In Zhejiang Huzhou, if the social security base is 12,500 yuan, the amount of social security benefits you can receive is calculated based on different components. In general, it mainly includes basic pension, personal account pension, and for some, transitional pension. The specific amount is affected by factors such as contribution years and personal account balance. Here's a breakdown:
- Basic Pension:
- The formula is , where (P+P×A)÷×N×1%is the pension calculation base in Huzhou, Pis the average contribution index, and Ais the contribution years.N
- Suppose the pension calculation base is yuan (the specific value may change according to local regulations and annual adjustments). If the average contribution index is 1 (assuming the contribution base of 12,500 yuan is the same as the relevant average reference value for a long - term period), and the contribution years are Xyears. Then the basic pension N. For example, if =(X+X×)÷×N×1%=X×N×1%yuan (hypothetical value) and X=years, the basic pension N=yuan.=××1%=
- Personal Account Pension:
- The formula is , where S÷Mis the cumulative balance of the personal pension account, and Sis the number of pension calculation months determined by the retirement age.M
- With a contribution base of 12,500 yuan, the monthly contribution to the personal pension account is yuan (assuming the personal contribution ratio for pension insurance is 8%). If the contribution period is ×8%=years (Nmonths), the cumulative balance of the personal account N×yuan.S=×N×
- For example, if retiring at 60 years old (months) and the contribution period is 30 years, M=yuan. Then the personal account pension S=××=yuan.=÷≈2589.93
- Transitional Pension (Applicable to Those with Transitional Pension Eligibility):
- The formula is , where P×B×T×Cis the pension calculation base in the current year, Pis the deemed contribution index, Bis the deemed contribution years, and Tis the transition coefficient.C
- For example, if yuan, P=, B=0.8years, and T=, then the transitional pension C=1.4%yuan.=×0.8××1.4%=
The total pension amount is the sum of the basic pension, personal account pension, and transitional pension (if applicable). It should be noted that the above calculations are for reference only. The actual pension amount is subject to the latest local policies, specific contribution data, and the actual pension calculation base announced by the local social security department.
