What is the balance shown on the social security card?

The balance displayed on the social security card is mainly composed of two parts: individual account balance and overall account balance.

The balance displayed on the social security card is mainly composed of two parts: individual account balance and overall account balance. Personal account balance refers to the balance accumulated in personal account after individuals pay social security fees according to regulations, including the sum of the social security amount paid by themselves and the deposit interest already generated. This part of the balance belongs to individuals and can be used when seeking medical treatment in designated hospitals or buying medicines in designated pharmacies.

Overall account balance refers to the part paid by the unit, which does not directly enter the personal account, but is used for the unified collection, management and transfer of social insurance funds. For example, the insured person can receive a certain pension when he retires, and the pension is calculated according to the balance in the overall account and individual account.

What does the social security contribution base mean?

Social security payment base refers to the social insurance payment base of employees in a social security year. The social security payment base will be determined according to the average monthly income tax declared by employees in the previous year, which is an important basis for paying social security.

After the same payment year is determined, the social security payment base cannot be changed. February to May of each year is the time to declare the social security base of the next settlement year.

There are upper and lower limits on the social security payment base. The upper limit means that the part whose salary exceeds 300% of the average monthly salary of employees in the previous year is not included in the social security base. The lower limit means that if the salary is lower than 60% of the average monthly salary of employees in the previous year, 60% of the average monthly salary of employees in the previous year will be used as the social security base.

I hope the above questions can help you. If you have other legal questions, please consult a professional lawyer.

Legal basis: Article 58 of the Social Insurance Law stipulates that the employer shall register social insurance for employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration.

The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.