The accumulation period is from the time when the insured person starts to pay the pension to the time when the insured person starts to receive the pension (60 years old), and the total amount of individual accumulation is the sum of the principal and interest of each payment (including the collective subsidy).

1. Calculation method of interest: simple interest during the year and compound interest every year.

2. The interest-bearing period is accurate to the month, and the interest-bearing period of each payment is from the next month of the month recorded in the payment record card to the month before the pension is received.

3. The management service fee shall be extracted according to the specified proportion.

4. Interest rate refers to the interest rate accumulated for a single capital account according to the specified capital appreciation requirements. During the accumulation period, when the appreciation of the fund needs to be adjusted, the accumulation of a single fund will bear interest by stages. The starting and ending time of installment interest rate is consistent with the fiscal year.

The appreciation of the fund in that year needed to be adjusted (whether it was higher or lower), and the interest rate accumulated by individuals began to change at the beginning of the following year. If the fund appreciation needs to be adjusted many times within one year, the interest accumulated by individuals in the following year shall be implemented at the interest rate uniformly stipulated by the notice of the Ministry of Civil Affairs.

Extended data:

Social security fund regulations

The new agricultural insurance fund consists of individual contributions, collective subsidies and government subsidies.

(1) individual payment. Rural residents who participate in the new rural old-age insurance shall pay the old-age insurance premium according to the regulations. At present, the payment standard is set at 100 yuan per year, which is divided into five grades: 200 yuan, 300 yuan, 400 yuan and 500 yuan. All localities can increase the payment grade according to the actual situation.

Insured people choose their own grades to pay, and pay more. The state adjusts the payment grade according to the growth of per capita net income of rural residents.

(2) Collective subsidies. Conditional village collectives shall give subsidies to the insured, and the subsidy standard shall be determined by the villagers' committee holding a villagers' meeting. Encourage other economic organizations, social welfare organizations and individuals to provide financial support for the insured.

(3) government subsidies. The government pays the insured who meets the basic pension conditions of the new rural insurance in full, in which the central government gives full subsidies to the central and western regions and 50% subsidies to the eastern regions according to the basic pension standards determined by the central government.

The local government subsidizes the payment of the insured, and the subsidy standard is not lower than the 30 yuan per person per year; Appropriate encouragement may be given to those who choose higher-grade standard payment, and the specific standards and measures shall be determined by the people's governments of all provinces (autonomous regions and municipalities). Local governments pay part or all of the minimum standard old-age insurance premiums for groups with payment difficulties such as severely disabled people in rural areas.

Baidu Encyclopedia-New Rural Social Security