Where did the social security money paid by the unit go?

Each of us has our own social security, and for social security contributions, in addition to personal accounts, the unit will also pay part of the fees, and the fees paid by the unit will enter the overall account. /kloc-paid to retirees after 0/5 years.

1. What is social security pooling?

Social security co-ordination means that the state puts part of the money paid by various units within the scope of old-age insurance into social insurance accounts, and uses this part of the money as a co-ordination fund, which is then distributed to everyone in society by the state, thus realizing a social adjustment of the rich and the poor. Moreover, this social insurance account is an overall account and an important part of social security.

Second, the difference between individual account and overall account.

First of all, pooling accounts with different concepts means that the funds and assistance of social security projects are the same; Personal account is to record the expenses paid by the insured and the unit and its interest. Secondly, the money in the overall account for different purposes belongs to individuals, and personal accounts are the main basis for settling personal accounts when handling retirement and surrender. Finally, individual accounts with different ways of use can be withdrawn after retirement, while the overall account is to distribute pensions or funeral subsidies and pensions to their survivors on a monthly basis.

Extended data

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.