According to the provisions of this law, the management of social insurance funds shall follow the following principles:

First, social insurance funds should establish separate accounts according to the types of social insurance, conduct separate accounting, and implement a unified national accounting system. Second, the social insurance fund achieves balance of payments through the budget. The social insurance fund shall set up a budget according to the overall level. The budget of the social insurance fund shall be compiled separately according to the social insurance items. The preparation, examination and approval of the draft budget and final accounts of the social insurance fund shall be carried out in accordance with the law and the provisions of the State Council.

Third, the social insurance fund is earmarked, and no organization or individual may occupy or misappropriate it. Social insurance funds shall not be used for illegal investment and operation, balancing other government budgets, building or rebuilding office buildings, and paying personnel expenses, operating expenses and management expenses.

Or use it for other purposes in violation of laws and administrative regulations.

Fourthly, under the premise of ensuring safety, social insurance funds should be invested and operated according to the regulations of the State Council, so as to maintain and increase the value and lay a legal foundation for the investment and operation of social insurance funds.

The second is to clarify the direction of improving the overall level of social insurance funds. According to the law, the basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. Considering that the overall level of social insurance funds depends on many factors, this law authorizes the State Council to specify the specific time and steps to improve the overall level. Find it useful. I like it.