Principal of individual account of endowment insurance

Personal accounts for basic old-age insurance are established by social insurance agencies for each insured employee in accordance with state regulations. It is used to record the payment of employees and the amount of personal accounts (including principal and interest) as an important basis for calculating and receiving pensions. ? 1. Personal account transfer ratio: the principal of the personal account of the endowment insurance is transferred from the insured payment according to 1 1% of the salary base of the individual contribution. First, transfer the part that the individual contribution is insufficient 1 1% from the individual contribution, and then transfer it from the unit contribution. ? 2. The individual account reserves interest according to the "basic old-age insurance interest rate" and the overall annual interest. All the interest earned will be merged into personal account. This interest rate is higher than the resident deposit rate. ? 3. The Social Security Center will notify the insured units and their employees' personal accounts of pension and medical insurance in the previous year in the form of printed statements on May 1 day 10 every year. ? 4. If the insured workers interrupt their work for various reasons, their personal accounts shall be kept, and the amount stored in the personal accounts shall bear interest continuously. If you continue to pay fees after working again, the accumulated amount of your personal account will be calculated.

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