What does a separate social security account mean?

Insurance Bian Xiao helps you answer, and more questions can be answered online.

It is understood that the specific meaning of social security transfer funds, also known as social security funds to be transferred, can be simply understood through the following cases:

Suppose that the employer should pay 654.38 million yuan of social security fees this month and pay them in full, and the social security will be divided into accounts according to the prescribed proportion, that is, how much is credited and how much is pooled.

However, if the employer only pays 8000 yuan, social security will not be paid. This money is first deposited in a fund account transferred by the employer in social security, which is also called social security transfer fund.

If in doubt, it is recommended to consult the local social security center.