Legal analysis:

1. Combination of social planning and personal accounts

According to the arrangement, agencies and public management units, administrative categories, and public welfare categories I and II Public institutions and their staff members shall participate in the pension insurance of public institutions. The unit shall pay 20% of the sum of the individual salary bases of the employees participating in the pension insurance of government agencies and institutions, and the individual shall pay 8% of his/her salary income. At the same time, an occupational annuity system is established. Individuals and units pay 4% and 8% of the basic pension insurance payment base respectively, all of which are credited to individual occupational annuity accounts.

2. The "middle people" will pay the transitional pension from the social pooling fund

Compared to the "new people" (those who joined the work after the implementation of the measures) and the "old people" (the original (Those who were working staff before the implementation of the measures and have retired). The transition of the treatment of "middle people" who worked before the reform, retired after the reform, and have a cumulative payment period of 15 years has become the focus of social attention. In the process of establishing the basic pension insurance system for urban employees, relevant policies have also made arrangements for the transitional period, and transitional pensions will be paid from the social pooling fund for the "middle people" in the reform. At present, with the gradual retirement of "middle people" and the increasing number of "new people", transitional policy arrangements are gradually weakened, and the new system gradually takes the dominant position, reflecting the reform policy of smooth transition.

Legal basis:

"Decision of the State Council on the Reform of the Pension Insurance System for Staff of Government Institutions and Public Institutions"

3. Implementing a combination of social pooling and personal accounts Basic pension insurance system. Basic pension insurance premiums are borne by both the unit and the individual. The proportion of basic pension insurance premiums paid by the unit (hereinafter referred to as unit payment) is 20% of the unit's total salary, and the proportion of basic pension insurance premiums paid by individuals (hereinafter referred to as individual payment) is 8% of the individual's salary, which shall be withheld by the unit. A basic pension insurance personal account is established based on the amount of 8% of the salary paid by the individual, all of which is formed by personal contributions. If an individual's salary exceeds 300% of the local average salary of employees on the job in the previous year, it will not be included in the salary base for personal contributions; if it is lower than 60% of the average salary of local employees on the job in the previous year, the personal contribution salary will be calculated based on 60% of the average salary of local employees on the job. Cardinality. The amount stored in the personal account is only used for the pension of staff and cannot be withdrawn in advance. Interest is calculated every year according to the unified accounting interest rate announced by the state and is exempt from interest tax. If the insured person dies, the balance of the personal account can be inherited in accordance with the law.