After seven years of payment, the social security balance is only over 20 thousand

This is normal. The more than 20 thousand yuan in your account is the personal part of your old-age insurance. You can roughly calculate how much social insurance premium is deducted each month, of which only 8% of your personal contribution salary is included in your personal pension account. The company helps you pay that part of social co-ordination, which is only used to support people who have retired now.

Because most of the money you pay is used for the expenses of people who support the elderly now, in other words, the money you pay has been donated to those elderly people. When you receive it depends on the average social wage at that time, the deposit period of your account and the account quota.

You can check my insurance information; Telephone consultation, enter my ID card and password (the password is your social security number or the date of birth of your ID card) for endowment insurance inquiry; Internet inquiry: log in to the labor law map network or social insurance business website of the city where you are located, click the "Personal Social Security Information Inquiry" window: call the labor security comprehensive service telephone number "12333" for policy consultation and information inquiry; Personal account statement: Every year, the Social Endowment Insurance Center will send the personal account statement of the insured person to each insured person, and the payment and account records can be inquired through the personal account statement: Social Security Center Inquiry: If you don't know your social security account number, you can bring your ID card to the business halls of social insurance agencies in various districts to inquire.

Social security is a system in which the state or the government is the main body, and through the redistribution of national income, citizens are given material help when they temporarily or permanently lose their ability to work and have difficulties in life for various reasons, so as to ensure their basic livelihood.

The essence of social security is the pursuit of fairness, which must be based on legislation or law. Its basic contents include social insurance, social relief and social welfare.

As a form of national income redistribution, social security is realized through a certain system. We call the system of social security policies and measures stipulated by law and often implemented according to certain rules the social security system. Due to different national conditions and historical conditions, the specific content of social security system is not consistent in different countries and different historical periods. But one thing is common, that is, in order to meet the multi-level needs of social members, multi-level security projects are arranged accordingly.