Where did the social security money go?

Legal analysis: only the part paid by oneself goes into personal account, and all the part paid by the unit goes into the overall fund.

If the following conditions are met, you can withdraw the part paid by yourself from your personal account, but the part paid by the company cannot:

1, reaching retirement age, but not meeting the condition of payment 15 years (the amount stored in personal account is paid in full).

2. The insured dies for some reason (personal payment and interest).

3, the insured person to settle abroad (personal payment and interest).

4. In case of death after retirement, the balance of personal account (personal payment and interest).

Part of the unit enters the overall fund to pay the pension benefits of retirees, rather than handing it over to the state. If there is a deficit when the overall fund pays the income, the state finance will give subsidies.

Legal basis: Article 57 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the employing unit shall, within 30 days from the date of its establishment, apply to the local social insurance agency for social insurance registration with its business license, registration certificate or unit seal. The social insurance agency shall, within fifteen days from the date of receiving the application, examine and issue the social insurance registration certificate.

Where the social insurance registration items of the employing unit are changed or the employing unit is terminated according to law, it shall, within 30 days from the date of change or termination, go to the social insurance agency to handle the change or cancellation of social insurance registration.

The market supervision and management department, the civil affairs department and the organization management organ shall promptly inform the social insurance agency of the establishment and termination of the employing unit, and the public security organ shall promptly inform the social insurance agency of the birth, death, household registration, migration and cancellation of the individual.