It means that the money corresponding to each individual account has not been made real. Although many accounts should have so much money, they are actually empty, because the actual pension operation mode in China is a way of combining unified accounts.

Because the personal account is only a virtual account, the financial management of the pension fund is a mixed-account management method, that is, the unified and account funds are allowed to be used mutually, and the basic pension is replaced by the basic pension.

without a personal account, it is impossible to cut off the connection between the unified fund and the account fund and lock in the debt of the unified fund. In some places, in order to meet the current payment needs, a large number of personal account funds accumulated by Chinese and newcomers have been used, which has caused the problem of empty accounts in personal accounts. Extended information

The problem of "empty accounts" of pensions has attracted much attention from the industry. According to "China Pension Development Report 212" compiled by World Social Security Research Center of China Academy of Social Sciences, the scale of empty personal accounts at the end of 211 has reached 2.22 trillion yuan.

Some experts said that this 2.22 trillion yuan is only a conservative estimate, and Zheng Silin, the former minister of the Ministry of Labor and Social Security, had given an astronomical figure of 2.5 trillion yuan as early as 24.

Before p>1999, only contract workers participated in insurance, so the national social security did not accumulate. It turns out that retired employees have never paid social security, but now they all receive pensions from social security. Their pensions are the social security paid by current employees, and social security has been using this money to advance pensions.

Later, the rural old-age pension system was implemented. Farmers had not paid their old-age pensions before, so their old-age pensions were also paid by the employees now.

Baidu Encyclopedia-Empty Pension Account

People's Daily Online-Who will fill in the "Empty Pension Account"?