What does it mean to entrust the issuing bank and account when filling in the online registration information of the new social security system?

Because the pension of endowment insurance is paid to the insured through the agent bank, the bank and account of the insured are needed.

Social endowment insurance, the full name of social endowment insurance, consists of basic pension paid by social pooling fund and personal account pension. It is an important part of social security system and one of the five most important social insurances.

It is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers after they reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.

Endowment security

The world's pension insurance system is classified as follows:

Savings endowment insurance

Some emerging market economies, such as Singapore, Chile and other countries, implement a savings-based pension insurance system, emphasize the principle of self-protection, implement a fully accumulated fund model, and establish different types of individual pension insurance accounts or "provident fund" accounts.

National endowment insurance

In the past, most planned economy countries, represented by the Soviet Union and Eastern European countries, had implemented the national old-age insurance system. In accordance with the principle of "state's unified contracting and support", the employer pays the fees, the state organizes and implements them in a unified way, the workers participate in the management, the treatment standards are unified, and the level of protection is high.

Traditional endowment insurance

The traditional old-age insurance, represented by developed market economy countries such as the United States, Germany and France, implements the principle of "selectivity", that is, it does not cover all citizens, but selects some social members to participate, emphasizing that the treatment is related to wage income and payment (tax), so it can also be called "income-related old-age insurance".

Welfare endowment insurance

Welfare pension insurance is represented by developed market economy countries such as Britain, Australia, Canada and Japan, and the principle of GSP is implemented. The basic old-age insurance covers all citizens and emphasizes that all citizens have annuities, so it is called "welfare" or "GSP" old-age insurance.

Mixed endowment insurance

Most countries that used to implement welfare pension insurance have now or are in the process of transition to a mixed system. That is, welfare pension insurance and income-related pension insurance coexist at the same time, and * * * together constitute the first pillar of basic pension insurance. This is the case in Britain and Canada.

Extended data:

The social security payment base is 60%-300% of the average social wage. For example, the average social wage 1000 yuan, and the payment base can be 600 yuan-3,000 yuan. Take the situation in Shanghai in 2004 as an example. In 2003, the average monthly social wage was 1847 yuan.

If your monthly salary exceeds 1847*3=554 1 yuan. Then the social security payment base is 554 1 yuan; If your monthly salary is less than1847 * 60% = 1 108.2 yuan, the social security payment base is1108.2 yuan. If the salary is between 1 108.2 and 554 1 yuan, the base is your salary.

Social security will verify the social security base at a fixed time every year (March or July, in different places) and release the latest minimum base and maximum base. Generally speaking, enterprises help employees pay the minimum social security. Of course, some companies will pay social security for their employees according to the average salary of the previous year.

You can check the latest social security base with the local social security bureau according to the latest release time. In addition, you can also query the national social security base through third-party software.

References:

Baidu encyclopedia-online social security