How to calculate the interest of social security fund?
Personal social security payment interest is not fixed, and it is calculated with reference to the bank's interest rate for the same period.
Like bank deposits, the housing provident fund paid by employees has interest income. According to the laws and regulations of housing provident fund, the housing provident fund paid by individual employees and their subordinate units will begin to bear interest from the date of deposit in the employee's individual housing provident fund account.
Among them, the housing provident fund stored in the current year is calculated at the interest rate of current savings deposit, and the storage principal and interest of the housing provident fund carried forward from the previous year is calculated at the interest rate of lump-sum deposit and withdrawal for three months, and the interest is settled on June 30 every year.
In the benchmark deposit interest rate published by the People's Bank of China, the annual interest rate of demand deposits is 0. 35%; The annual interest rate of three-month lump-sum time deposit is 1. 10%。
I. Endowment insurance
Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.
If an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.
Second, medical insurance.
Individuals who participate in the basic medical insurance for employees, who have reached the statutory retirement age and accumulated contributions have reached the number of years stipulated by the state, will no longer pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with state regulations.
Third, industrial injury insurance.
Workers who are injured by accidents or suffer from occupational diseases due to work reasons and are recognized as work-related injuries shall enjoy work-related injury insurance benefits; Among them, those who lose their ability to work after the appraisal of their ability to work enjoy disability treatment. Workers with work-related injuries who meet the conditions for receiving basic old-age pension will stop receiving disability allowance and enjoy basic old-age insurance benefits. If the basic old-age insurance benefits are lower than the disability allowance, the difference will be made up by the industrial injury insurance fund.
Four. unemployment insurance
Unemployed persons who meet the following conditions shall receive unemployment insurance money from the unemployment insurance fund:
(a) before unemployment, the employer and I have paid unemployment insurance premiums for one year;
(two) the employment is not interrupted because of my will;
(three) registered unemployed and have job requirements. During the period of receiving unemployment insurance benefits, the unemployed participate in the basic medical insurance for employees and enjoy the basic medical insurance benefits. The basic medical insurance premiums payable by the unemployed are paid from the unemployment insurance fund, and individuals do not pay the basic medical insurance premiums.
Verb (abbreviation of verb) maternity insurance
The employer has paid maternity insurance, and its employees enjoy maternity insurance benefits; Unemployed spouses of employees enjoy maternity medical expenses in accordance with state regulations. The required funds are paid from the maternity insurance fund.
In fact, the interest of individual social security payment is mainly aimed at the interest of individual account balance in endowment insurance. The balance of personal account in endowment insurance includes not only the social security fee paid before, but also the interest. The calculation standard of social security payment interest is not uniformly stipulated by law.
I hope the above content can help you. If in doubt, please consult a professional lawyer.
Legal basis:
Article 2 of People's Republic of China (PRC) Social Insurance Law
The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.
essay
The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.
Article 4
Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services.
Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.