1. Those who participate in the social pooling of the basic old-age insurance for urban enterprise employees in this city have reached the retirement age stipulated by the state, and the actual payment period includes the deemed payment period. /kloc-basic pension will be paid monthly for more than 0/5 years.

2. According to the latest pension calculation method, employee retirement pension consists of two parts: pension = basic pension plus personal account pension; Personal account pension = personal account deposit/calculated months: 50 years old 195, 55 years old 170, 60 years old 139, which is no longer unified as120;

3. Basic pension = average monthly salary of employees in the whole province last year, my indexed monthly average payment salary /2* payment period * 1%= average monthly salary of employees in the whole province last year, my average payment index /2* payment period * 1%.

What conditions must employees have to receive the basic pension on a monthly basis?

1, has reached the statutory retirement age and has gone through retirement procedures;

2, units and individuals to participate in old-age insurance and fulfill the obligation to pay old-age insurance premiums;

3. Personal payment should be at least 15. The payment period in the transition period includes the deemed payment period.

To sum up, the calculation method of pension has not changed frequently, but the average salary of employees in the region last year has basically increased year by year. So after retirement, with the passage of time, we will receive more and more pensions every month. Coupled with the aging population, the pressure on the national pension insurance institutions is still great.

Legal basis:

Article 18 of the Social Insurance Law of People's Republic of China (PRC)

The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.

Article 19

If an individual is employed across the overall planning area, his basic old-age insurance relationship will be transferred with him, and the payment period will be calculated cumulatively. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council. Article 20 The state establishes and improves a new rural social endowment insurance system.