The pension pooling account is related to the insured person himself, because the pension is paid from the pooling fund.

The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of its employees stipulated by the state, and record them into the basic pension insurance overall fund.

The difference between individual accounts and pooled accounts: 1. Differences in concepts: Pooled accounts refer to the fund budget of various social insurance projects.

The personal account is used to record the part paid by the insured and the fees transferred from the part paid by the unit, as well as the interest on the above two parts; 2. The functions are different: the money in the overall account belongs to the individual, for example

In the pension insurance, when an employee dies before reaching the retirement age, the personal account of the pension insurance will be returned to the beneficiary. The money in the personal account in the medical insurance can be used by the individual to pay outpatient fees and personal self-payment stipulated by social security and medical care.

section, purchase of medicines, etc.

Personal accounts are the main basis for insured persons to receive benefits related to personal accounts when they go through retirement procedures, transfer across the scope of pooling, retire before retirement, settle abroad before retirement, or terminate the basic pension relationship due to death; 3. Different ways of use: Employees

The personal pension insurance account can be withdrawn for personal consumption after retirement, while the pooled account is used to pay pensions on a monthly basis and to pay funeral subsidies and pensions to the survivors after the death of the insured.

To sum up, the pension pooling account is related to the individual user.

Usually when paying for insurance, part of it will be paid into the pooling account, and part of it will come out of the pooling account when the user receives their pension.

Legal basis: Article 11 of the "Social Insurance Law of the People's Republic of China" stipulates that basic pension insurance shall be combined with social pooling and personal accounts.

The basic pension insurance fund is composed of employer and individual contributions as well as government subsidies.

Article 16 Individuals who participate in the basic pension insurance and have made cumulative contributions for fifteen years when reaching the statutory retirement age shall receive a basic pension on a monthly basis.

Individuals participating in basic pension insurance who have paid less than fifteen years of cumulative contributions when they reach the legal retirement age can pay for fifteen years and receive basic pensions on a monthly basis; they can also transfer to new rural social pension insurance or urban resident social pension insurance.

, enjoy corresponding pension insurance benefits in accordance with the regulations of the State Council.