What does the personal account balance in social security mean?

The balance of social security personal account refers to two parts of social security, which are paid by individuals and units. Personal account balance refers to the accumulated balance of premiums paid by the insured, and the premiums that have not entered the personal account are included in the overall account; In addition, the unit payment is included in the overall planning. If you retire, this part will be counted together. If there is no pension for surrender, you can only take the part paid by the individual.

Personal social security account means that the social insurance agency establishes a social security number for each person who participates in social endowment insurance according to the State Bureau of Technical Supervision, and records the endowment insurance premium transferred by the unit according to the regulations and all the endowment insurance premiums paid by the individual, as the basis for calculating and distributing the endowment insurance premium in personal account when the person who participates in social endowment insurance retires.

The balance in the so-called personal medical insurance card account. It refers to our medical insurance card account. As long as we pay our own medical insurance at the rate of 8%, the corresponding balance will be generated every month and entered into our medical insurance card account. That is to say, if you are an on-the-job employee of an enterprise, then the individual pays 2% and the enterprise pays 6% every month, then a * * * is 8%. This 8% payment ratio means that you can enjoy the return of your personal medical insurance account.

In the personal medical insurance account, the proportion of how much money to return is determined according to the actual age of the individual. In general, the proportion of individuals under 35 is about %2, the proportion of individuals aged 35 to 45 is about 2.5%, and the proportion of people aged 45 to 55 is about 3%! The rate of return for people over 55 is about 3.5%. Therefore, the older an individual is, the higher the expenses incurred in his personal balance. In fact, retirees can also generate corresponding balances, so retirees are generally older, so the proportion will be higher.

Can I withdraw the personal account balance of social security card?

Generally speaking, the balance of personal account of social security card cannot be taken out. Only when the insured dies unfortunately, the insured goes abroad to settle down, or the insured reaches retirement age, but fails to pay for 15 years, and is unwilling to extend the payment for 15 years, can he apply for withdrawing the balance of the personal pension account.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 14 Individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.