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Address of Service Hall of Dongcheng Social Security Center
The financial system of the Social Security Bureau includes:
1, complete accumulation system:
This system is a financial system that determines an average rate that can ensure a long-term balance of payments after long-term calculation of related factors that affect the rate, and forms all insurance premiums (taxes) into social insurance funds. This financial system is widely used in the personal account plan of endowment insurance under the framework of enterprise annuity system and social insurance system.
The most obvious advantage of this system is that due to the accumulation of funds, the insurance premium rate can remain relatively stable in the case of an aging population. But this advantage is based on the premise that the fund's rate of return is higher than the wage growth rate. The defects of this system are also obvious. First of all, a higher speed is needed in the initial stage of system operation; Second, the fund faces enormous inflationary pressure. If the fund is used properly, not only the social insurance system will benefit from it, but also the whole economy will benefit from the effective allocation of the fund. On the other hand, if the fund can't maintain and increase its value, the cost of this system is higher than the pay-as-you-go system.
2, partial accumulation system:
This system is a mixture of pay-as-you-go system and full accumulation system. At the beginning, its ratio was higher than the pay-as-you-go system, but lower than the complete accumulation system. In terms of reserves, it will be higher than the pay-as-you-go system but lower than the full accumulation system.
This system is to find a middle way to meet the aging population and the initial high premium system. The usual practice is to accumulate a small part of the premium paid by the original pay-as-you-go system in the personal account system, or increase the rate on the basis of the original system and accumulate all the incremental parts in the personal account system. This system also faces the problems of fund management and value preservation and appreciation.
legal ground
People's Republic of China (PRC) social insurance law
Article 87 Where social insurance agencies, medical institutions, pharmaceutical trading entities and other social insurance service institutions defraud social insurance fund expenditures by means of fraud or forgery of certification materials, the social insurance administrative department shall order them to return the defrauded social insurance money and impose a fine of more than 2 times but less than 5 times the amount defrauded; If it belongs to a social insurance service institution, the service agreement shall be terminated; If the directly responsible person in charge and other directly responsible personnel are qualified, their qualifications shall be revoked according to law.
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