Bookkeeping rate of social security personal account in 2022

In 2022, the bookkeeping rate of social security personal accounts has been above 6% to 8%. Assuming that the bookkeeping interest rate of personal accounts for old-age insurance is always maintained at 5%, which is the same as the average wage growth rate of society, if the number of months of personal accounts for 60-year-old retirees is 139 months, the monthly personal account pension can be maintained at around 845 yuan.

Introduction to social security

Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance taxes and fees to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.