Does social security have interest income?

Legal analysis: the social security account bears interest, and the social security account that people often improve also refers to the pension account. As we all know, China's social security payment period needs 15 years, and the pension can only be received after retirement. The proportion of company pension insurance is 20%, and individuals need to bear 8%. Among them, individual contributions can be accumulated into individual pension accounts, which has a direct impact on retirement pensions. Of course, the higher the interest generated by the balance of the social security account. Interest is calculated on the balance in the social security personal pension account. Similar to the bank account balance, the balance in the social security personal pension account is not "fixed", but the interest will be calculated at a certain interest rate, and the pension will be calculated together when the individual retires. China's social security system is becoming more and more perfect, and now employers will have employees to pay social security, and the expenses will be shared by the company and employees. Social security includes medical insurance account and endowment insurance account, and the part paid by oneself will be accumulated into personal account.

Legal basis: Article 60 of the Social Insurance Law of People's Republic of China (PRC) * * * The employer shall declare by itself and pay the social insurance premium in full and on time. Except for legal reasons such as force majeure, the payment shall not be postponed or reduced. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis. Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.