When calculating the pension, the accumulated amount in the personal account and the interest paid in the current year will be considered. Interest is calculated annually, and the interest rate will be calculated according to the standards published annually by Ministry of Human Resources and Social Security and the Ministry of Finance. This bookkeeping rate is usually higher than the bank time deposit rate.

Therefore, the interest income of personal account will affect the pension after retirement, but this part of interest income is not directly added to the pension, but is allocated to the monthly pension as part of the value-added of personal account.

Pensions need to meet the following conditions:

1. Before I retired, I participated in the basic old-age insurance according to the regulations;

2. Reach the retirement age stipulated by the state or meet the retirement conditions;

3. I pay the endowment insurance premium in full and on time 15 years. If only the first two conditions are met, and the payment period (including deemed payment period) is less than 15 years, the old-age insurance cannot be enjoyed monthly.

To sum up, receiving a pension needs to meet certain conditions, including reaching the legal retirement age, participating in endowment insurance and fulfilling the obligation of payment, and the individual contribution reaches 15 years. At the same time, the pension insurance system, policy standards, payment amount and subsidy methods in different regions may also be different, so the specific pension receiving conditions and treatment levels may also be different.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.