What does personal pension mean?

Personal pension refers to the system of government policy support, individual voluntary participation, market-oriented operation and supplementary functions of pension insurance.

1. What does personal pension mean?

Personal pension does not refer to the personal pension in employee pension and resident pension, but a kind of pension independent of these two kinds. Similar to occupational annuity and enterprise annuity, it is a supplementary pension, which can be paid at the same time as employee pension insurance or resident pension insurance.

However, there are two differences between personal pension and occupational annuity and enterprise annuity. Only some people can enjoy the first occupational annuity and enterprise annuity, while personal pension can be paid by anyone. The second occupational annuity and enterprise annuity are more protective, while the commercial nature of individual pension is heavier.

Second, what is the individual pension system?

There is no uniform definition of individual pension system in the industry. Generally speaking, it refers to the institutional arrangement that the government encourages individuals to deposit into special accounts, and individuals choose corresponding and qualified pension financial products to invest and accumulate pension assets according to their own risk and return characteristics.

The personal pension insurance system is mainly composed of personal savings pension insurance and commercial pension insurance, which has been piloted in some areas and the scale is still small. Personal pension belongs to the third pillar of old-age insurance, and together with the first pillar of basic old-age insurance and the second pillar of enterprise (occupational) annuity, it constitutes the "three pillars" of China's old-age security system.

3. Where can I apply for personal pension?

1. Flexible employees must bring their household registration book and original ID card. If the social security relationship is terminated with the original unit, it is also necessary to bring the Change Form of Employees' Social Insurance Relationship, and go through the insurance formalities at the social insurance agency in the district where the household registration or residence is located on June 5438+0-25 every month.

2, in line with the conditions of old-age insurance for residents, with ID card, residence booklet and a copy of the original, to the domicile of the street labor and social security management station.

3. Flexible employees who participate in unemployment insurance shall go through the procedures for identifying flexible employment at the street labor security office where their household registration is located, and go through the insurance formalities at the social insurance agency in the area where their household registration is located on June1-25th every month with the identification certificate of flexible employees audited by the district labor employment service agency.

legal ground

Social insurance law

Tenth employees should participate in the basic old-age insurance, the basic old-age insurance premiums paid by the employer and employees. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premium should be paid by the government during the payment period. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.

Article 14 Individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Fifteenth basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Seventeenth individuals who participate in the basic old-age insurance, due to illness or non-work-related death, their survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.

Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.

Nineteenth individuals across the overall regional employment, the basic old-age insurance relationship with my transfer, the cumulative payment period. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.

Article 20 The state establishes and improves a new rural social endowment insurance system. The new rural social endowment insurance combines individual contributions, collective subsidies and government subsidies.

Twenty-first new rural social endowment insurance benefits are composed of basic pension and personal account pension. Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis.

Article 22 The State shall establish and improve the social endowment insurance system for urban residents. The people's governments of provinces, autonomous regions and municipalities directly under the Central Government may, according to the actual situation, combine the social endowment insurance for urban residents with the new rural social endowment insurance.