In Huangshan, Anhui, the amount of social security benefits one can receive with a base of 14,200 yuan is calculated based on multiple factors. The pension is mainly composed of the basic pension and the individual account pension, and the specific amount is affected by factors such as the length of contribution and the average contribution index. Here's a breakdown:
- Calculation of the basic pension: The formula for calculating the basic pension is . In Huangshan, if we assume the average monthly wage of on - the - job employees in the province in the previous year is (Average monthly wage of on - the - job employees in the province in the previous year+My indexed average monthly contribution wage)÷×Contribution years×1%(for example, in 2024, the relevant data may be different in different years), and your average contribution index is A(your contribution base of 14,200 yuan is related to the average wage of the whole province to calculate the contribution index), and the contribution years is x. Your indexed average monthly contribution wage is n. So the basic pension A×x. For example, if =(A+A×x)÷×n×1%=A(+x)nyuan (a hypothetical value), and assume you have contributed for 30 years, and if A=(because x=), then the basic pension ÷≈yuan.=×(+)×=
- Calculation of the individual account pension: The formula for calculating the individual account pension is . The individual account balance is accumulated by the part of your contribution that goes into the individual account over the years. Generally, for enterprise employees, 8% of the contribution base goes into the individual account. If you contribute with a base of 14,200 yuan per month, 14200×8% = 1136 yuan goes into the individual account per month. Suppose you have contributed for Individual account balance÷计发月数months until retirement, then the individual account balance is myuan. The 计发 month number is related to the retirement age. For example, if you retire at 60 years old, the 计发 month number is 139. So the individual account pension ×m. If you have contributed for 30 years (=×mmonths), the individual account balance is m=×=yuan, and the individual account pension ×=yuan.=≈
- Total pension: The total pension = basic pension + individual account pension. Continuing with the above example, the total pension is approximately yuan.+=
It should be noted that the above calculations are only for reference. The actual amount of social security benefits is affected by many factors such as the actual average wage of the whole province, the specific contribution years, and possible policy adjustments. It is recommended to consult the local social security department for the most accurate information.