What's the interest rate for personal pension account?

The bookkeeping interest rate of personal account of endowment insurance is 2.75%.

The personal accounts of endowment insurance all bear interest according to the natural year. If the amount of personal account storage is full, the annual interest shall be calculated according to the annual bookkeeping rate; If the deposit for the whole year is not full, the interest shall be calculated by multiplying the number of months actually stored by one twelfth of the annual bookkeeping interest rate. Look at the division angle of personal account after calculating interest. 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.

Pension insurance payment conditions are as follows:

1, Age: Under normal circumstances,1workers aged 6 and above, and workers aged 60 and below need to pay the old-age insurance premium. However, the specific payment age may be different in different regions and industries, and it needs to be implemented according to local endowment insurance policies;

2. Occupation: Except for individual occupations, such as migrant workers, most occupations need to pay old-age insurance premiums, including enterprise employees, staff of public institutions, individual industrial and commercial households, freelancers, etc.

3. Working hours: Workers who have participated in endowment insurance need to continue to pay endowment insurance premiums during working hours until they reach the statutory retirement age or other prescribed conditions.

To sum up, different regions and industries may have different endowment insurance policies and regulations, and the specific payment conditions and standards need to be implemented according to local policies and regulations. In addition, for some special circumstances, such as illness, disability and other reasons can not work normally, in accordance with the relevant local policies and regulations to pay or exempt.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 4

Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.