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The Influence of Reducing Social Security Rate on the Insured

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1. As all the individual contributions of the old-age insurance premium are credited to the personal account, "pay more and get more". In this adjustment, China did not ask to adjust the proportion of individual contributions, but only asked to reduce the proportion of unit contributions.

2. China's basic pension mainly depends on individual cumulative payment years, payment wages, average wages of local employees and other factors, and has no direct relationship with the proportion of enterprise contributions.

3. the State Council has put forward clear requirements for reducing the social insurance premium rate in stages, provided that the social insurance benefits of the insured are not reduced and paid in full and on time.

4. Therefore, reducing the social insurance rate has no effect on the individual employees.