How to calculate the account interest of Shenzhen personal pension?

How to calculate the account interest of Shenzhen personal pension?

The calculation method of individual pension account interest in Shenzhen varies according to the payment situation.

First of all, for those who have retired and started to receive pensions, the interest on their personal pension accounts is calculated according to the annual interest rate and account balance. The annual interest rate varies according to different payment conditions, generally between 2% and 3%. The specific calculation formula is: interest = account balance × annual interest rate.

Secondly, for those who have not retired but have started to pay pensions, the interest on their personal pension accounts is also calculated according to the annual interest rate and account balance. But the annual interest rate will be slightly different, generally between 1.5%-2.5%. The specific calculation formula is: interest = account balance × annual interest rate.

Finally, for those who haven't started to pay pensions, the interest on their personal pension accounts is calculated according to the bank interest rate and account balance. The bank interest rate is generally between 0.3%- 1.5% according to different banks. The specific calculation formula is: interest = account balance × bank interest rate.

To sum up:

The calculation method of individual pension account interest in Shenzhen varies according to the payment situation. For those who have retired and started to receive pensions, interest is calculated according to the annual interest rate and account balance; For those who have not retired but have started to pay pensions, interest shall be calculated according to the annual interest rate and account balance; For those who have not started to pay pensions, the interest shall be calculated according to the bank interest rate and account balance.

Legal basis:

Article 15 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "The basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, and average life expectancy of urban population. "

Article 16 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid the accumulated contributions for fifteen years. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council. "