List of pension balances by province

Provincial pension balance units are calculated in billions of yuan. Guangdong province 7258, Beijing 3524, Tibet 59, Xinjiang 839, Yunnan 7 19, Shanxi 1237, Zhejiang 3225, Guizhou 5 13.

Jiangsu 3366, Anhui 1 170, Fujian 574, Shandong 2306, Sichuan 2 158, Ningxia 184, Hunan 945, Gansu 37 1, Chongqing 826, Shanghai/kloc.

Hubei 828, Shaanxi 438, Tianjin 405, Hebei 546, Liaoning 929, Jilin 33 1, Xinjiang Corps 59, Heilongjiang 58.

First, generally speaking, the pension is determined according to the base of the pension paid by residents in each province. The larger the pension base, the greater the amount of pension that residents can receive. The pension balance of each province is determined by the number of people who pay social security and the amount of social security paid.

Second, the provincial pension balance can reflect the economic situation of residents in each province and their willingness to pay their own pensions. The balance outside Guangdong province can break through the tight encirclement, which also proves that Guangdong's economy is developing well and the resident payment base is relatively large. It is reasonable that Tibet has a small population, backward economic development and relatively small pension balance.

Social security is the welfare that the state seeks for the people. Although social security requires residents to pay, they can't receive their pension until they pay continuously 15 years later. But in daily life, we can use medical insurance to reduce and reimburse expenses, which is very cost-effective. Therefore, it is recommended that all residents pay endowment insurance.

The Interim Regulations on the Collection and Payment of Social Insurance Fees stipulates that Article 4 Payment units and individuals shall pay social insurance premiums in full and on time. The social insurance premiums collected shall be incorporated into the social insurance fund for special purposes, and no unit or individual may misappropriate them.

Article 5 The administrative department of labor and social security of the State Council is responsible for the management, supervision and inspection of the collection and payment of social insurance premiums nationwide. The administrative department of labor security of the local people's governments at or above the county level shall be responsible for the collection, management, supervision and inspection of social insurance premiums within their respective administrative areas.