What does the Social Security Card Association mean?

Legal analysis: social security card association refers to the association between social security card and bank card, so that the social security card can be used as a bank card, users can directly use the social security card to deposit and withdraw money, and can also use it when shopping in the mall. According to the relevant regulations, although the social security card can be used as a bank card after being associated with the bank card, the user is not limited by the amount only when depositing and withdrawing money at the bank counter or ATM.

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.