How to calculate the social security interest rate

1. The Social Security Law stipulates that Article 14 individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited. Two. Decision of the State Council on the Reform of Enterprise Employees' Endowment Insurance System (Guo Fa [1991] No.33) (III) Interest is calculated on the personal account of basic endowment insurance according to the "pension fund preservation rate". The "rate of maintaining the value of pension funds" is determined according to the resident time deposit interest rate of the bank and with reference to the local average wage growth rate of employees in the previous year.

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