What do you mean by total social security and total individuals?

Legal analysis: 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 mode of raising basic old-age insurance expenses when raising basic old-age insurance funds.

Social security overall planning

That is, the state, units and individuals share the burden; The basic old-age insurance fund implements social mutual aid; In the calculation and payment of basic pension, the structural calculation and payment method is adopted, emphasizing the incentive factors and labor contribution differences of personal account pension. The basic old-age insurance is enforced by the state, and its purpose is to protect the basic needs of retirees. The social security pooling fund is based on 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 for employees, so there will be insufficient funds in some places mentioned above.

Actually, this is easy to understand. Part of the social security paid by employees every month will enter the employee account and part will enter the social security plan. The total amount of social security co-ordination is the part paid by the company to employees, and the total amount of social security co-ordination is the part that individuals need to pay.

Legal basis: Article 4 of the Social Insurance Law of People's Republic of China (PRC) stipulates that employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law and have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.