Pension fund account refers to the account formed by the pension insurance fees paid by individuals and units, and is the basis of individual pension benefits. The pension fund account is managed and operated by the social security fund management center, and the pension insurance contributions of individuals and units will be included in the pension fund account.

The funds in the pension fund account are used to pay personal pension benefits and pension insurance benefits, and also used for the accumulation and management of pension insurance funds. In the process of individual payment of endowment insurance, by inquiring the balance and payment record of pension fund account, we can know the individual's social security payment and treatment application, thus providing help for individual endowment insurance.

The main purpose of pension fund account is to pay pension insurance benefits and personal pension. Includes the following aspects:

1. Personal pension benefits: Personal pension is an old-age insurance benefit calculated according to the payment records and payment years in the personal pension fund account and according to the standards stipulated by the state, which is mainly used for personal life security after retirement;

2. Enterprise annuity: enterprise annuity refers to the additional endowment insurance provided by enterprises for employees, and enterprises will also transfer a certain proportion of contributions to individual pension fund accounts;

3. Pension Fund Accumulation: The funds in the pension fund account will also be used for the accumulation and management of pension funds, so as to better support individual pension security in the future.

To sum up, the funds in the pension fund account can only be used for personal pension insurance benefits and pension fund management, and cannot be used for other purposes. At the same time, the use and management of pension funds are bound and regulated by national laws and regulations to ensure the balance between personal rights and public interests.

Legal basis:

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 11

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.