According to the relevant policies, the "newcomers" who started to work from 0993+ 10/0, and have paid their pensions in Shanghai for a total of 15 years, can receive a monthly basic pension after retirement, and their basic pension consists of two parts: basic pension and personal account pension. 1"middle-aged people" who joined the work before the end of 992 and paid a total of 15 years can receive a basic pension on a monthly basis after retirement. Basic pension consists of three parts: basic pension, personal account pension and transitional pension.

For the basic pension in Shanghai, the monthly standard will be based on the average monthly salary of employees in Shanghai in the previous year and my indexed monthly salary, and the payment will be made to 1% every year. The calculation formula is: basic pension = (the average monthly salary of employees in the whole city in the previous year when the insured applies for the basic pension+the average monthly payment salary of himself) ÷2×( 1%× payment period).

My indexed monthly average payment salary in Shanghai = the average monthly salary of employees in the whole city in the previous year when the insured goes through the formalities of applying for basic pension × my monthly average payment salary index (including the payment salary index deemed as the payment period).

The specific formula is: my monthly average wage index = (z1+z2+...+zm-1+zm+1× n) ÷ n 。

Z 1, Z2...Zm- 1, Zm is the monthly payment wage index of the insured.

The monthly payment wage index is calculated according to the monthly payment wage base of the insured before retirement (1 month, February ... M- 1 month, m month) divided by the corresponding average monthly wage of employees in this city in the previous year (the calculation result is reserved to four decimal places).

The monthly payment wage index of the actual payment period of Shanghai pension insured before the end of 20 10 is calculated by 1.

N is the number of months that the insured regards as the payment period. Shanghai pension monthly payment wage index is calculated according to 1

N is the number of months of the insured's accumulated payment period (including the number of months deemed as payment period).