my country's basic pension insurance is divided into basic pension insurance for employees and basic pension insurance for residents. Both have their own personal accounts, and the pension received after retirement is closely related to the amount of savings in the personal account.

For example, the deposit amount of the personal account of the basic pension insurance for employees mainly consists of the pension insurance premiums paid by individuals over the years and related interest. The deposit amount of the personal account of basic pension insurance for residents mainly consists of the pension insurance premiums paid by individuals over the years, financial subsidies from local governments,

Composed of collective subsidies and related interest.

On June 26, 1991, the State Council issued the "Decision on the Reform of the Pension Insurance System for Enterprise Employees" and stipulated that the basic pension insurance premiums paid by enterprises and individual employees should be transferred to the "Special Pension Insurance Fund Account" opened by the social insurance management agency in the bank.

, implement a system of special storage and special funds.

On March 17, 1995, the State Council once again issued the "Notice on Deepening the Reform of the Enterprise Pension Insurance System" and stipulated that in accordance with the principle of combining social pooling and personal accounts, the social security agency shall use the social security number issued by the State Bureau of Technical Supervision.

Or the resident ID card number, a basic pension insurance personal account that remains unchanged for life is established for each person who participates in the basic pension insurance, and the personal account of the pension insurance was born.

The "Notice on Deepening the Reform of the Enterprise Pension Insurance System" also stipulates that interest on the deposit amount of a basic pension insurance personal account shall be calculated based on the "pension fund value preservation rate".

The "pension fund value preservation rate" is determined based on the bank's resident time deposit interest rate and with reference to the average salary growth rate of local employees in the previous year.

On July 16, 1997, the "Decision on Establishing a Unified Basic Pension Insurance System for Enterprise Employees" issued by the State Council stipulated that interest on the amount saved in a personal account shall be calculated annually with reference to the bank deposit interest rate for the same period.

At this point, the accounting interest rate for basic pension insurance personal accounts is generally determined by the people's governments of each province, autonomous region, and municipality directly under the Central Government with reference to bank deposit interest rates for the same period, the average salary growth rate of local employees in the previous year, and the actual income from the operation of pension insurance funds.

announced.

For example, in some areas, the one-year fixed deposit interest rate is only about 1% to 2%, which is very low. Later, after the reform of the accounting method, it was raised to 4% to 5%.

However, as the reform of the pension insurance system for employees of government agencies and institutions continues to advance, on April 26, 2017, the Ministry of Finance issued a notice on the "Measures for Unifying and Standardizing the Bookkeeping Interest Rates for Individual Accounts of Employees' Pension Insurance" and stated that it will unify the agency

The interest rates for personal account accounting of basic pension insurance for employees of public institutions and enterprises are announced by the state every year.

In addition, Article 14 of the "Social Insurance Law" stipulates that personal accounts shall not be withdrawn in advance, the accounting interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted.

At this point, my country's personal account accounting interest rates have experienced a rapid rise. For example, it was 8.31% in 2016, 7.12% in 2017, 8.29% in 2018, 7.61% in 2019, and 6.04% in 2020. And major The interest rate on bank 3-year time deposits is only about 3%.

Therefore, it is more cost-effective to save the money in the bank when participating in pension insurance. Of course, you cannot save not a penny in the bank. After all, everyone has emergencies.

However, the amount of savings in personal pension insurance accounts is not static, and some new funds will be injected every year.

The funds injected into the personal account mainly include three parts: 1. The pension insurance premium paid by the individual in the current year 2. The interest generated by the pension insurance premium paid by the individual in the current year 3. The interest generated by the accumulated personal account savings over the years The specific calculation formula is as follows

: Cumulative deposits in personal accounts as of the end of the current year = Cumulative deposits in personal accounts as of the end of the previous year × (1 + current year’s accounting interest rate) + current year’s transfer amount + current year’s transfer amount interest current year’s transfer amount interest = current year’s monthly accounting accumulation × current year’s accounting

The interest rate

Meaning, the amount transferred in that year is the pension insurance premium paid by the individual that year.

For example, in 2019, the cumulative savings in Xiao Li’s personal account was 100,000 yuan. As of the end of December 2020, Xiao Li paid a pension insurance premium of 9,600 yuan in 2020 (taking 10,000 yuan as the payment base, personal

Pay pension insurance premiums at a rate of 8%).

Then the current accumulated storage amount of Xiao Li’s personal account = 100000 × (1 + 7.61%) + 9600 + ∑ [800 × (12-n + 1)] × 6.04% × 1/12 = 117524.08 yuan 117524.08 - (100000 + 9600)

=7924.08 yuan, which is equivalent to 7924.08 yuan more than the previous year as of the end of 2020.