In Bozhou, Anhui, if the social security base is 7,600, the amount one can receive is calculated based on multiple factors. The pension mainly consists of basic pension, individual account pension, and in some cases, transitional pension. Here's a breakdown:
- Basic Pension: The formula is . If we assume the pension calculation base is a certain value (usually related to the local average wage), and the average payment index is affected by your contribution situation. For example, if the average payment index is 1 and the payment years are 30 years, and if the pension calculation base is close to the social security base of 7,600 (for simplicity, assume it is 7,600 here), then Basic Pension=Pension Calculation Base×(+Average Payment Index)÷×Payment Years×1%yuan. However, in reality, the pension calculation base may be different and needs to be determined according to local regulations.Basic Pension=×(+)÷××1%=
- Individual Account Pension: The formula is . The balance of the individual pension account is accumulated through your contributions over the years. If you contribute at a base of 7,600, and assume your individual contribution rate for pension is 8% (as per regulations), then the monthly contribution to the individual account is Individual Account Pension=Balance of Individual Pension Account÷Calculation Monthsyuan. Over a certain number of years, the balance in the account will increase. The calculation months are related to the retirement age. For example, if you retire at 60 years old, the calculation months are 139 months.×8%=
- Transitional Pension: This part is more complex and is mainly for those with a certain length of service before the establishment of the individual account system. The calculation is related to factors such as the pension calculation base, the number of years of contribution before the establishment of the individual account, and the average contribution index during that period. The formula varies by region, but generally, .Transitional Pension=Pension Calculation Base×Contribution Index×Years of Service before Individual Account Establishment×A certain coefficient
It should be noted that the above calculations are for reference only. The actual amount of pension you can receive is affected by many factors, including the exact pension calculation base in Bozhou, your actual contribution years, contribution index, and retirement age. To accurately calculate your pension, it is recommended to consult the local social security department or use the official pension calculation tools provided by the local government.