The difference between individual pension accounts and pooled accounts is as follows: 1. Different sources of funds: The funds for individual pension insurance accounts come from personal contributions and government subsidies, which are part of the funds paid by individuals, while the funds for pooled accounts come from social pooling funds, including government subsidies.
Financial appropriations, unit payments and other income, etc.; 2. The nature of accounts is different: the personal account of pension insurance is the personal account of each insured person, and the pension insurance premiums paid by each person are transferred to the personal account in proportion, and the account funds can be used for payment
Pension insurance benefits.
The overall account is a collective account used to pay the pension insurance benefits of all insured persons and manage pension insurance funds; 3. Fund operations are different: the funds in individual pension insurance accounts are managed by the insured themselves, and they can choose to deposit the funds.
Banks or purchase treasury bonds to maintain and increase value, or you can choose to invest funds in stocks, funds, etc. for high-risk investments.
The funds in the overall account are managed uniformly by social insurance agencies and used to pay pension insurance benefits and manage funds.
The effects of discontinuing pension insurance are as follows: 1. The more pension insurance you pay, the more pension you will receive when you retire.
During the interruption period, no funds enter the personal account, and there will be a certain loss when calculating pensions in the future; 2. Pension insurance does not calculate seniority during the interruption period.
Therefore, the insured's future service length and salary will be reduced; 3. Pension is generally based on the average salary in the year of retirement as a parameter, but it will accumulate all the interrupted time in the life after retirement, and the accumulated pension will be interrupted for one year.
If you are insured, your pension will be calculated in one year.
That is to say, if you reach retirement age, even if you have paid for 15 years, if you stop paying for one year in total, you will receive a pension based on the average social salary of the previous year.
To sum up, the individual pension insurance account and the pooled account are two important components of the pension insurance system. They complement each other and together constitute the operating mechanism of my country's pension insurance system.
Legal basis: Article 12 of the "Social Insurance Law of the People's Republic of China" 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 pooling 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.