Dear friends, individuals pay social endowment insurance in full. Is there any personal account balance paid in full by the individual before retirement? Or what percentage goes into personal accounts

Dear friends, individuals pay social endowment insurance in full. Is there any personal account balance paid in full by the individual before retirement? Or what percentage goes into personal accounts? Depending on how old you are retired, there is a saying in social security that the insured person has collected the balance of his personal account in the time of counting the number of months after retirement.

For those who retire at the age of 60, the number of months is139; 55 years old is 170 months; 50 years old is 195 months.

The above results calculated by the number of months and personal account balance are "personal account pension"

Retiree pension = basic pension+personal account pension, in which the basic pension is fully borne by social security, and the personal account pension is also fully borne by social security after the personal account balance is used up.

To sum up, all the principal and interest paid by individuals are actually recovered in less than a few months.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.