Legal analysis: According to the latest pension calculation method, the pension for employees when they retire consists of two parts: pension = basic pension+personal account pension. Personal account pension is equal to the amount stored in personal account divided by the number of months (50 years old 195, 55 years old 170, 60 years old 139, which is no longer unified, it is 120). The basic pension is equal to (the average monthly salary of employees in the province last year plus my indexed monthly salary), divided by 2 times the payment period multiplied by 1%, equal to the average monthly salary of employees in the province last year (1 plus my average payment index), divided by 2 times the payment period multiplied by 1%. Note: My indexed monthly average salary is equal to that of the whole province last year. As can be seen from the above formula, under the same payment period, the basic pension depends on the individual's average payment index, that is, the historical average of the ratio of his actual payment base to the average social wage. The lower limit is 0.6 and the upper limit is 3. Therefore, in the calculation of pension, in any case, the higher the payment base and the longer the payment period, the higher the pension.

Legal basis: According to Article 15 of the Social Insurance Law of People's Republic of China (PRC), endowment insurance consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.