What does total social security and personal total mean

Total social security is the part paid by the company when the employee pays the social security, and the individual total is the part paid by the individual. Social total is the unified collection and management by the social insurance management unit in accordance with the law, and the unified adjustment and use within the territorial scope. The system raises basic pension funds in the form of the traditional basic pension fund raising funds; part of the monthly social security will go to the employee's account and part will go to the social security coordination. These are the total social security and individual total.

What does Social Security coordination mean?

Social Security Coordination is the remainder of the premiums paid by employers to employees, after deducting individual accounts. The social insurance co-ordination fund belongs to all those who participate in social insurance, and is centrally managed by the social insurance unit, and adjusted and used in a unified way. The social co-ordinated insurance fund may not be diverted to special reserves, special funds or individuals. The main sources of the social security co-ordinated fund include financial allocations, social security fees (taxes) paid by employers and individuals in accordance with the law, and social donations. In this article, we mainly write about the total amount of social security and the total amount of personal knowledge, for reference only.