What is the personal pension?Detailed interpretation

The Ministry of Human Resources and Social Security, the Ministry of Finance, the State Administration of Taxation, the CBRC, and the Securities Regulatory Commission recently issued the "Opinions on Promoting the Development of Personal Pension" to the outline of the propaganda and conducted a detailed interpretation of the personal pension system.

Why participate?

One more income after retirement

Why build a personal pension system? The propaganda outline proposes that based on the basic national conditions of our country and drawing on international experience, my country has worked hard to build the "three pillars" pension -based pension pension based on basic pension insurance, supplemented by corporate annuity and occupational annuity, with personal savings pension insurance and commercial pension insurance. Insurance system.

On the whole, the first pillar is the basic pension insurance. As of the end of 2021, the number of participants reached 1.03 billion, accumulated more than 6 trillion yuan in funds, the fund operation was generally stable, and the treatment was issued in full on time.

The second pillar is corporate annuity and professional annuity. As of the end of 2021, more than 72 million employees participating in enterprises (occupations) have accumulated nearly 4.5 trillion yuan to accumulate funds, and the replenishment of pensions has begun to appear.

The third pillar is personal savings pension insurance and commercial endowment insurance. Previously, there was no unified institutional arrangement in the country, and it was a shortcoming of a multi -level pension insurance system.

The implementation of the personal pension system is an inevitable requirement to adapt to the main contradictions of our society and meet the needs of many levels of pension guarantee in many levels of the people. After retirement, one more income can be further improved, and the level of living after retirement can be further improved, so that the life of the elderly is more secure and quality.

How to operate?

Choose financial products independently

Personal pensions are supplementary pension insurance systems for government policy support, voluntary participation, and market -oriented operations.

Workers who participate in urban employees or urban and rural residents in China can participate in personal pensions. On the one hand, only by participating in basic endowment insurance, the premise of "basic" insurance, and participating in personal pensions can reflect the function of "supplementing" pension insurance. On the other hand, the participation of willing workers can achieve long -term payment of personal pensions and continue to increase the accumulation of personal account funds.

Personal pensions implement a personal account system. Participants have established their personal pension accounts through the personal pension information management service platform organized by the Ministry of Human Resources and Social Security. Personal pension account has the only nature, and is the basis for participating in personal pensions and enjoying preferential tax policies. After that, the participants designated or opened a personal pension account account for personal pension funds for personal pension payment, collecting income, payment, and paying personal income tax, fully accumulated and closed, and their rights and interests were owned by the participants.

The upper limit of the personal pension payment starts at 12,000 yuan per year, and it is adjusted in a timely manner in accordance with factors such as economic and social development and the development of multi -level pension insurance systems.

The funds in the personal pension funds account are used to purchase financial products such as bank wealth management, savings deposits, commercial pension insurance, and public funds that meet the requirements. Participants choose independently.

From the perspective of international experience and domestic exploration, a variety of financial products participate in personal pensions, which not only conducive to meeting the needs of different groups, but also conducive to full market competition, prompting financial institutions to develop better financial products to participate in personal pensions.

Personal pension products are determined by the financial regulatory authorities and announced on the information platform and the financial industry platform. The funds in the personal pension fund account shall purchase the information platform and the financial industry platform.

How to receive treatment?

Receive monthly, divided or one -time collection

The propaganda outline proposes that there are many ways to receive personal pensions. After the participants meet the conditions of receiving the age of basic pensions, they can receive personal pensions on a monthly, sub -or one -time, and collect them to their social security cards.

After the participants die, the assets in their personal pension funds account can be inherited. First, the collection conditions are linked to the basic pension, which can effectively guarantee the replenishment function. The second is to diversify the collection method for personal choice. The third is to collect personal pension benefits to my own social security card bank account, which is conducive to the integration and services of the three pillar pillar pension rights and interests, and provide support for adjusting and improving the pension insurance policy.

Personal pensions are implemented in combination with actual steps and selected some cities for one year before pushing away. This arrangement is mainly to consider the number of personal pensions involving the department. It is necessary to choose some cities to do it, test the specific operation process and improve, and gradually promote it to the country. (Reporter Dai Lili)

Source: Beijing Daily

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