1. What is the calculation of pension for personal accounts? 1. Personal accounts implement a full accumulation system. In social security accounts, there are "overall accounts" and "individual accounts". The payment base is the average salary of local employees on duty in the previous year, and the fees paid by the unit

Equivalent to 20% of the payment base, which goes into the social pooling account.

The fee paid by an individual is equivalent to 8% of the payment base, which is entered into the personal account and is withheld and paid by the unit every month.

Among them, personal accounts implement a fully accumulated system, and the funds include personal contributions and investment income.

2. Pension calculation method When an individual receives a pension, the calculation method for the payment part of the overall account is "the social average salary of the year before receiving the pension × (payment period × 1%)", and the calculation method for the personal account withdrawal part is "account

Accumulation amount ÷ (average life expectancy at retirement × 12)”.

In personal accounts, the calculation is more complicated due to changes in annual payments and the uncertainty of compound interest calculations on investment returns.

3. Give an example. For example, white-collar Xiao Wang is 35 years old this year, with a monthly salary of 10,000 yuan. His current personal pension account is about 15,000 yuan (has been paid for 5 years). In the future, his salary will grow at an annual rate of 5%, and his personal account funds will increase by 5% annually.

The average rate of return is 3%. If he retires at the age of 60 (that is, pays for another 25 years) and starts to receive a pension, and the social average monthly salary in the year before receiving the pension is 5,000 yuan, the average life expectancy after retirement is 18 years.

That is 216 months.

Then, the pension that Xiao Wang receives from the social pooling account is 5,000 × (30 × 1%) = 1,500 yuan/month. Through the formula, it can be calculated that by the time of retirement, the accumulated amount of Xiao Wang’s personal account will be approximately 619,698 yuan.

After retirement, he can withdraw about 2,869 yuan per month (619,698 yuan ÷ 216 months). Totaling the two accounts, Xiao Wang’s monthly pension after retirement is about 4,369 yuan.

2. Extended reading of relevant knowledge: Pension inquiry 1. You can go to the service hall of the local Social Security Bureau with your ID card to print the payment list for inquiry.

2. You can call the local Social Security Bureau to check the personal pension insurance payment status.

3. You can go to the website of the local Social Security Bureau to check the payment status of personal pension insurance.

The basic pension consists of pooled pension and personal account pension.

The basic pension is determined based on the individual’s cumulative contribution years, contribution salary, average salary of local employees, personal account amount, average life expectancy of the urban population and other factors.

The so-called unified pension, formerly known as basic pension, refers to the part of the pension paid to retirees from the unified fund composed of employer contributions; and the so-called personal account pension refers to the part of the pension paid to retirees from the accumulation of employees' personal accounts.

The portion of the pension paid by the pensioner.

The calculation methods of these two parts of pensions are: basic pension = overall pension + personal account pension.

After summarizing the above, we understand how personal account pension calculation is.

It can be known from the relevant legal provisions of our country that citizens can receive pensions on a monthly basis if they meet the conditions, and the amount of this pension will be determined from the overall pension and personal account pension.

"Social Insurance Law of the People's Republic of China" Article 12 The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of its employees stipulated by the state, and record them into the basic pension insurance overall fund.

Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations and record them separately in the basic pension insurance pooling fund

and personal accounts.

Article 10 of the "Social Insurance Law of the People's Republic of China" Employees shall participate in basic pension insurance, and the employer and the employee shall jointly pay the basic pension insurance premiums.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic pension insurance in the employer, and other flexible employment personnel can participate in the basic pension insurance, and the basic pension insurance premiums are paid by individuals.

The measures for pension insurance for civil servants and staff managed with reference to the Civil Servant Law shall be prescribed by the State Council.

Article 14 of the "Social Insurance Law of the People's Republic of China" Personal accounts are not allowed to be withdrawn in advance, the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax is exempted.

If an individual dies, the balance of his or her personal account can be inherited.

"Social Insurance Law of the People's Republic of China" Article 12 The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of its employees stipulated by the state, and record them into the basic pension insurance overall fund.

Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations and record them separately in the basic pension insurance pooling fund

and personal accounts.