What does personal account in social security mean?

Refers to how much balance is left in the personal account number with social insurance benefits opened by an independent natural person in the local social security center.

Personal social security accounts are divided into medical accounts and pension accounts. Others include (maternity, work injury, unemployment, etc.). ) at the social security center. )

The payment base of social security is multiplied by the prescribed rate, which is the amount of social insurance premiums that enterprises or individuals should pay. Local social security payment bases are linked to local average wage data. It is determined according to the average monthly wage income of employees from June 1 day to February 1 day in the previous year.

Once a year, it will not change within one year after confirmation. The time to apply for adjusting the social security base is July. Enterprises take the total wages of enterprise employees as the payment base, and individual employees take half of their average monthly wages in the previous year as the base for individuals to pay social insurance premiums.

Extended data:

The difference between individual paying social security and unit paying social security.

There are only two kinds of social insurance paid by individuals: endowment insurance and medical insurance. According to the regulations, flexible employees voluntarily participate in basic medical insurance and basic old-age insurance in their own names, and are not included in the scope of those who participate in unemployment, work injury and maternity insurance.

And it is mandatory for the unit to pay social security for employees. Article 72 of the Labor Law of People's Republic of China (PRC) stipulates that the social insurance fund shall determine the source of funds according to the types of insurance, and gradually implement social pooling. Employers and workers must participate in social insurance and pay social insurance premiums according to law.

Baidu encyclopedia-social insurance

Baidu Encyclopedia-Social Security Personal Account