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Does Tianjin personal account balance include 4050 social security?
The balance of personal account in Tianjin refers to the deposits accumulated by individuals during the period of social security payment. Personal account balance mainly includes two parts: individual contributions and government subsidies. Social security payment refers to the social insurance premiums paid by individuals and employers according to a certain proportion in accordance with state regulations. Social security itself is not a part of personal account balance. The balance of personal account can be used to pay the corresponding expenses of individuals in pension, unemployment and medical care. Therefore, the 4050 social security is not part of the personal account balance.
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