Personal account of basic old-age insurance for enterprise employees of Dongxing District Social Security Bureau, Neijiang City

1. What are the main contents of the unified basic old-age insurance system for employees of urban enterprises in China?

The content framework of China's current unified basic old-age insurance system for urban enterprise employees is determined by the Decision of the State Council on Establishing a Unified Basic Old-age Insurance System for Enterprise Employees (Guo Fa [1997] No.26), the Provisional Regulations on the Collection and Payment of Social Insurance Fees and the regulatory documents issued by the Ministry of Labor and Social Security. Mainly includes the following aspects:

(1) coverage. The basic old-age insurance covers state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and their employees, as well as institutions and their employees who implement enterprise management. The people's governments of provinces, autonomous regions and municipalities directly under the Central Government may, according to local actual conditions, stipulate that urban individual industrial and commercial households should be included in the coverage of basic old-age insurance. In some places, freelancers are also included in the coverage of basic old-age insurance.

(2) payment base and rate. The proportion of basic old-age insurance premiums paid by enterprises shall generally not exceed 20% of the total wages of enterprises, and the specific proportion shall be determined by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government. A few provinces, autonomous regions and municipalities directly under the Central Government should report to the Ministry of Labor and Social Security and the Ministry of Finance for approval if it is really necessary to exceed 20% of the total wages of enterprises because of the large number of retirees and the heavy burden of old-age insurance. The proportion of individuals paying the basic old-age insurance premium should gradually reach 8% of the wages they pay. Individual industrial and commercial households and freelancers are responsible for their own payment, and the payment ratio is generally 18%. The payment base can be selected between 60% and 300% of the average salary of local employees.

(three) the combination of social pooling and personal accounts. Social insurance agencies set up individual accounts for basic old-age insurance for employees according to the amount of 1 1% of their salary. All individual contributions are credited to individual accounts, and the rest are included in enterprise contributions. With the increase in the proportion of individual contributions, the proportion of corporate contributions has gradually decreased to 3%. For personal account deposits, interest shall be calculated with reference to the bank deposit rate in the same period of each year. Personal account storage is only used for employee pension, and may not be withdrawn in advance. When employees are transferred, all personal accounts will be transferred. When an employee or retiree dies, the individual contributions in the individual account can be inherited. Enterprise contributions are all included in the social pooling fund except personal accounts.

(4) pension benefits. After the implementation of the old-age insurance system of "combining social pooling with individual accounts", employees who have joined the work and accumulated personal payment years of 15 years will be given a basic pension on a monthly basis after retirement. Basic pension consists of basic pension and personal account pension. At the time of retirement, the monthly standard of basic pension is 20% of the average monthly salary of employees in provinces, autonomous regions, municipalities directly under the central government or cities with separate plans in the previous year, and the monthly standard of personal account pension is the amount stored in my personal account divided by 120. If the individual payment period is less than 15 years, he will not enjoy the basic pension after retirement, and the amount stored in his personal account will be paid to him in one lump sum.

5. What is the proportion of individual accounts for employees' basic old-age insurance?

According to the Decision of the State Council on Establishing a Unified Basic Old-age Insurance System for Enterprise Employees (Guo Fa [1997] No.26) and relevant regulations, the personal account of employee basic old-age insurance is credited at 1 1% of the salary base of individual contributions, including all individual contributions and social insurance agencies transferred from enterprise contributions. The proportion of individual contribution 1.997 shall not be less than 4% of individual contribution wage, and the part transferred by the enterprise shall be made up to1%of individual contribution wage base; From 1998, the individual contribution will increase by one percentage point every two years, and the enterprise transfer part will decrease by one percentage point, eventually reaching 8% of the individual contribution wage base, and the enterprise transfer part will decrease to 3% of the individual contribution wage base. In areas where conditions permit and in years when wages increase rapidly, the growth rate of individual contributions can be appropriately accelerated.

In addition, according to the State Council's "Pilot Program for Improving Urban Social Security System", in Liaoning Province and other provinces, autonomous regions and municipalities directly under the Central Government, the old-age insurance premiums paid by enterprises are no longer included in personal accounts, but are all included in social pooling funds; The proportion of employees' individual contributions is 8%, all of which are credited to personal accounts; The scale of personal account is adjusted from 1 1% of my contribution salary to 8%.

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