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What does pension insurance pooling mean?

Legal analysis: Coordination and adjustment means that social insurance funds are uniformly collected and managed by social insurance agencies in a large area in accordance with the law, and are uniformly adjusted and used within the territory. This system adopts traditional methods in raising basic pension insurance funds.

Fundraising model for basic pension insurance premiums.

Legal basis: Article 72 of the "Social Insurance Law of the People's Republic of China" coordinates the establishment of social insurance agencies in regions.

Based on work needs, social insurance agencies may establish branches and service outlets in the coordinating area with the approval of the local social insurance administrative department and institutional establishment management authority.

The personnel expenses of social insurance agencies and the basic operating expenses and management expenses incurred in handling social insurance shall be guaranteed by the finance department at the same level in accordance with national regulations.

Article 75 The national social insurance information system shall be jointly constructed by the people's governments at or above the county level in accordance with the unified national plan and in accordance with the principle of hierarchical responsibilities.