In Anhui Bozhou, if the social security base is 12,300, the amount of pension you can receive is calculated based on several components. The pension generally consists of basic pension, individual account pension, and in some cases, transitional pension. The specific amount depends on factors such as your contribution years and retirement age. Here's a breakdown of how to calculate each part:
1. Basic Pension
The formula for calculating the basic pension in Bozhou is: Basic Pension = Retirement Pension Calculation Base × (1 + Personal Average Contribution Index) ÷ 2 × Contribution Years × 1%.
In 2024, the pension calculation base in Bozhou is 7842 yuan. Assuming your personal average contribution index is 1 (since the contribution base of 12,300 is likely to result in an index close to 1 considering the upper limit regulations, but this needs to be accurately calculated based on local data), and if your contribution years are 15 years (as an example, actual years may vary), then the basic pension calculation would be as follows:
2. Individual Account Pension
The formula for calculating the individual account pension is: Individual Account Pension = Balance of the Pension Individual Account at Retirement ÷ Monthly Payout Factor Determined by Retirement Age.
If we assume that with a contribution base of 12,300, after years of contributions, the balance of your individual account at retirement is 150,000 yuan (this is a made-up number for illustration, actual balance depends on contribution years and interest accumulation), and if you retire at 60 years old (the monthly payout factor for a 60 - year - old retiree is 139), then the individual account pension is calculated as:
3. Transitional Pension (if applicable)
The calculation of the transitional pension is more complex. In most cases, it is related to the pension calculation base, the contribution years before the establishment of the individual account system, the personal average contribution index, and the deemed contribution index. Since the information provided does not clearly indicate whether there is a need to calculate the transitional pension (it mainly depends on your work history and the start time of the individual account system implementation in your area), we cannot provide a specific calculation here. But generally, the formula is: Transitional Pension = Pension Calculation Base × Relevant Coefficient × Contribution Years before the Establishment of the Individual Account System.
In summary, the total pension you can receive is the sum of the basic pension, individual account pension, and transitional pension (if applicable). The above calculations are only examples for reference. The actual pension amount you can receive in Anhui Bozhou with a social security base of 12,300 is affected by many factors such as your specific contribution years, retirement age, and the actual balance of your individual account. It is recommended to consult the local social security department for accurate calculations.