Method 1: Annual calculation method. That is, by the end of this year, after the end of each payment year, the accumulated amount of personal accounts will be calculated annually (this method is applicable when the average salary of the previous month is the base of payment salary).

Calculation formula: Cumulative amount of personal account at the end of this year = Cumulative amount of personal account at the end of last year ×( 1+ current bookkeeping amount of personal account ×( 1+ current bookkeeping rate × 1/2).

Method 2: Monthly product method. By the end of this year, the accumulated storage amount in individual accounts will be calculated on a monthly basis within a payment year (this method is applicable when the salary income of employees last month is used as the base of payment salary).

Calculation formula: Cumulative amount of personal account at the end of this year = Cumulative amount of personal account at the end of last year ×( 1+ current bill interest rate)+principal of current bill amount+interest of current bill amount.

These include:

This year's account interest = this year's account monthly product × this year's account interest rate ×112.

This year's bill = ∑ [monthly bill amount N× (12-N+ 1)]

(n is the accounting month of this year, 1≤n≤ 12)

See Annex 3 for the calculation method of the sum of unpaid interest or principal and interest.

16. After the payment year ends, the social insurance agency will print the personal account statement of the basic old-age insurance for each insured employee according to the personal account records of the employees, and send it to the employees themselves. After being examined and signed by employees, it shall be pasted on the Employee Pension Insurance Manual every year and kept properly.

17. The amount of individual accounts established for employees in various places before the unified system is combined with the amount of individual accounts of employees after the unified system.

18. Employees who are interrupted for various reasons do not pay the basic old-age insurance premium or calculate the payment period, and their personal accounts are kept by the original agency, and their personal accounts continue to bear interest. The accumulated storage amount of individual accounts before and after the employee's job transfer or interruption is calculated, and the interest is calculated continuously.

19. The amount stored in personal account cannot be used for other purposes, nor can it be withdrawn in advance (unless otherwise specified).

Third, personal account transfer.

20. When employees flow within the same overall planning scope, only the basic old-age insurance relationship and personal account files are transferred, and the fund is not transferred.

2 1. When employees are transferred across the overall scope, the transfer methods are as follows:

(1) Transfer the basic old-age insurance relationship and personal account files.

(2) In areas where personal accounts have been established at the time of employee transfer, the transfer fund amount is the sum of the accumulated principal and interest of individual contributions before personal account 1998 1 plus the storage amount recorded by personal account since 1998 1.

(3) For employees who have not established personal accounts at the time of transfer, and employees who have moved in before 1998 1 and have joined the work before 1996, the transfer fund amount is 1996 1 to the individual employees transferred in the current month. For the employees who took part in work in 1996 and 1997, the fund transfer amount is the accumulated principal and interest paid by individuals from the month when they took part in work to the end of 1997. 1October 1998 1 days later, the amount transferred to the fund is 1998, and the accumulated principal and interest of individual contributions of employees calculated according to the above provisions will be added from 1998 1 days later. During the period when the personal account is not established, the interest of the individual payment part is calculated according to the one-year fixed deposit interest rate of urban and rural residents of the People's Bank of China.

(4) For employees transferred out in the middle of the year, the accounting amount transferred to the current year, only the principal transferred to the region, not the accrued interest of the current year; After the employee is transferred out, the transfer-in area will bear interest on the account amount of the year when the employee is transferred out. The calculation method shall be in accordance with the provisions of 15.

(5) When the fund is transferred out, the management fee shall not be deducted from the transferred amount.

(6) When the employee is transferred out, the social insurance agency in the transfer place shall fill in the Transfer Form for Persons Participating in the Basic Old-age Insurance (Transfer Form).

(VII) When the employees are transferred, the social insurance agency in the transferred place shall continue to establish individual accounts for the employees according to the information provided by the transferred place, such as the Table on the Transfer of Persons Participating in the Basic Old-age Insurance and the Personal Account for the Employees' Basic Old-age Insurance, and combine the local basic old-age insurance measures to do a good job in the connection between individual accounts.

Fourth, personal account payment

22 units of retirees change, the unit should fill in the "retirees change table", submitted to the social insurance agency for review. Social insurance agencies should make corresponding adjustments to the payment of benefits in a timely manner.

23. Basic pensions, transitional pensions and other basic pensions paid by social pooling funds according to the unified basic old-age insurance method for retired workers; Personal account pension is paid from personal account.

24. After retirement, the pension adjusted and increased every year shall be charged from the balance of personal account and social pooling fund according to the proportion of personal account pension and basic pension when employees retire.

25. After the employee retires, the personal account payment will stop being recorded, and the balance after the personal account pays the retirement pension on a monthly basis (including the part adjusted and increased in future years) will continue to bear interest. There are two ways to calculate interest:

Method 1: Annual calculation method. That is, the interest generated by the balance of individual accounts of retirees is calculated on an annual basis after the end of each payment year (this method is applicable when the amount of pensions issued in each month in the payment year is the same). The annual interest rate is calculated as follows:

Annual interest = (balance of personal account at the beginning of the year-total pension payment in that year) × bookkeeping interest rate in that year+total pension payment in that year × bookkeeping interest rate in this year × 1.083× 1/2.

Year-end balance of personal account = year-end balance of personal account-total pension paid in the current year+annual interest.

Method 2: Monthly product method. That is, the interest generated by the balance of retirees' personal accounts calculated monthly in each payment year (this method is applicable when the amount of pensions paid in each month in the payment year is different). The annual interest rate is calculated as follows:

Annual interest rate = balance of personal account at the beginning of the year × bookkeeping interest rate of this year-monthly payment of this year × bookkeeping interest rate of this year ×112.

Monthly contribution this year =∑[N×( 12-N+ 1) monthly contribution]

(n is the payment month of this year, 1≤n≤ 12)

26. When the employee's individual payment period (including deemed payment period) is less than 15 years and reaches the statutory retirement age, he will not enjoy the basic pension benefits after retirement, and all the savings in his personal account will be paid to him in one lump sum, and the pension insurance relationship will be terminated at the same time. When the above situation occurs, the employee's unit shall promptly fill in the "Approval Form for One-time Payment of Personal Account" to the social insurance agency. Social insurance agencies shall seal up their personal account files after approval.

Verb (abbreviation of verb) personal account inheritance

27. If an employee dies during his/her service, the amount of inheritance shall be the principal and interest of the individual contribution part of the total amount stored in his/her personal account at the time of his/her death.

28. When a retiree dies, the amount of inheritance is calculated according to the following formula:

Inheritance amount = the balance of personal account when the retiree dies × the proportion of personal payment principal and interest of personal account to the total storage of personal account when he retires.

29. The amount of the estate shall be paid in one lump sum to the beneficiary or legal heir designated by the deceased. The rest of the personal account is incorporated into the social pooling fund. After the personal account is completed, the payment should be stopped or the payment record should be sealed.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.