What is the meaning of the pension balance ah

The balance of the pension account refers to the portion of the pension insurance paid by the individual as well as the interest is as follows:

1, social security in the amount of the personal account of the pension insurance can not be taken out and used, the amount of retirement pension with the amount of the personal account has a great deal to do with the specific calculation of the very complex. Social security medical insurance personal account amount available in the usual outpatient emergency payment, but also to the designated pharmacy to buy drugs, until the balance is 0.

2, unit and individual pension insurance premiums paid, one into the overall, a personal account. Individuals pay part as well as the unit *** counted eleven percent, credited to the individual account. In some places, the size of the individual account is eight percent, all for personal contributions. The social security card has two separate accounts, the social security account and the financial account, and the funds in the financial account can be freely withdrawn and used, while the balance in the social security personal account is the pension reserve and the medical insurance account, which does not support free withdrawal. After 15 years of accumulated contributions to the social security system and reaching the legal retirement age, you can receive a monthly pension according to the number of months of payment. The medical insurance transfer is used to pay for personal medical expenses at designated medical institutions and designated retail pharmacies.

Legal basis: Article 11 of the Social Insurance Law of the People's Republic of China

Basic pension insurance is a combination of social coordination and individual accounts. The basic pension insurance fund consists of contributions from employers and individuals and government subsidies.