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How much social security does Beijing pay by itself a year?
The old-age insurance rate is: unit 19%, individual 8% (unit employment), 20% (there are three levels of flexible employment: 40%, 60%, 100% of the average wage of the previous year), medical insurance rate is: unit 8%, and individual 2% unemployment insurance is: unit/kloc. The minimum payment for endowment insurance should be 15 years, reaching retirement age.
Legal objectivity:
Article 64 of the full text of People's Republic of China (PRC) Social Insurance Law: Social insurance funds include basic old-age insurance funds, basic medical insurance funds, industrial injury insurance funds, unemployment insurance funds and maternity insurance funds. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.
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