Proportion of individual pension pooling account and individual account

1. Personal account is fully accumulated. Among social security accounts, there are "overall account" and "personal account". The payment base is the average salary of local employees in the previous year, and the unit payment is equivalent to 20% of the payment base, which is entered into the social pooling account. The fee paid by the individual is equivalent to 8% of the base payment, which is deposited in the individual account and withheld and remitted by the unit every month. Among them, the personal account is completely accumulated, and the funds include personal contributions and investment income. 2. Calculation method of pension When an individual receives a pension, the calculation method of the payment part of the overall account is "the average social salary in the year before receiving the pension × (the payment period×1%)", and the calculation method of the withdrawal part of the personal account is "the accumulated amount of the account ÷ (the average life expectancy at retirement×12)". However, in personal accounts, the calculation is more complicated due to the annual payment changes and the uncertainty of compound interest calculation of investment income. 3. For example, Xiao Wang, a white-collar worker, is 35 years old with a monthly salary of 1000 yuan. At present, his personal pension account is about10.5 million yuan (paid for five years). In the future, his salary will increase by 5% every year, and the average annual yield of personal account funds will be 3%. If he retires at the age of 60 (that is, pays another 25 years) and starts to receive a pension, he will receive a pension. Then, the pension that Xiao Wang receives from the social pooling account is 5000× (30×1%) =1500 yuan/month. It can be calculated through the formula that when he retires, the accumulated amount of Xiao Wang's personal account is about 6 19698 yuan, and he can withdraw about 2869 yuan (6659 yuan) every month after retirement.

Legal objectivity:

Article 12 of the Social Insurance Law of People's Republic of China (PRC), the employing unit shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.