However, it still depends on the actual situation in the local area. If it usually takes one to six months to make a decision after notifying the adjustment of the pension, the replacement time of the pension should also be determined according to the standard of adjusting the pension.

Second, the factors affecting the pension:

1, payment ratio. Enterprises pay 60% to 300%, and flexible employees pay 60%, 80%, and 100%. The basic principle is to pay more and get more.

2. Term of payment. Needless to say, everyone can think that the longer the payment period, the higher the pension.

3. Social wage level in retirement areas. The higher the social wage, the higher the pension. In fact, this is understandable. After all, where the living standard is high, the consumption is high, and the pension is also increased accordingly to ensure the living standard of the elderly.

4. Transitional pension factor. Those who joined the work before the mid-1990s and did not have a personal account pension will be given an extra transitional pension of about 1.3% every year. This is equivalent to paying one year's old-age insurance according to 1.6 times the social evaluation base. The establishment time of social security personal account is basically the same from 1994 to 1996.

Three. Calculation method of pension:

1. monthly pension = average monthly salary of local employees in the previous year × [age subsidy rate × (individual age -65 years old) labor subsidy rate× individual cumulative payment period]

2. Monthly labor pension = average monthly salary of local employees in the previous year × percentage of labor pension × individual cumulative payment period.

3. Monthly personal pension = 1 10% Personal account at the time of personal retirement ÷(76- actual retirement age) ÷ 12.

Legal basis:

Law on the protection of the rights and interests of the elderly

Article 34 The pension and medical treatment enjoyed by the elderly according to law shall be guaranteed, and the relevant institutions must pay them in full and on time, and shall not deduct, default or misappropriate them.

Fifty-fourth people's governments at all levels and relevant departments should provide timely and convenient conditions for the elderly to receive pensions, settle medical expenses and enjoy other material help.

Article 73 Where the lawful rights and interests of the elderly are infringed, the infringed person or his agent has the right to request the relevant department to handle it, or bring a lawsuit to the people's court according to law.