What will happen if the endowment insurance paid by the enterprise is transferred to the individual account?Look at these five effects
Today, I discussed with my friends whether it is cost-effective to record the money in my personal account by participating in endowment insurance.My friend said that only 8% of the payment base goes into individual accounts, while 16% of the payment from enterprises is managed entirely by the state. Individuals are really losing money.The company’s contribution should go into individual accounts to make it worthwhile.Is it really so?Endowment insurance expends, divide for two accounts.According to “social insurance law” regulation, endowment insurance fund differentiates as a whole for account and individual account.The part of enterprise worker oneself pay can enter individual account, the part of unit pay can enter as a whole account.Pay cost of personnel of flexible obtain employment, it is to write down individual account according to pay cost base commonly 8%, remainder enters as a whole account.The function of individual account of endowment insurance is mainly used for issuing personal account pension after retirement. If you can’t get the corresponding personal account balance, you can inherit it.If it is finished, the individual account pension will be paid by the pooling fund until the insured person dies.Endowment insurance pooling account, used to pay the treatment of many, many.For instance the foundation annuities in calculating formula of annuities, transition annuities, place extends a few subsidies subsidize kind of treatment, and the individual account that says above is the individual account annuities after 0, join the funeral grange after protecting a person dies and one-time pension treatment.In particular, we adjust and increase the pension for retirees every year, which is also covered by the pooling account.What happens if there is no consolidated account?First, there will only be individual account pensions, there will be no basic pension.Since none of the money will go into the pooled account, the individual account pension will only be calculated based on the individual account balance when calculating the pension.As a matter of fact, the basic pension is linked to the average social wage, and its value preserving and increasing ability is far stronger than the personal account pension.Although in recent years the interest rate of individual account of endowment insurance is as high as 6%~8%, it still cannot catch up with the growth rate of average social wages.Pension contributions in individual accounts will depreciate relative to average wages.The 2nd, after account of endowment insurance individual is gotten, did not have annuities.This is also a very realistic thing, after all, it is also a total accumulation of a practice, similar to the enterprise annuity and occupational annuity.Retire like 60 years old, account of endowment insurance individual plans hair month number is 139 months, the time that can get namely 15 or 16 years.What about when you get older?There is no pension, this is not called endowment insurance.Third, all kinds of subsidies and subsidies have disappeared.For example, the winter heating subsidy in northern China is 1,700 yuan in Shandong province, 3,900 yuan in Qinghai Province, 3,360 yuan in Shanxi Province, and 4,394 yuan in Ningxia Autonomous Region last year. This is also a good income.Such as Shanghai, Hangzhou, Ningbo and other places Spring Festival holiday fees (festival one-time subsidy).Heilongjiang province has subsidies for keeping warm in winter, and some places also have urban subsidies, price subsidies, price subsidies, water and electricity subsidies and so on.Fourthly, the treatment of one-time funeral grant and pension is gone.The funeral subsidy, which is a kind of treatment for burying insured persons, is currently the province’s annual per capita disposable income for two months.The lump sum pension, depending on the number of years of contributions and the number of months in which the pension is received, can be paid from 9 months to 24 months of per capita disposable income.One-time pension, basically be to help ginseng protect the family member of personnel, alleviate ginseng protect the life pressure after the person dies.Funeral grant-grant and one-time pension, at present each place is generally in 30 ~ 50 thousand yuan left and right sides, this also is a not low treatment.Fifth, pensions are no longer growing.There is no plan as a whole pension pay treatment, everyone to their accumulation of pension savings, the most direct result is no longer pension growth.This is actually a very serious effect for many older people.For example, when my mother-in-law first retired, the pension was only 500 yuan. After 20 years of increase, the pension has been more than 3200 yuan.It would be very difficult to live on a pension of 500 yuan a month.Therefore, our current endowment insurance system is actually very good for everyone and protects the interests of the vast majority of people. It really should be praised for the country.