What does personal planning mean?

Legal analysis: social security co-ordination refers to the remaining part of the insurance premium paid by the employer for employees after deducting personal accounts. The social security pooling fund belongs to all the insured persons, and is centrally managed and used by social insurance institutions. Social pooling insurance funds shall be stored in special accounts and earmarked for special purposes, and no unit or individual may misappropriate them.

1. The overall fund is in a certain proportion. For example, in most areas, individuals pay 8% and units pay 20%. These funds are merged into a unified fund to pay pensions. In some areas, funds are insufficient, and local finance will supplement some to join the overall fund. The total amount of pooling funds and individual accounts is not equal. The overall fund is used to pay retirees, and the total amount of personal accounts is on-the-job personnel.

2 sources of social security pooling funds include financial allocations, social security fees (taxes) paid by employers and individuals into the "pooling account" and social donations.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 7 The administrative department of social insurance in the State Council is responsible for the management of social insurance throughout the country, and other relevant departments in the State Council are responsible for the relevant social insurance work within their respective functions and duties. The social insurance administrative department of the local people's government at or above the county level shall be responsible for the social insurance management within its administrative area, and other relevant departments of the local people's government at or above the county level shall be responsible for the relevant social insurance work within their respective functions and duties.

Eighth social insurance agencies to provide social insurance services, responsible for social insurance registration, personal rights and interests records, social insurance benefits payment and other work.