Is the endowment insurance paid to the social security card?

The pension insurance is in the social security card.

There are two accounts in the social security card, one is the social security account and the other is the financial account. After employees pay social insurance premiums, the old-age insurance premiums are credited to personal accounts of social security cards, and the old-age insurance premiums paid by employers are credited to the old-age insurance fund.

Has the pension been credited to the social security card?

Those who participate in the social pooling of the basic old-age insurance for employees of urban enterprises in this city have reached the retirement age stipulated by the state, and the actual payment period (including deemed payment period, the same below) is over 15 years, and the basic pension is paid monthly. According to the latest pension calculation method, employees' pension consists of two parts:

Pension = basic pension, personal account pension

Personal account pension = personal account storage amount ÷ calculation months (50 years old 195, 55 years old 170, 60 years old 139, 120 is no longer unified) basic pension = (average monthly salary of employees in the whole province in the previous year, average monthly payment salary) \

Note: My indexed monthly average payment salary = last year's average monthly salary of employees in the whole province × my average payment index.

As can be seen from the above formula, under the same payment period, the level of basic pension depends on the average payment index of an individual, that is, the historical average of the ratio of his actual payment base to the average social wage. The lower limit is 0.6 and the upper limit is 3. Therefore, in the two kinds of calculation of pension, no matter what the situation, the higher the payment base and the longer the payment period, the higher the pension. Pensions are fixed indefinitely. As long as the recipient is alive, he can enjoy a monthly pension. Even if the personal account pension has been used up, it will continue to be paid according to the original standard. Moreover, personal pension will increase year by year with the increase of the average monthly salary of employees in society. Therefore, the longer you live, the more you can get, which is definitely more cost-effective than paying.

For example, according to the above formula, suppose that when male employees retire at the age of 60, the average monthly salary of employees in the province last year was 4,000 yuan.

When the cumulative payment period is 15 years,

When the average individual payment base is 0.6, the basic pension = (4,000 yuan 4,000 yuan× 0.6) ÷ 2×15×1%= 480 yuan.

When the individual average payment base is 1.0, the basic pension = (4,000 yuan×1.0) ÷ 2×15×1%= 600 yuan.

When the average individual payment base is 3.0, the basic pension = (4,000 yuan 4,000 yuan× 3.0) ÷ 2×15×1%=1.200 yuan.

If the cumulative payment period is over 40 years,

When the average individual payment base is 0.6, the basic pension = (4,000 yuan 4,000 yuan× 0.6) ÷ 2× 40×1%=1.280 yuan.

When the individual average payment base is 1.0, the basic pension =(4000 yuan×1.0) ÷ 2× 40×1%=1600 yuan.

When the average individual contribution base is 3.0, the basic pension = (4,000 yuan× 3.0) ÷ 2× 40×1%= 3,200 yuan.

Personal pension = basic pension personal account pension = basic pension personal account storage amount139

I hope the above contents are helpful to you. If in doubt, you can consult a professional lawyer.

Legal basis: Article 58 of People's Republic of China (PRC) Social Insurance Law.

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration.

The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.