What is the social security personal account?

Legal analysis: Personal social insurance account refers to the social insurance agency's establishment for each person who participates in social endowment insurance according to the social security number issued by the State Bureau of Technical Supervision, and records the endowment insurance premium transferred by the unit and all the endowment insurance premiums paid by the individual as the basis for calculating and issuing the individual account endowment insurance premium when the person who participates in social endowment insurance retires.

Legal basis: People's Republic of China (PRC) Social Security Law.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.