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What is the full name of social security paid by individuals
What insurance is included in the individual social security: the only two kinds of social insurance paid in an individual capacity are pension insurance and medical insurance. In accordance with the provisions of the flexible employment of people, in the name of the individual voluntarily participate in the basic pension insurance and basic medical insurance, is not included in the scope of unemployment, industrial injury and maternity insurance of the participating population. Individuals can only participate in pension, maternity and medical insurance, but not work-related injuries and unemployment insurance.
Legal Objective:Article 12 of the Social Insurance Law stipulates that employers shall pay basic pension insurance premiums in accordance with the State's regulations on the proportion of the total wages of employees in the organization, which shall be credited to the Basic Pension Insurance Co-ordination Fund. Employees shall pay basic pension insurance premiums in accordance with the proportion of their own wages stipulated by the State and credited to their individual accounts. Individual business households without employees, part-time workers who do not participate in the basic pension insurance of the employer, and other flexibly employed persons to participate in the basic pension insurance shall pay the basic pension insurance premiums in accordance with the state regulations, which shall be credited to the basic pension insurance fund and individual account respectively.
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