The social security card account balance refers to

The balance of social security account includes the amount of social security paid by me and social insurance fund.

The social security account balance includes the following contents:

1) The personal account balance in the social security card is the social security amount (including deposit interest) deducted from the salary, and the personal account balance represents the personal part.

2) Overall account refers to social overall planning, that is, social insurance fund. The social security paid by the unit enters the social pooling and is not in the personal account. If you retire, this part is calculated and paid together. If there is no pension for surrender, you can only take the part paid by the individual.

3) 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 basic endowment insurance fund raising model.

Social overall planning is shared by the state, units and individuals. The basic old-age insurance fund implements social mutual aid, and the basic pension is calculated by structural calculation method, emphasizing 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.

The full name of social security card is social security card, which includes medical insurance, endowment insurance, unemployment insurance, maternity insurance, work injury insurance and other functions, and can even be used as a financial debit card. The social security card has the following functions:

1) acts as electronic certificate: the social security card can be used as the electronic certificate for our employment registration, unemployment registration, insurance registration, work injury identification, vocational training and skill appraisal.

2) Information recording and self-inquiry: Our personal basic information and social security-related business information are recorded in the social security card, and these information will form a copy of the certificate in the social security card system in the form of electronic files for our reference and use.

3) Acting as a bank card: the accounts in the social security card are divided into medical insurance personal accounts and financial accounts. Among them, the financial account can realize various payments and benefits. Can pay all kinds of social insurance premiums, but also can receive all kinds of social insurance regular treatment and one-time treatment, reimbursement and so on. And can also handle deposit and withdrawal, transfer, collection and payment services.

legal ground

Article 2 of the Social Insurance Law

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.