The calculation formula of basic pension in Dezhou is: basic pension = accumulated amount of personal account * monthly payment ratio of personal account in current period+monthly standard of basic pension in current period * monthly payment ratio of basic pension in current period. Among them, the accumulation of personal account refers to the accumulation of endowment insurance premiums and government subsidies paid by individuals during their employment; The monthly payment ratio of personal accounts in the current period refers to the monthly payment ratio of individuals in the last year before retirement; The monthly standard of current basic pension refers to the monthly standard of basic pension stipulated by the state in the current period; The monthly payment ratio of current basic pension refers to the sum of the monthly payment ratio of basic pension paid by units and individuals.

Pension processing flow:

1. Employees should submit retirement materials three months before reaching retirement age; At the same time, the employer will bind the employee files and submit them for retirement, and ask customers to submit materials in time to avoid the impact of time constraints on retirement procedures;

2. Please contact the customer service representative to sign the agency contract. According to the situation of the districts and counties where social security belongs, the employer shall provide the list of materials, and the customer shall provide it as required according to his own situation;

3. According to the application, the staff of the employing unit shall go through the liquidation procedures of the old-age insurance at the social security center at the beginning of the month when the employee arrives at the retirement month, and print the Notes on Filling in the Social Insurance Fee Business Report;

4. The staff of the employing unit shall calculate the employee's pension according to the notes to the social insurance business report, fill in the retirement approval form, and go to the labor and social security department for retirement approval within 5 to 20 days of the month when the employee arrives at the retirement place, with the notes to the social insurance business report, retirement application form, employee personnel files and other materials; The labor and social security department shall examine the materials. After the examination and approval, the staff of the employing unit shall go to the social security center to handle the monthly payment of old-age insurance and on-the-job retirement procedures of basic medical insurance with the "Retirement Approval Form" stamped by the labor and social security department;

5. Employees begin to receive pensions in the month after approval. After the month after retirement is approved 10, the employees of the employer will inform the retired employees to collect the retirement approval results from the employer, or they will be handed over by the CIIC customer service representative; The pension will reach the pension account of retired employees around 15 every month.

Legal basis:

Article 13 of the Social Insurance Law of People's Republic of China (PRC)

Before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government.

When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.