How was Jinan’s pension calculated before 1996?

Basic pension = basic pension, personal account pension, transitional pension. According to information from the official website of the Ministry of Social Security of China, Jinan’s pension before 1996 was calculated as basic pension = basic pension, personal account pension, and transitional pension. Those who worked after January 1, 1996 only have the first two pensions, that is, basic pension = basic pension + personal account pension. Therefore, before Jinan 1996, basic pension = basic pension, personal account pension, and transitional pension. Basic pension refers to the pension paid to retirees from the basic pension insurance pooling fund.

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