What Is an Account Debtor?

Personal account: Corresponds to social pooling. The personal account model means that all the pension insurance premiums collected are entered into the personal account. When the worker enters old age, loses his ability to work, and leaves the labor market, he receives his own account (principal + operating income) and receives his own money. Pension. This model has a certain incentive effect for workers, but it does not reflect the "Law of Large Numbers", there is no mutual aid and risk sharing function, and the pressure on fund preservation and appreciation is high. In specific institutional arrangements, this model is always associated with a fully accumulated financial model.

personal account

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Personal account: Corresponds to social pooling. The personal account model means that all the pension insurance premiums collected are entered into the personal account. When the worker enters old age, loses his ability to work, and leaves the labor market, he receives his own account (principal + operating income) and receives his own money. Pension. This model has a certain incentive effect for workers, but it does not reflect the "Law of Large Numbers", there is no mutual aid and risk sharing function, and the pressure on fund preservation and appreciation is high. In specific institutional arrangements, this model is always associated with a fully accumulated financial model.

Guofa Document No. 26 stipulates that the bookkeeping base of the basic account of the employee's basic endowment insurance is the base of the employee's individual contribution and salary, and the bookkeeping ratio is uniformly 11% nationwide. At present, the personal contribution rate of employees is about 5%, and the rest is paid by the unit. As the individual contribution rate increases (finally to 8%), the unit transfer portion gradually decreases.

According to Guofa No. 38 document, since 2006, the size of individual accounts has been adjusted to 8%, which is formed entirely by individual contributions, and the unit payment part is no longer included.

When an employee retires, the accumulated savings in his / her personal account divided by the specified number of months is the personal account pension when the employee retires. The personal account of employee basic endowment insurance is one of the core contents of the enterprise employee basic endowment insurance system combining social pooling and personal accounts. It is a concrete manifestation of the results of deepening the reform of the endowment insurance system in recent years.