How to calculate the amount of personal pension account?

Pension = basic pension + personal account pension. Individual account pension = Individual account storage amount ÷ number of months of payment. Basic Pension (average monthly salary of on-the-job workers in the previous year in the province + my indexed average monthly contribution salary) ÷ 2 × years of contribution × 1% = average monthly salary of on-the-job workers in the previous year in the province (1 + my average contribution index) ÷ 2 × years of contribution × 1%.

1, personal accounts to implement the full accumulation system

In the social security account, there are "co-ordinated account" and "personal account", the contribution base is the average wage of the local on-the-job workers in the previous year, the unit contributes the equivalent of 20% of the contribution base, into the social co-ordination account, the unit contributes the equivalent of 20%, into the social account. The contribution base is the average salary of local employees on the job in the previous year. Individuals contribute the equivalent of 8% of the contribution base to the individual account, which is withheld and paid by the unit every month. Among them, the individual account is a full accumulation system, the funds include personal contributions and investment income.

2. Calculation method of pension

When an individual receives a pension, the payment part of the co-ordinated account is calculated as "the average social wage of the year before the year of receiving the pension × (the number of years of contribution × 1%)", and the withdrawal part of the individual account is calculated as "the amount of the account accumulated ÷ ( average life expectancy at the time of retirement × 12)". In the individual account, the calculation is more complicated due to the change in annual contributions and the uncertainty of the investment returns, which are calculated by compound interest.

Personal account pension how to query

1, telephone inquiry: China's social security bureau of the national unified service hotline telephone 12333, you want to query the personal account pension, you can directly dial 12333, according to the voice prompts to query. You can also transfer to the artificial customer service, let the staff to help query.

2, offline query: you can directly bring the social security card and ID card, go to the local social security agency, in the pension window to let the staff to help query the balance of the individual account pension. At the same time, there are many social security agencies in the hall will be set up self-service inquiry machine, you can also through the self-service inquiry machine to query. There will be staff on duty, so you can ask them directly if you don't understand anything.

If a participant has paid the minimum number of years of pension insurance and meets the age requirement, he or she can receive a monthly pension, which is partly made up of individual account pensions. If the participant's age meets the requirements, but the number of years of contribution has not reached the minimum requirements, and he/she is not willing to continue to pay, he/she can apply for withdrawing the balance in the individual account. If the participant decides to settle abroad, he/she can apply to withdraw the balance of the individual account before leaving the country. If a participant dies before receiving his or her pension, or if he or she dies after receiving his or her pension, he or she can apply to withdraw the balance from his or her personal account as long as there is still a balance in the account.

Legal basis:

The Law of the People's Republic of China on Social Insurance, Article 11

Basic pension insurance is a combination of social coordination and individual accounts.

The basic pension insurance fund consists of contributions from employers and individuals and government subsidies.

Article 12 Employing units shall contribute to the basic pension insurance fund in accordance with the proportion of the total wages of their employees as prescribed by the State.

Employees shall contribute to the basic pension insurance premiums in accordance with the proportion of their own wages prescribed by the State and credited to their individual accounts.

Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employers, and other flexibly employed persons participating in basic pension insurance shall pay basic pension insurance premiums in accordance with the state regulations, which shall be credited to the Basic Pension Insurance Coordination Fund and the individual account respectively.