Personal account is used to record the basic old-age insurance premium paid by the insured and the basic old-age insurance premium transferred from the unit payment, as well as the interest of the above two parts. It is the main basis for the insured to receive personal account related treatment when going through retirement procedures, transferring across the overall scope, surrendering before retirement, leaving the country to settle down before retirement or terminating the basic pension relationship after death. Personal account of employee's basic old-age insurance [3] refers to the unique account marked by the ID number set up by the social insurance agency for each employee participating in basic old-age insurance, which is used to record the old-age insurance premium paid by employees and the basic old-age insurance premium transferred from enterprise contributions, as well as the interest amount of the above two parts. Personal account is the main basis for employees to receive basic pension after they meet the retirement conditions stipulated by the state and go through retirement procedures. (1) the payment principal of the current year, including all individual contributions and the employer's contributions transferred to the personal account (June 65438+1 October 20061,the size of the personal account was adjusted from 165438+ 0% of my salary to 8%, all of which were formed by individual contributions. (2) Interest generated by the principal of the current year; (3) Interest generated by accumulated storage over the years.
Legal basis: Article 10 of the Social Insurance Law of People's Republic of China (PRC) * * * Employees shall participate in the basic old-age insurance, and both employers and employees shall pay the basic old-age insurance premium. 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.