What is the accumulated amount of social security card used for?

An important index for calculating personal pension.

Personal account accumulation is an important index for calculating personal pension. It plays an important role in the social insurance system. According to the social insurance regulations of some countries or regions, a part of social insurance premiums paid by individuals will be deposited in personal accounts, forming a cumulative amount of storage. This amount is related to the time when an individual participates in the social insurance system, the amount of payment and the interest rate.