What is the meaning of entrusting the bank and account to send the pension to the participant in the online registration and declaration information of the new social security system?

Because the pension insurance pension is sent to the participant through the agent bank so need the participant's bank and account.

Social pension insurance, the full name of the social pension insurance, that is, by the social fund to pay the basic pension and personal account pension, is an important part of the social security system, is the social insurance of one of the most important of the five types of insurance,

is the state and society in accordance with certain laws and regulations to solve the problem of workers in the country to meet the state's provisions of the termination of the obligation to work.

It is a social insurance system established by the state and society in accordance with certain laws and regulations to provide for the basic livelihood of workers after they reach the state-established working age limit for the termination of their labor obligations, or withdraw from the workforce due to the loss of their ability to work in old age.

Pension security

The pension insurance systems of different countries around the world are categorized as follows:

Savings-type pension insurance

Savings-type pension insurance systems are practiced in a group of countries with emerging market economies, represented by countries such as Singapore and Chile, which emphasize the principle of self-protection, and implement the mode of fully accumulating funds with different types of individual pension accounts or "public pension accounts". The system emphasizes the principle of self-protection and is based on a fully accumulated fund model, with different types of individual pension accounts or "provident fund" accounts.

State-type pension insurance

The state-type pension insurance system was once practiced in most of the planned economies, represented by the former Soviet Union and Eastern European countries. According to the principle of "state turnkey", the employer pays the contributions, the state organizes and implements the system, the workers participate in the management, the treatment standard is unified, and the level of protection is high.

Traditional pension insurance

Traditional pension insurance represented by the United States, Germany, France and other developed market economy countries, the implementation of the principle of "selective", that is, not to cover all the people, but to select a part of the community to participate in the emphasis on the treatment of wages and income and contributions (taxes) associated with, and therefore also known as the "income-related pension insurance". Therefore, it can also be called "income-related pension insurance".

Welfare-type old-age insurance

Welfare-type old-age insurance is represented by developed market economy countries such as the United Kingdom, Australia, Canada, Japan, etc. It implements the principle of "universal coverage", and the basic old-age insurance covers all the nationals, emphasizing that all the nationals are entitled to annuities, and is therefore known as "welfare-type" or "universal coverage". The basic pension insurance covers all nationals and emphasizes that all nationals have annuities, so it is called "welfare-type" or "universal" pension insurance.

Hybrid Pension Insurance

Most of the countries that originally practiced welfare-based pension insurance have been or are in the process of converting to a hybrid system. That is, welfare-based pension insurance and "income-related pension insurance" coexist, **** together constitute the first pillar of the basic pension insurance. This is the case in the United Kingdom and Canada.

Expanded information:

Social security contribution base is the average social wage of 60% - 300% for the payment base. For example, in Shanghai in 2004, the average monthly social wage was 1,847 yuan in 2003.

If your monthly salary exceeds 1847*3=5541 yuan. If your monthly salary exceeds 1847*3=5541 yuan, then the social security payment base is 5541 yuan; if your monthly salary is lower than 1847*60%=1108.2 yuan, then the social security payment base is 1108.2 yuan. If your salary is between $1108.2 and $5541, then the base is your salary.

Every year, the social security system approves the social security base at a fixed time (March or July, varying from place to place) and releases the latest minimum and maximum bases. Generally speaking, companies help their employees to pay the minimum base for social security, but of course there are some companies that will pay social security for their employees based on the average salary of the previous year's position as the base.

You can check the latest social security base from your local social security bureau according to the latest release time. In addition, you can also check the national social security base through third-party software.

Reference:

Baidu Encyclopedia-Online Social Security