Personal account and overall account of endowment insurance

Because the part paid by the company directly enters the social pooling fund, it will not enter the personal account, and only the part paid by itself will enter the personal account.

Social security is divided into two accounts, a co-ordination account and a personal account. The money paid by oneself goes into the personal account, and the money paid by the company goes into the overall account (so it is "the amount paid by the company as a whole"). In the future, the pension is also paid between the personal account and the overall account, and the overall account is large.

Legal basis:

Article 12 of the Social Insurance Law, 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.