Is it true that the money in the social security card will be cleared at the end of the year?

The money in the social security card is not cleared at the end of the year.

The money in the social security card refers to the balance of social security funds in personal accounts, which is formed by the expenses paid by individuals and units such as endowment insurance and medical insurance. According to relevant laws and regulations, the balance of social security funds in personal accounts will not be cleared at the end of the year, but will always be kept. This means that social security funds in personal accounts can be accumulated for retirement pension or medical expenses reimbursement.