The payment of the endowment insurance unit is included in the overall account. Is the money in the overall account still your own money? Of course not. So where does this money belong? That's the money in the overall account, and the money in the overall account is, after all, the money in the pension fund. Although the money entering the overall account does not belong to our own money, it can be said that it is all our money. Let me share my personal opinion with you:

Everyone feels the same way. When we work in a company, we all have to pay the old-age insurance in proportion, in which the employer pays 16%, the individual pays 8%, and the total payment ratio is 24%. The money is withheld and remitted by the employer and collected by the tax authorities, and then all of it is transferred to the account of the endowment insurance fund, so many people will think that the proportion of endowment insurance they pay is 24%. According to this 24% pension insurance, everyone will think that this is their own money, and the part paid by the unit is the money paid by the unit.

People have this understanding because the old-age insurance has always been managed by two accounts. The unit payment is included in the overall account, and the individual payment is included in the personal account. The reason why units have to pay individual employees is because their respective responsibilities and obligations are different. In fact, the financing channel of endowment insurance is the same as other social insurance, that is, the unit pays a little and the individual pays a little. Although the payment account of the endowment insurance takes the personal ID card as the identification number, as long as it is a unit employee, only the unit and the individual pay at the same time is complete, and the loss of any part is not in compliance with the relevant laws and regulations.

So why should endowment insurance be divided into pooling accounts and personal accounts? This is consistent with the calculation method of pension. When we calculate the retirement pension, the pension is divided into two parts: basic pension and personal account pension. The basic pension is based on the average of the sum of the average monthly salary of employees in the previous year and my average indexed payment salary, and is paid to 1% of the basic pension every year. Judging from the calculation process of basic pension, it has nothing to do with our individual contributions or unit contributions, but it is also a reflection of the social development achievements we enjoy after paying. Moreover, the proportion of basic pension will be higher than that of personal account pension. The source of payment of the basic pension is paid by the overall account.

Personal account pension is divided by the total amount of personal account, and the level of personal account pension is closely linked to the total amount of personal account. Personal account is partially paid by personal account. Due to the different structure of the two parts of the pension and the different payment channels of the fund, when we pay the pension insurance, we need to divide it into the overall account and the individual account according to the payment ratio.

Although the part paid by the company has entered the overall account, although the funds entered into the overall account are not owned by individuals, the overall pension fund is closely related to each of us. After all, all our pensions are paid by pension funds, and we have entered the big pool of pension insurance by paying pension insurance. Although the money from the pension fund does not belong to us personally, it belongs to everyone who pays the pension insurance, which is a reservoir to ensure that the pension is paid in full and on time after retirement.

To sum up, the contributions of the old-age insurance units are included in the overall account, and the money in the overall account does not belong to us personally, but belongs to the old-age insurance fund. The calculation and payment of pension will not be linked to the unit payment, but it is the fundamental guarantee for our pension to be paid in full and on time, and it is also the payment channel of our basic pension source.

Is the endowment insurance paid by the unit included in the personal account?

The endowment insurance premium paid by the unit is not credited to the personal account.

The pension paid by the unit is not credited to the individual account, but to the overall account. Only a part of individual contributions goes into individual accounts, and the part paid by the unit goes into the overall fund. Company units shall pay the basic old-age insurance premium according to the proportion of employees' wages stipulated by the state and bring it into the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of individual wages stipulated by the state and include it in individual accounts. Unemployed individual operators and other personnel who participate in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations, which shall be included in the basic old-age insurance pooling fund and individual accounts respectively. The above is whether the pension paid by the unit is included in the personal account.

The difference between overall account and individual account.

1, with different definitions: pooling account refers to the fund pooling of various social insurance projects. Personal account is to record the part paid by social security payers and the expenses allocated from the part paid by enterprises, as well as the interest of these two parts.

2. The main purpose is different: the money in the overall account belongs to the individual. Personal account is the main basis for social security payers to receive personal account-related wages when they go through retirement procedures, cross-category migration, surrender before retirement, live abroad or die before retirement, and terminate the basic pension association.

3. Different methods of use: the overall account is to pay pensions, funeral subsidies and consolation money to their survivors on a monthly basis, and personal accounts can be withdrawn after retirement.

Why is the endowment insurance paid by the unit not included in the personal account, and how can I enjoy this part of the money?

The endowment insurance premium paid by the unit is not included in the personal account, and it is stipulated that 8% of the payment base is included in the personal account of the basic endowment insurance, and the basic pension = basic pension+personal account pension.

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Does the payment part of the endowment insurance unit have anything to do with itself? Why not deposit it all in your personal account?

The basic old-age insurance for enterprise employees and the old-age insurance for government agencies and institutions belong to the basic old-age insurance for urban employees, and both adopt the mode of proportional payment by units and individuals. The unit payment is included in the overall fund account, and the individual payment is included in the personal account. These are two account management modes of endowment insurance.

The main purpose of endowment insurance is to solve the problem that the insured can still enjoy the basic pension benefits after reaching the statutory retirement age and the payment period of endowment insurance reaches the statutory payment period. Whether it is unit payment or individual payment, it is a way to raise endowment insurance funds. The endowment insurance fund is like a big pool, and the basic pension we receive is like a drop of water in the pool. Only when there is enough water in this pool can we ensure that our monthly pension can be paid in full and on time.

