1. How to calculate the retirement salary in Jiangsu?
If you reach the statutory retirement age and the accumulated payment period is 10 or 15 or above, the basic pension will be calculated and paid according to the following methods: monthly basic pension = basic pension+personal account pension.
Pension calculation method:
1. basic pension = (when retiring, the average monthly salary of employees in the whole province in the previous year is ten times of the average monthly payment salary) /2× the payment period of employees) × 1%.
2. Personal account pension = the amount of personal account storage at retirement/the number of months corresponding to my retirement age. If there is an one-child certificate, the total pension will increase by 5%. 65438+1September 30, 998 or before, there is also a transitional pension.
Second, what is the retirement salary?
Pension plan is a part of the service remuneration paid to employees in one lump sum or in installments after retirement. The retirement measures formulated by enterprises should be conducive to improving the enthusiasm of employees, providing them with a sense of security, social stability and improving the efficiency of enterprises.
Legal basis: official website, Jiangsu Provincial Department of Human Resources and Social Security issued the Notice on Raising the Minimum Standard of Basic Old-age Insurance for Urban and Rural Residents in Jiangsu Province. According to the spirit of the Notice of the People's Bank of China Nanjing Branch, the Provincial Department of Human Resources and Social Security, the Provincial Department of Finance and the Provincial Taxation Bureau on Printing and Distributing the Interim Measures for the Management of the Provincial Overall Fund of the Basic Old-age Insurance for Enterprise Employees in Jiangsu Province (Su Ren She Fa [2020] 1 32), the payment time of the basic pension for enterprise retirees in our province was uniformly adjusted from 2002 1 to1.