What is the meaning of full contribution

Full payment is to pay the five insurance and one gold according to 100% of one's actual gross salary as the contribution base. Usually we participate in social security is according to the average social wage level of how much to pay, that is, a fixed contribution base. The full contribution to the five insurance and one gold is based on the employee's average monthly salary of the previous year as the contribution base.

Social insurance is a social and economic system that provides income or compensation to a population that is incapacitated, temporarily out of work, or has suffered a loss due to health reasons. The main programs of social insurance include pension insurance, medical insurance, unemployment insurance, work injury insurance, and maternity insurance.

What are the benefits of fully paying the five insurance policies?

1. Pension benefits: After completing enough years of paying pension insurance premiums according to the requirements, the insured person can enjoy the corresponding pension benefits when he retires, and he can receive a certain amount of pension every month.

2, medical treatment: the payment of medical insurance can be hospitalized in the hospital to get a certain percentage of the cost of insurance; personal health insurance account balance can also be used to buy or pay for medical expenses.

3, maternity treatment: there is a need to give birth, you can pay maternity insurance reimbursement of examination, surgery and other costs, there is also a certain maternity allowance can be received.

4. Unemployment benefits: If you are unemployed for non-personal reasons, you can receive a certain amount of unemployment benefits for a certain number of months based on the number of years you have paid contributions.

5. Worker's Compensation Insurance: If you have an accident or occupational disease during your working life, you can get some compensation.

6, provident fund: can be used for housing loans, the interest rate is much lower than commercial loans; even if you do not use, you can also be a deposit.

Legal basis:

The People's Republic of China*** and the State Social Insurance Law

Article 58

An employing unit shall, within thirty days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If it fails to register for social insurance, the social insurance administration organization shall approve the social insurance premiums it shall pay. Individual entrepreneurs without employees who voluntarily participate in social insurance, part-time workers who do not participate in social insurance with their employers, and other flexibly employed persons shall apply for social insurance registration with the social insurance administration organization. The State establishes a nationally unified individual social security number. Individual social security numbers are citizens' identity numbers.