payment years, payment base, payment ratio, etc. Determined by many factors.

2. Generally speaking, the longer the payment period, the higher the payment base, and the larger the payment proportion, the higher the social security pension you will receive.

3. The calculation formula of social security pension includes two parts: basic pension and personal account pension.

4. The basic pension is calculated based on the basic pension standards stipulated by the state and the payment years of the insured persons. The longer the payment years and the higher the payment base, the higher the basic pension.

5. Personal account pension is the pension insurance fee paid by each insured person when making payment. It is remitted to the personal account from the social security fund and calculated according to the calculation method prescribed by the state.

6. The amount of personal account pension depends on the individual’s contribution amount, payment period, investment rate of return and other factors.

7. It is worth noting that the calculation standards and amounts of social security pensions may change according to changes in national policies.

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