What do you mean by social security pooling and individual contributions?

Legal analysis: it represents the composition mode of social insurance fund. In China's current social insurance, the endowment insurance fund consists of social pooling and individual contributions, and is composed of employer and individual contributions and government subsidies. Among them, there are three subjects who pay for a citizen's old-age insurance. When the conditions for receiving a pension are met, the pension is paid from the social insurance fund, which is a manifestation of the national social welfare. Brother's personal basic pension account balance can also be inherited. The same is true of the medical insurance fund, which consists of government subsidies, employers and individuals.

Legal basis: Article 10 of the Social Insurance Law of People's Republic of China (PRC) implements the combination of social pooling and individual accounts for basic old-age insurance. The basic old-age insurance fund consists of contributions from employers and individuals and government subsidies. Twentieth employees should participate in the basic medical insurance for employees, and the employer and employees should jointly pay the basic medical insurance premium. The employer shall pay the basic medical insurance premium according to the proportion of the total wages of employees stipulated by the state. Employees shall pay the basic medical insurance premium in accordance with the proportion of wages stipulated by the state. Twenty-first basic medical insurance for urban residents and new rural cooperative medical care shall be combined with family contributions and government subsidies. Payment and subsidy standards shall be stipulated by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government.