Future personal account crediting rates

The crediting rate of an individual account directly affects the amount of future pension.

Future individual account crediting rate refers to:

1. The interest generated by the accumulated storage amount in the individual account of the pension insurance.

2. The social insurance agency will accrue interest on the stored amount in the individual account every year, and the interest rate used to calculate the stored interest in the individual account is called the individual account crediting rate.

The flexible interest rate program of the Future Account personal bookkeeping service not only provides users with a good investment and financial management platform, but also gives them more autonomy in financial management. Unlike the traditional bank savings business, whose interest rates are to some extent more fixed and unilaterally determined by the bank. In the future account personal bookkeeping service, users are free to choose suitable products and make flexible allocation according to the market situation to achieve better returns. At the same time, the future account also has a certain degree of risk control and supervision of the financial products provided, to protect the safety of the user's funds, so that the user can be more assured of investment.

The Ministry of Human Resources and Social Security and the Ministry of Finance jointly issued the "Unification and Standardization of Employee Pension Insurance Individual Accounting Interest Rate Measures" (Ministry of Human Resources and Social Security issued [2017] No. 31, hereinafter referred to as the "Measures"), which specifies the method of determining the interest rate of the individual account of the basic pension insurance of the employees and the interest rate of the individual account of the occupational annuity.

In summary: the future account personal bookkeeping interest rate service undoubtedly brings users more choices and more flexible financial management. Pension insurance personal account all stored amount of interest billing by natural annual settlement.

Legal basis:

Methods for Unifying and Standardizing Interest Rates for Individual Accounts of Employees' Pension Insurance

Article 1

Basic principles of unifying and standardizing interest rates for accounts. The first is to adhere to the fairness of the system, and to unify the determination of the basic pension insurance individual account interest rates for employees of institutions and enterprises. The second is to enhance the system incentives to guide the insured to actively participate in the insurance and pay contributions in full. Third, to ensure a reasonable level of treatment, to ensure a reasonable level of replacement rates for employees' basic pension insurance individual account pensions and occupational annuities, and to protect the basic livelihood of insured persons after retirement. Fourth, adhere to the sustainable development of the system, reflecting the actuarial balance, and scientifically determine the rules and levels of interest rates for employees' basic pension insurance and occupational pension individual account bookkeeping.