According to the provisions of the Social Security Law, the basic old-age insurance for urban employees is jointly paid by employers and individual employees, which is also an important scheme to determine the personal responsibilities and obligations of units and employees according to law. From the perspective of payment base, although the unit payment is based on the total wages of employees and the individual employees are based on their actual wages, it is carefully introduced that the unit payment base is based on the total wages of employees who pay endowment insurance, and the actual payment base of each employee is the same.

The unit payment is included in the overall fund account but not in the employee's personal account, only included in the employee's personal payment, which is determined by the nature of the basic pension for urban employees and the plan. Although the unit payment is based on signing labor contracts with employees and forming labor relations. Although there is a certain relationship between enterprises and individual employees' endowment insurance, this part of endowment insurance premium is one of the ways to raise endowment insurance funds as a whole, and it is not owned by individual employees.

Although the part paid by the unit does not belong to employees, whether the unit pays, what is the base of payment and the length of payment period are closely related to the pension received by employees after retirement. The higher the unit payment base, the higher the employee individual payment base, the higher the employee payment index, and the more the fund balance included in the employee individual account.

Although the unit payment part does not belong to individual employees, employees enjoy the benefit right of unit payment, which is reflected in the calculation of pension, which is the payment index. The contribution index is an important factor in calculating the average contribution index when handling retirement in the future. The average contribution index is the base of enjoying the pension, that is, the proportion of employees' average monthly salary in the previous year when they retire. This ratio is what we call the average indexed payment of wages. The higher the average indexed payment salary, the higher the proportion of employees enjoying the average monthly salary of last year.

Is the endowment insurance unit the same as individual and individual account?

Someone asked, is the balance of the old-age insurance account part of your own payment?

Yes, but not all.

At present, employees mainly participate in the basic old-age insurance for employees, and most flexible employees participate in the flexible employment old-age insurance, as well as the old-age insurance for urban and rural residents. Of course, there are also civil servants and staff who refer to the civil service law. Their old-age insurance scheme is stipulated by the State Council, so I won't explain it here for the time being.

Let me talk about the basic old-age insurance for employees first. The picture below shows our standard in 2022. The amount and proportion of social security payment in different regions are different. Take our side, for example.

As shown in the figure, the endowment insurance is jointly paid by enterprises and individual employees, in which the part paid by enterprises goes into the pension pooling account and the part paid by individuals goes into the pension personal account. So the balance of the pension insurance account is paid by individuals and the interest they generate.

Personal accounts cannot be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate;

Followed by flexible employment pension insurance, the following figure is our standard in 2022:

All of them are paid by the insured individuals, and the payment ratio is 20% of the payment base, of which 8% goes into the individual pension account and 12% goes into the pension pooling account. The balance in the pension account is the part you deposit in your personal account and the interest it generates;

Then there is the endowment insurance for urban and rural residents, and the specific payment amount will be different in different regions. For example, there are seven different levels of pensions for urban and rural residents in Hebei from 200 to 8,000, and the subsidy amount of each level will be different.

The balance in the pension account is the total amount paid by oneself, as well as the amount of government subsidies and interest.

No matter what kind of endowment insurance, it is a guarantee for your future pension. Remember to have endowment insurance!

Does the personal account balance in the pension refer to the total amount of expenses jointly paid by individuals and units?

1. Endowment insurance is divided into individual contributions and unit contributions, in which unit contributions are divided into individual account transfer and social pooling. As the name implies, the social pooling part has nothing to do with individuals. Not transferred with personal account. When calculating the pension, only the amount of personal account is calculated, and the social pooling part is not involved in the calculation. Therefore, it is not correct for the endowment insurance premium paid by the unit to be included in the overall social planning, and it will not affect your future pension benefits.

2. Social security is divided into two parts: individuals and units. Personal account balance represents your personal part and belongs to you. In addition, the unit payment is included in the overall planning. If you retire, this part will be counted as your pension together. If there is no pension for surrender, you can only take the part paid by the individual.

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1. The Ministry of Social Security of China has decided that the size of personal account will be adjusted from 11%of my salary to 8% from June, 2006.

The calculation formula of pension: monthly pension = basic pension+personal account pension. The basic pension is calculated at 20% of the average monthly salary of employees in this city in the previous year when I retire, and consists of individual contributions and unit contributions.

1, the individual contribution is paid according to 8% of the average monthly salary of the employee in the previous year.

2. The unit payment is paid according to 22% of the average monthly salary of employees in the previous year, and the basic old-age insurance premium paid by the unit is credited to the personal account, and the interest is calculated according to the social security interest rate.

Second, pension inquiry.

1. You can print the payment list at the service hall of the local social security bureau with your ID card.

2. You can call the local social security bureau to inquire about the payment of individual endowment insurance.

3. You can go to the website of the local social security bureau to inquire about the payment of individual endowment insurance.

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. The so-called overall pension, formerly known as basic pension, refers to the pension paid to retirees from the overall fund composed of employer contributions; The so-called personal account pension refers to the pension paid to retirees from the accumulation of employees' personal accounts. The calculation method of these two pensions is: basic pension = overall pension+personal account pension.