Changsha Five Insurance and One Gold Payment Standard

The payment ratio and payment base of five insurances and one fund in Changsha: endowment insurance: unit, 2%, individual, 8%; Medical insurance: 8% for units and 2% for individuals; Unemployment insurance: 2% for employers and 1% for individuals; Maternity insurance: unit, .7%, individuals do not have to pay; Work-related injury insurance: unit, .5%, individuals do not have to pay; Housing accumulation fund: Changsha will raise the minimum deposit ratio of housing accumulation fund from 5% to 8%. After adjustment, the deposit ratio of housing accumulation fund in the whole city will be unified to 8% to 12%.

legal basis: article 12 of the social insurance law, the employer shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium according to the proportion of their wages stipulated by the state and record it in their personal accounts. 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 who have participated in the basic old-age insurance shall pay the basic old-age insurance premium in accordance with state regulations and record it in the basic old-age insurance pooling fund and individual account respectively.

article 35 of the social insurance law, the employer shall pay the work-related injury insurance premium according to the total wages of its employees and the rate determined by the social insurance agency.

article 44 of the social insurance law, employees shall participate in unemployment insurance, and the employer and employees shall pay unemployment insurance premiums in accordance with state regulations.

article 53 of the social insurance law, employees shall participate in maternity insurance, and the employer shall pay the maternity insurance premium in accordance with state regulations, while employees shall not pay the maternity insurance premium.