The state uses the co-ordination portion of the money to support retired elderly people and reimburse them for medical insurance premiums.

Explanation (1) About 1/3 of the total insurance amount goes into the personal account, and about 2/3 goes into the labor insurance fund. The labor insurance fund is the overall plan and is used to support retired people. This is the most popular explanation.

(2) Social Security Coordination Account. The word "coordination" in my country originated from the name of the Social Security Fund Coordination Office established after the 1970s. It originally referred to the overall management of labor insurance system funds, and was later used for various social insurance companies. The project fund is economical.

(3) Internationally, the corresponding English term is "pooling", which is the concept of fund risk pool.

Therefore, the co-ordination level of social insurance can be understood not only from the administrative level, but also from the scope of adjustment of the covered population.

(4) Whether it is paid by the unit or paid by the individual, a part of the social security premium will be included in the overall account, and the rest will be included in the personal account. If the individual unfortunately dies or surrenders the insurance, he can only inherit or refund the amount in the personal account.

(5) All social security fees paid by everyone within the overall planning area go into one account. For example, in Shenzhen, the part paid by the company for employees goes into the overall account, and the part paid by the employees themselves goes into their personal accounts. When employees retire, part of their pensions are from

It is issued to individual accounts, and some is issued from the overall account.