How to calculate personal social security pension?

Personal account pension means that the social insurance agency establishes a lifelong personal account for each employee who participates in the basic old-age insurance according to the social security number published by the Technical Supervision Bureau. The personal account is used to record the basic old-age insurance premium paid by the insured individual and the basic old-age insurance premium transferred from the unit payment, as well as the interest amount of the above two parts. Personal account is the main basis for the insured to receive the basic pension after they meet the retirement conditions and go through retirement procedures. If the insured person flows during the insured period, his basic old-age insurance relationship and personal account will also be transferred.

The main contents are as follows:

1, individual contribution wage base;

2. All basic old-age insurance premiums paid by individuals;

3. Extract a certain proportion from the endowment insurance premium paid by the employer;

4. Interest on the amount stored in the personal account;

Legal basis: Article 11 of the Social Insurance Law of People's Republic of China (PRC).

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees 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.