Personal part and overall part of social security

The social security paid is divided into two parts, a small part of which goes into personal accounts, and most of which belongs to the overall fund. Pooling funds basically has nothing to do with themselves. It is the state that takes part of the money from the overall planning to support the retired elderly and reimburse them for medical insurance. The individual part is his own, and the pension personal account part affects the retirement salary.

The basic old-age insurance for urban workers initially set up overall accounts and personal accounts.

In the process of participating in social security, the most likely misunderstanding is the overall account and personal account. Overall account and individual account originally refer to the old-age care model established after 1997 national unified old-age care system. In 2005, the State Council's "Decision on Improving the Basic Endowment Insurance System for Enterprise Employees" also mentioned that individual accounts should be gradually established, and the state should formulate measures for the management and investment operation of individual account funds to maintain and increase the value. After 2005, the pension of enterprise retirees in China has increased rapidly, and the pressure of raising insurance funds is increasing, making it more and more difficult to make personal accounts for old-age insurance.

Overall planning is relative to personal accounts.

Take the old-age insurance as an example to explain: if an enterprise belongs to a public institution, it needs to pay 20% of the total wages of its employees to enter the social old-age insurance pooling fund. Individuals deposit 8% of their monthly income into their personal accounts. If it is an individual merchant, it is necessary to pay 12% of the employee's salary into the social pension fund. Individuals deposit 8% of their monthly income into their personal accounts. Flexible employees pay 20% of the average monthly salary of the local society, of which 12% belongs to the overall planning and 8% belongs to individuals. Post-retirement pension: pay annuity+personal account as a whole/120, but only care about the amount of money in personal account. On the whole, some of them don't have as much salary as before, but they are treated according to the average social level and preserved. The meaning of social security as a whole and individuals has been clearly answered above, and the payment of social security needs to be paid on time. With the rapid development of today's society, it is an inevitable choice to apply for social security, including endowment insurance and medical insurance, and it is very convenient to have a company to help pay social security now.