What does overall planning in social security mean?

Legal analysis: social pooling refers to the large-scale unified collection, management and use of social insurance funds by social insurance agencies within the territorial scope. This system adopts the traditional mode of raising basic old-age insurance expenses when raising basic old-age insurance funds. That is, the state, units and individuals jointly bear the endowment insurance fund and implement the social mutual basic pension, and adopt the structured calculation method to emphasize the incentive factors and labor contribution differences of individual account pension. The basic old-age insurance is enforced by the state, and its purpose is to protect the basic needs of retirees.

Legal basis: Article 64 of People's Republic of China (PRC) Social Insurance Law includes basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.