endowment insurance is a topic of general concern nowadays. Can individual endowment insurance be taken? What conditions need to be met? Xiaobian takes you to have a look.
1、 After the worker retires, the social insurance institution shall pay the individual account pension;
2、 When a worker retires, if the payment period is less than 15 years, he / she is not willing to make up to 15 years, or transfer into a new type of rural social endowment insurance or urban residents' social endowment insurance. If he / she enjoys the corresponding endowment insurance benefits in accordance with the provisions of the State Council, he / she shall be paid to him / her once to terminate the endowment insurance relationship;
3、 If an individual dies, the balance of the individual account shall be inherited by the legal heir.
Social insurance law
Article 14 individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank's fixed deposit interest rate, which shall be exempt from interest tax. If an individual dies, the balance of the individual account may be inherited.
Article 16 an individual who has participated in the basic endowment insurance shall receive the basic pension on a monthly basis if he has paid for 15 years in total when he reaches the legal retirement age.
Individuals participating in the basic endowment insurance who have paid less than 15 years accumulatively when they reach the legal retirement age may pay up to 15 years and receive the basic pension on a monthly basis; they may also transfer into the new rural social endowment insurance or the urban residents' social endowment insurance and enjoy the corresponding endowment insurance benefits in accordance with the provisions of the State Council.
Extended data:
Some of the endowment insurance premiums paid by units and individuals are included in the overall planning and some are included in individual accounts. The payment included in the individual account, as well as the interest rate generated by the national published individual account bookkeeping interest rate, are included in the individual account, which is called the balance of endowment insurance individual account. By the time of retirement, the individual account balance divided by 120 months, or by the average number of remaining months, is the individual account part of the monthly pension. In addition, the overall planning part, adjustment fund and so on constitute the whole pension.
3 points (about 3% of personal salary) in the part of personal payment (8% of salary or social average wage) and unit payment (20% - 30% of total salary or social average wage, depending on local policies) are included in the personal account, totaling 11%. In some places, the accounting scale of individual accounts is 8%, all of which are individual payment.
With the increase of payment period, the balance of individual account is increasing. By the time of retirement, the individual account balance divided by 120 months, or by the average number of remaining months, is the individual account part of the monthly pension. In addition, the overall planning part, adjustment fund and so on constitute the whole pension.