The contributions of the old-age insurance units are included in the overall account. Is the money in the overall account still your own money? Of course not. So where does the money belong? That is the money in the overall account, the money in the overall account, and after all, the money in the pension fund. Although the money entered into the overall account does not belong to our own money, it can be said that it is all our money. Let me share my personal views with you:

We all have the same feeling. When we work in the company, we all have to pay the pension insurance in proportion, of which the employer pays 16%, and we personally pay 8%, and the total payment ratio is 24%. This money is collected by the tax authorities after being withheld and remitted by the employer, and then all of it is transferred to the account of the endowment insurance fund, so many people will think that the proportion of the endowment insurance they pay is 24%. According to the endowment insurance paid by this 24%, everyone will think that this is their own money, and the unit payment part is the money paid by the unit for themselves.

The reason why people have this kind of understanding is that the old-age insurance has always been managed by two accounts. The unit contribution is included in the overall account and the individual contribution is included in the personal account. The reason why the unit has to pay for the individual employees is that their responsibilities and obligations are different. In fact, the fund-raising channels of endowment insurance are the same as other social insurances, that is, the unit pays a little and the individual pays a little. Although the payment account of pension insurance takes the personal ID card as the identification number, as long as it is a unit employee, it is complete only if both the unit and the individual pay at the same time, and it is inconsistent with the relevant laws and regulations to lose any part.

So why should the endowment insurance be divided into pooling account and individual account? This is consistent with the calculation method of pension. When we calculate the pension for retirement, the pension is divided into two parts: basic pension and personal account pension. The basic pension is based on the average of the sum of the average monthly salary of employees in the previous year and my average indexed payment salary, and is paid to 1% of the basic pension every year. Judging from the calculation process of basic pension, it has nothing to do with our individual payment or unit payment, but it is also a reflection of the social development achievements we enjoy after paying. And the proportion of basic pension will be higher than that of personal account pension. The source of payment of the basic pension is paid by the overall account.

Personal account pension is divided by the total amount of personal account, and the level of personal account pension is closely linked with the total amount of personal account. Personal account is partly paid by personal account. Due to the different structure of the two parts of pension and the different channels of fund payment, when we pay endowment insurance, we need to divide it into pooling account and individual account according to the proportion of payment.

Although the part paid by the company has entered the overall account, although the funds entered into the overall account are not owned by individuals, the overall pension fund is closely related to each of our insured persons. After all, all our pensions are paid by the pension fund, and we have entered the big pool of pension insurance by paying the pension insurance. Although the money from the pension fund does not belong to our individual, it belongs to everyone who pays the pension insurance on time and in full, which is to ensure that our pensions are paid after retirement.

to sum up, the contribution of the endowment insurance unit is included in the overall account, and the money in the overall account does not belong to us personally, but belongs to the endowment insurance fund. The calculation of pension will not be linked to the unit contribution, but it is the fundamental guarantee for our pension to be paid in full and on time, and it is also the payment channel of our basic pension source.