"Newcomers" who started to work from 1993+ 1 and have accumulated payment years of 15 can receive basic pensions on a monthly basis after retirement. Their basic pension consists of basic pension and personal account pension. 1The "middle-aged" who joined the work before the end of 992 and accumulated the payment years (including deemed payment years) to 15 can receive the basic pension on a monthly basis after retirement. Basic pension consists of basic pension, personal account pension and transitional pension. The monthly standard of basic pension is based on the average monthly salary of employees in this city and my indexed monthly salary in the previous year, and the payment is paid to 1% every full year. The calculation formula of basic pension is: basic pension = (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+average monthly payment salary of himself) ÷2×( 1%× payment period), where average monthly payment salary of himself = 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 × average monthly payment salary index of himself (when calculating the average monthly payment salary index of himself, It is deemed that) my average monthly payment wage index = (z 1+z2++zm-1+zm+1× n) ÷ NZ1,Z2Zm-65438+ monthly payment wage index is based on the monthly payment wage base of the insured before retirement. Before the end of 20 10, the monthly payment wage index of the insured person is calculated by 1. N is the number of months that the insured regards as the payment period. The monthly payment wage index, which is regarded as the payment period, is calculated in accordance with 1. N is the number of months of the insured's accumulated payment period (including the number of months deemed as payment period). The calculation and payment of personal account pension shall be carried out in accordance with the provisions of document No.27 (2007) of the State Council, that is, the monthly standard of personal account pension is the amount of personal account storage (in which the amount of "middleman" personal account storage does not include the amount of "false account record" and its interest) divided by the number of months of calculation and payment stipulated by the state. When the insured applies for the basic pension, he shall calculate the personal account pension according to the number of months corresponding to his one-year-old age. If the retirement age of the insured is between 40 and 70 years old, the number of months to be counted shall be determined according to the provisions of the new national measures; If the retirement age of the insured is less than 40 years old, the personal account pension shall be calculated according to the number of months corresponding to 40 years old; If the retirement age of the insured exceeds 70 years old, the personal account pension shall be calculated according to the number of months corresponding to 70 years old. The calculation and payment of "middle-aged" transitional pension shall be carried out in accordance with the provisions of document No.27 (2007), that is, the monthly standard of transitional pension is the amount of "false account entry" and its interest divided by 120. Please consult the social security department for details.