What does national pension planning mean?

Legal analysis: if the national social security is unified, it will gradually realize the convenience of inter-provincial social security transfer. Maybe in the future, even after we change work units, even if we change work units across regions, including provinces. Then there is no need to transfer the social security relationship, which is very convenient for individuals. In fact, the more important significance of social security co-ordination lies not in individuals, but in the fact that social security funds have achieved a national chess game. After the social security is coordinated nationwide, those provinces that can't make ends meet can transfer the overall planning. Ensure that retirees in China can pay pensions in full and on time. After the realization of social security pooling, it can also lay a very important foundation for the real implementation of delayed retirement in the future, so this is the significance of social security pooling.

Legal basis: According to Article 15 of the Social Insurance Law of People's Republic of China (PRC), endowment insurance consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.