Is the balance of the pension account paid by yourself?

1. Is the balance of the pension account paid by yourself?

The balance of endowment insurance refers to the part paid by individuals. The part paid by the unit enters the overall account, and the individual can't find it or take it out.

The balance of endowment insurance refers to the payment included in personal account and the interest generated according to the bookkeeping interest rate of personal account announced by the state, both of which are included in personal account, which is called the balance of personal account of endowment insurance.

The balance of personal account is at three points (about 3% of personal salary): individual contribution (8% of salary or social average salary) and unit contribution (20%-30% of total salary or social average salary, depending on local policies), and * * * is 1 1%, which is included in the balance of personal account.

Second, personal accounts and overall accounts.

1, different concepts.

Overall account refers to the funds of various social insurance projects; Personal account is used to record the part paid by the insured and the part transferred from the unit, as well as the interest of the above two parts.

2. Different functions

The role of the overall account: the money in the overall account belongs to individuals. For example, in old-age insurance, if an employee dies before retirement age, the personal account of old-age insurance will be returned to the beneficiary, and the money in the personal account of medical insurance will be used by the individual, who can pay for outpatient service, and the part paid by the individual according to the social security medical regulations will be used to buy medicines.

The function of personal account: it is the main basis for the insured to receive the relevant treatment of personal account when going through retirement procedures, transferring across the overall scope, surrendering insurance before retirement, leaving the country to settle down before retirement or terminating the basic pension relationship after death.

3, the use of different ways

Employee pension insurance personal accounts can be used for personal consumption after retirement, and the overall account is used for monthly pension and funeral subsidies and pensions for the survivors of the insured after death.

3. Can the money in the personal account of endowment insurance be withdrawn?

Under certain conditions, pension insurance can be withdrawn.

Endowment insurance is the guarantee of future pension, and it can't be taken out casually. However, in the case of the termination of the pension insurance relationship, the individual contributions of the pension insurance can be "withdrawn", but the relevant conditions need to be met, as follows:

The first type: the insured who loses People's Republic of China (PRC) nationality applies in writing to terminate the pension insurance relationship.

The second type: foreigners who have obtained permanent (long-term) residency abroad, and employees from Taiwan, Hong Kong and Macao who come to Shanghai to terminate or terminate their labor (employment) relations with employers in this city and leave the country may apply for termination of the pension insurance relationship.

The third type: individuals who participate in the basic old-age insurance for employees in this city have paid less than 15 years (including deferred payment according to regulations) after reaching the statutory retirement age, and have not been transferred to the old-age insurance for urban and rural residents. Individuals can apply in writing to terminate the basic old-age insurance relationship for employees.

Fourth, after the death of the person who participates in the basic old-age insurance, the balance of the personal account of the basic old-age insurance can be inherited according to law.