Calculation method of individual endowment insurance

According to the individual payment amount, payment period, social security policy in the region and other factors.

I. Payment Amount

The calculation of individual endowment insurance should first consider the amount of individual contributions. The amount of payment usually includes the part paid by individuals and units, and the specific proportion may vary according to different regions and policies. The higher the payment amount, the higher the accumulated endowment insurance.

Second, the payment period

The payment period is another important factor in calculating the endowment insurance. The longer the individual payment period, the more old-age insurance will be accumulated. Under normal circumstances, the longer the payment period, the higher the pension benefits.

Third, social security policy.

Social security policy is the key factor affecting the calculation of individual endowment insurance. Social security policies in different regions may be different, including payment ratio, payment period requirements, and pension calculation and payment methods. Therefore, when calculating the endowment insurance, individuals need to know the specific policies and regulations in the region.

When calculating individual endowment insurance, it is usually calculated according to a certain formula. The specific formula may vary from region to region, but it generally includes basic pension and personal account pension. The basic pension is determined according to the payment period, payment amount and other factors, and the personal account pension is calculated according to the accumulated storage amount of personal account, payment months and other factors.

In addition, it should be noted that the calculation of individual pension insurance may also be affected by other factors, such as early retirement, delayed retirement, supplementary pension insurance and so on. Therefore, when calculating individual endowment insurance, it is suggested to consult the local social security department or relevant institutions to obtain accurate calculation methods and policies.

To sum up, the calculation method of individual endowment insurance is mainly based on the payment amount, payment period and social security policy in the region. The specific calculation methods and formulas may vary from region to region. Individuals need to know the specific policies and regulations in their region and consult relevant institutions to obtain accurate calculation results.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 15 stipulates:

The 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.

People's Republic of China (PRC) social insurance law

Article 16 stipulates:

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of 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.