Excuse me, what does the balance of pension account mean?

1. The interest rate generated by the pension insurance payment included in the personal account and the bookkeeping interest rate of the personal account announced by the state is called the pension account balance.

2. When retiring, the personal account balance divided by 120 months, or divided by the average remaining months, is the personal account part of the monthly pension. Together with the overall planning part, adjustment fund, etc. It constitutes all the pensions.

3. The endowment insurance premiums paid by units and individuals are partly co-ordinated and partly credited to personal accounts, which are pension accounts.

4. Among them, three points (about 3% of individual salary), * * * 1 1%, are paid by individuals (20%-30% of total salary or average social salary, depending on local policies).

5. When there is a balance in the pension, the pension insurance will be included in the personal account in time.

Extended data

1, funds credited to personal account [including three parts:

(1) the payment principal of the current year, including all individual contributions and the employer's contributions transferred to the personal account (June 65438+1 October 20061,the size of the personal account was adjusted from 165438+ 0% of my salary to 8%, all of which were formed by individual contributions.

(2) Interest generated by the principal of the current year;

(3) Interest generated by accumulated storage over the years.

2. When an employee retires, the employee's personal account pension in the month of retirement is divided by the number of months (50 years old 195, 55 years old 170, 60 years old 139, no longer unified 120). Personal account pension is an important part of basic pension in the reform mode of combining social pooling with personal account.

Personal account pension, basic pension, transitional pension and adjustment fund together constitute the basic pension for retirees.

reference data

Baidu Encyclopedia-Pension Account Balance