What is the use of the balance of personal accounts of social security and endowment insurance in Changchun in 2020?

1, basic pension. The basic pension consists of overall pension and individual account pension. The monthly standard of personal account pension is the amount of personal account storage divided by the number of months, which is determined according to the average life expectancy of urban population and its retirement age and interest when employees retire.

2. Pay according to regulations. (a) individuals who participate in the basic old-age insurance for employees have reached the statutory retirement age, and the accumulated payment is less than fifteen years (including the extension of payment in accordance with the provisions of Article 2), and have not been transferred to the new rural social endowment insurance or urban residents' social endowment insurance, individuals can apply in writing to terminate the basic old-age insurance relationship for employees and pay the amount stored in their personal accounts to themselves in one lump sum;

(2) If you lose People's Republic of China (PRC) (PRC) nationality, you can apply in writing to terminate the employee's basic old-age insurance relationship when you leave the country or after leaving the country, and pay the amount stored in your personal account to yourself in one lump sum; (3) If a foreigner who participates in social insurance leaves the country and terminates the social insurance relationship upon his written application, he may also pay him the amount stored in his personal social insurance account in one lump sum; (4) If the retired workers who have no military status to participate in the basic old-age insurance are handed over to the civil affairs, the balance of the personal account will be returned to the individual.

3. Inherit according to law. After the death of an individual who participates in the basic old-age insurance for employees, the balance in his personal account can be fully inherited according to law.