2022 Shanghai social security bookkeeping interest rate

According to the announcement by the Municipal Bureau of Human Resources and Social Security, the bookkeeping interest rate for the city's urban workers' basic pension insurance individual accounts and urban and rural residents' basic pension insurance individual accounts is 2.75 percent. The interest accrued on the entire stored amount of the pension insurance personal account is settled on a natural annual basis.

Social security is a system that takes the state or the government as the main body, based on the law, and through the redistribution of national income, gives material help to citizens in the event of temporary or permanent incapacity to work and difficulties in life due to various reasons, in order to protect their basic life.