What does the balance of social security personal account mean?

The balance of social security personal account refers to the premium paid by the insured and the accumulated balance of the personal account.

Social security accounts can be divided into individual accounts and overall accounts, and premiums that do not enter individual accounts are included in overall accounts. Taking employee social security as an example, employee medical insurance pays 2% for individuals, and the unit pays 10%, and the part paid by individuals is included in the accumulated balance of personal accounts; The same is true of the personal account balance of pension, which is actually bound by the local social security policy and the balance is actually included in the personal account.