Why does social security pay more than the company?

Legal analysis: social security payment companies pay more than individuals. Social security is linked to wages, and the proportions borne by units and individuals are generally: endowment insurance (20% for units and 8% for individuals), medical insurance (0/0% for units and 2% for individuals), unemployment insurance (0/0/%for units and 0.2% for individuals), maternity insurance (0.8% shall be borne entirely by units) and maternity insurance. Because the per capita income varies from place to place, the proportion of provinces and cities is also different.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 1 This Law is formulated in accordance with the Constitution for the purpose of adjusting the social insurance relationship, safeguarding citizens' legitimate rights and interests in participating in social insurance and enjoying social insurance benefits, enabling citizens to enjoy the fruits of development and promoting social harmony and stability.

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.