1. Establishment of personal accounts 1. Personal accounts are used to record the basic pension insurance premiums paid by employees participating in the social pooling of basic pension insurance and the basic pension insurance premiums transferred from corporate contributions, as well as the interest amount of the above two parts.

Personal accounts are the main basis for employees to receive basic pensions after they meet the retirement conditions stipulated by the state and go through the retirement procedures.

2. The establishment of personal accounts shall be handled by the employee's labor relations unit at the local social insurance agency, and the wage payment unit shall provide basic data such as personal salary income to the social insurance agency.

3. Each social insurance agency shall establish a lifelong personal account for each employee who has participated in the basic pension insurance in accordance with the social security number issued by the State Bureau of Technical Supervision (national standard GB11643-89).

At present, the State Bureau of Technical Supervision has not announced the social security number verification code, and the employee ID card number can be temporarily used until it is announced.

When the employee ID card number is changed for any reason, the personal account number will not be changed.

4. The time for establishing a personal account begins when a personal account is established in each locality in accordance with the principle of combining social coordination and personal accounts; thereafter, new personnel who join the workforce will establish a personal account from the month they join the workforce.

5. For units that established personal accounts after January 1, 1998, in addition to accounting for 11% of the individual's paid wages starting from January 1, 1998, the amount of personal account savings should also include at least

The accumulated principal and interest of personal contributions in 1996 and 1997; for employees who started working in 1996 and 1997, the personal account balance should include the accumulated principal and interest of personal contributions from the month they started working to the end of 1997.

6. The main contents of the personal account include: name, gender, social security number, working time, deemed payment period, personal first payment time, local average salary of employees in the previous year, personal salary base for payment in the current year, number of payment months in the current year, and record of the current year.

Account interest and personal account savings, etc. (see the "Employee Basic Pension Insurance Personal Account" for the table).

7. The employee generally uses his/her average monthly salary in the previous year as the base for personal contribution wages (in areas where conditions permit, the employee's salary income from the previous month can also be used as the base for personal contribution wages, the same below).

The average monthly salary is calculated according to the items included in the total salary statistics stipulated by the National Bureau of Statistics, including wages, bonuses, allowances, subsidies and other income.

If your average monthly salary is less than 60% of the average monthly salary of local employees, you will pay 60% of the average monthly salary of local employees; if it exceeds 300% of the average monthly salary of local employees, you will pay 300% of the average monthly salary of local employees, and the excess will not be recorded.

The salary base for contributions is not included in the base for pension calculation.

8. Newly recruited employees (including graduate students, college students, college graduates, etc.) shall use the monthly salary income of the starting salary as the salary base for payment; starting from the second year, the average monthly salary of the actual salary in the previous year shall be used as the salary base for payment

.

For long-term off-the-job study personnel dispatched by the unit and employees who have been approved to take long-term leave, if the salary relationship is retained, the average monthly salary of the previous year when off-duty or on leave will be used as the salary base for payment.

For employees sent by the unit to work overseas or abroad, the average monthly salary received by the unit in the previous year when they left the country (country) shall be used as the base of paid wages; the base of paid wages in the following year shall be adjusted according to the average wage growth rate of the unit in the previous year.

For employees who are re-employed after unemployment, the salary income in the month of re-employment shall be used as the wage base for payment; from the second year onwards, the average monthly wage of actual wages paid in the previous year shall be used as the base for payment.

The upper and lower limits of the average monthly paid wages of the above personnel shall be implemented in accordance with the provisions of Article 7.

9. The proportion of credit to personal accounts is 11% of the salary base for personal contributions determined in accordance with Article 7, which includes all personal contributions and the transfer credit from corporate contributions by the social insurance agency.

The proportion of personal contributions in 1997 shall not be less than 4% of the salary paid by the individual, and the part transferred by the enterprise shall be supplemented to 11% of the salary base of personal contributions; from 1998, the personal contribution shall be increased by 1% at least every two years, and the part transferred by the enterprise shall be increased by 1%.

It is reduced by 1%, eventually reaching 8% of the salary base for individual contributions, and the portion transferred by the enterprise is correspondingly reduced to 3% of the salary base for personal contributions.

In areas where conditions permit and in years when wages grow rapidly, the rate of increase in personal contributions can be appropriately accelerated.

At present, if the accounting ratio of personal accounts in various places is lower or higher than 11% of the individual salary base, the integration into a unified system must be done in accordance with relevant national regulations.

10. Interest is calculated on the amount saved in a personal account based on the “pension insurance fund accounting interest rate” (hereinafter referred to as the “accounting interest rate”).

The accounting interest rate is temporarily determined by the people's governments of each province, autonomous region, and municipality directly under the Central Government with reference to factors such as bank deposit interest rates for the same period and is announced once a year.

2. Management of personal accounts 11. Units participating in basic pension insurance shall establish and improve basic employee information in accordance with the requirements of social insurance agencies at all levels, go to the local social insurance agency to handle the basic pension insurance participation procedures, and fill in the reports as required

"Registration Form of Units Participating in Basic Pension Insurance", "Payment Status Table of Personnel Participating in Basic Pension Insurance" and "Change Status Table of Personnel Participating in Basic Pension Insurance".