What do you mean by payable and mid-year settlement in social security?

The payable amount in social security consists of two parts: individual payable amount and unit payable amount.

Year-end settlement is to accumulate interest at a certain interest rate (generally higher than bank deposits) and settle interest regularly.

Endowment insurance, medical insurance and unemployment insurance include enterprise contribution and individual contribution respectively. Among them, the enterprise part and the individual part are included in the personal account according to a certain proportion.

Personal bookkeeping amount is the amount in personal account, which is the amount you can use. Pension insurance can't be used until retirement. Medical insurance is to pay medical expenses with personal account funds in the insurance card when seeing a doctor. Unemployment insurance is to give you the minimum living guarantee after unemployment.