Will the payment period of social security really affect the balance of personal accounts?

Social security is one of the most important components of the social security system, which is a social and economic system that provides income or compensation to the urban population who are temporarily unemployed or unemployed due to physical and mental health. The main items of social security include social endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. The social security plan is controlled by the state, and a certain group is forced to use part of its income as social security tax to generate social insurance funds. Under certain conditions, beneficiaries can get fixed income or loss compensation from stock funds, which is a redistribution mechanism to ensure the production of chemicals and labor and social stability.

With the approaching retirement, many retired workers expect to know the amount of student pension insurance in advance. However, the calculation of pension actually involves many factors, which does not mean that pension insurance can only be calculated by mastering the account balance of its own pension insurance account.

If the personal account of endowment insurance is 40 thousand yuan, it means that most beneficiaries pay according to the minimum base. If we all know the payment deadline, we can basically calculate the pension. But relatively speaking, it is not so simple to define the payment period, because some payment years have no effect on the balance of medical insurance accounts, mainly in three situations.

First of all, it is called the payment period. According to China's requirements, the continuous length of service of employees with fixed real status in state-owned enterprises before the implementation of the endowment insurance policy can be regarded as payment. In addition, it also includes the service years of some retired soldiers, the cultivated time of educated youth in the countryside and the continuous service years in state organs and institutions. It is regarded as the payment period, which is a way for China to pay its own endowment insurance. The relevant payment period does not belong to the balance of the medical insurance account, which is called the payment period, mainly through inquiry.

The second is the payment period before the establishment of personal account. When China implemented the reform and innovation of endowment insurance policy, it did not reform and innovate the old-age service payment method, and did not establish the corresponding personal account system of endowment insurance. At that time, in order to reduce the risk of rules and regulations, administrative organs at all levels in China gradually established endowment insurance policies, and it was not until 1992 to 1997 that China established and implemented a unified endowment insurance policy.

Third, in the case of low deposit base, the payment period is not very high, and some employees only pay two or three yuan a month, so the amount recorded in personal accounts is actually not much. Moreover, the original bookkeeping interest rate was not very high, so the balance of the medical insurance account formed at the beginning was very small, and the personal account was 40,000, which was different from the amount of pension benefits in the payment era.

(1) If the payment period is 15, the pension mainly includes pension and personal account pension insurance premium, assuming that the pension can receive 12% of the average social development wage in the previous year after retirement at the minimum base of 60%, and the average social development wage in the previous year before retirement is applicable throughout the country at this stage, which is generally called the premise of pension planning payment, and is generally from 6,000 yuan to 6,000 yuan.

The key of personal account endowment insurance is related to the legal retirement age. The number of retirement months at the age of 50 is 195 months, that at the age of 55 is 170 months, and that at the age of 60 is 139 months. The personal account endowment insurance corresponding to the balance of 40,000 yuan medical insurance account is 205 yuan, 235 yuan and 288 yuan respectively, in other words, the endowment insurance is about 65,400 yuan.

(2) The payment period is 40 years, in which the previous payment time and deemed payment period are combined into 15 in the unified account, and the pension insurance is calculated as follows: the pension insurance mainly includes pension insurance, personal account pension insurance and transitional pension. In terms of old-age care, if the average contribution index is calculated at 0.6, you will get 32% of the average social development salary every month.

The calculation method of personal account pension is the same as that of the first account. Transitional pension is actually a kind of compensation for the relevant payment years, and there is no personal account pension insurance. Generally related to the average wage of social development. For example, when the convergence index of Shandong Province is 1.3%, the annual payment can increase the average wage of social development by 0.78%, at 165438.

These three parts together, the endowment insurance premium is about 3200 yuan to 3300 yuan. Generally speaking, the payment period (working years) is also a crucial factor, which is included in the pension adjustment after retirement. Therefore, it is generally recommended that you only need what you can afford, and it is best not to terminate the payment of social endowment insurance, so that the income of pension services will be higher.