What is the difference between book entry personal accounts and China s current empty accounts?

The "empty account" of personal accounts is a very serious problem and needs to be taken seriously. The actual personal account has the following three important significance: The actual accounting of personal accounts is the basis for the separate management of social pooling and personal accounts It contributes to the smooth operation of the current system and avoids the regression to a pay-as-you-go system.

The author believes that the solution to this problem is not only a manifestation of a country's comprehensive strength, but also a manifestation of integrity and the sharing of risks by the people. If the responsibilities are not clear and the personal account is done as soon as possible, the gap will become bigger and bigger, and it will be difficult for the financial authorities to cover it in the end.

For the empty account of the personal account, that is, there is a specific amount in the account, but there is no money when the actual account is collected, this is the so-called empty account.

This means that your account has been set up, but there is no disposable cash in the account, which is simply called an empty account. For example, when you go to the bank to withdraw money and find that there is no money in the account, then the cash check is an empty check.

China's endowment insurance model is a combination of social pooling accounts and personal accounts, the social pooling model implements a pay-as-you-go system, and personal accounts are jointly paid by enterprises and individuals, and a complete accumulation system is implemented. In addition, mutual aid can be carried out between the social pooling account and the individual account.

The personal account is empty, that is, there is a specific amount in the account, but there is no money when the actual account is received, which is the so-called empty account.

The reason for the empty account. 1."Social pooling" accounts and "personal" accounts are managed as "mixed accounts".

Due to China's current social pooling is not enough to issue pensions to the elderly in the past, so the "mixed account" management model has been adopted, because the social pooling account adopts the pay-as-you-go system, the insurance money collected from the current generation is far from enough to pay the pension insurance to the previous generation.

Therefore, the practice of misappropriating the accumulation of "personal" accounts to issue pensions to the previous generation has been adopted, resulting in serious emptiness in the "personal" accounts. Although from the perspective of regulations, due to the different functions of the "social pooled account" and the "personal account", they should be managed and benefited separately.

But in fact, in many areas, these two kinds of contributions have all entered the pension insurance account, and the income and expenditure of the two modes are mixed together, and it is basically impossible to distinguish which part belongs to the social pooling account and which part belongs to the personal account. This enables the social pooling account to continuously divert funds from individual accounts.

2.The rate of ageing is accelerating, and the retirement age is young.

China's statistics in recent years show that most of our country has entered an aging society in advance, and due to China's large population base, the number of people who have entered the aging population has suddenly surged, which has brought sudden pressure to the pension insurance account.

And the acceleration of aging, so that more and more elderly people need pension insurance, which increases the cost of pension insurance. In addition, China's current statutory retirement age is 60 years old for men, 50 years old for women, and 55 years old for female cadres. The retirement age for special labor is 55 for men and 45 for women.

Due to the continuous improvement of China's living standards in recent years, as well as the progress of medical science and technology, China's average life expectancy has been greatly improved, and China's low retirement age has also increased the pressure on pension insurance accounts to a certain extent.

3.Pension insurance** has low operational efficiency and poor rate of return.

China's pension insurance has a poor rate of return, which is another reason for the huge pressure on the pension insurance account. Due to the lack of a national pension insurance law in China.

Therefore, there is a lack of effective management mechanism for the operation of pension insurance. The income of the personal account is very low, and there is often a phenomenon of misappropriation, and the misappropriation of the pension insurance account is not effectively punished.

Generally, this is an exclusive issue for pensions.

Pension, also known as retirement pension, or retirement fee, is the most important pension insurance treatment for Chinese citizens.

Since the current pension insurance account is a virtual account, without a real personal account, it is impossible to cut off the connection between the system and the account, and lock the debt of the overall plan.

In order to meet the needs of the current payment, some places use a large number of personal accounts accumulated by middle-aged and newcomers, which causes an empty pension account.

Hello? You want to know what it means to have an empty personal account, right? That is, your account has been opened, but there is no disposable cash in the account, which is referred to as an empty account, for example:

When you come to the bank with a cash check and you find that there is no money in the account, then the cash check is an empty check! We wish you all the best while you are out there!

Social security is divided into a pooled account and an individual account. The money in the overall account is used to pay pensions to those who are retired now, and the money in the personal account is your own, that is, to save pension money for yourself, and this money can generate income through operation. The reality is that if the money in the pooled account is not enough, the social security will misappropriate the money from your own personal account to pay the pension.

The so-called empty personal account means that your personal account is rich on the books, but in fact there is no money, empty, and the money has been misappropriated.

This means that you don't have any money in your account.