Minimum payment standard of five insurances and one gold in Foshan

Minimum payment standard of five insurances and one gold in Foshan

The minimum payment standard of five insurances and one gold in Foshan is based on the relevant national and local policies, aiming at protecting the basic social insurance rights and interests of employees. Specific standards include pension insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and the minimum payment base and payment ratio of housing provident fund.

I. Overview of five insurances and one gold

Five insurances and one gold refer to five social insurances and one housing accumulation fund jointly paid by employers and employees during work. These five social insurances are endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Housing accumulation fund is a system set up to help workers solve housing problems.

Two, Foshan five insurance and one gold minimum payment standard

Old-age insurance: According to the relevant regulations of Foshan, the minimum payment base of old-age insurance is a certain proportion of the local monthly minimum wage, and the payment proportion is shared by the employer and the employee himself. The specific proportion depends on the policy.

Medical insurance: The minimum payment base and proportion of medical insurance are also stipulated by local policies. Generally speaking, the payment base of medical insurance is the same as or similar to that of endowment insurance, and the proportion of payment is shared by the employer and the employee himself.

Unemployment insurance: the minimum payment base and proportion of unemployment insurance are also stipulated by the policy. The payment base of unemployment insurance is generally the same as that of endowment insurance, and the proportion of payment is borne by the employer, and the employees themselves bear a small part.

Work-related injury insurance: the expenses of work-related injury insurance shall be fully borne by the employer, and the employees themselves shall not pay. The payment base and rate of work-related injury insurance are determined according to factors such as industry risk level and the incidence of work-related accidents.

Maternity insurance: the payment base and proportion of maternity insurance are also stipulated by the policy. The cost of maternity insurance is generally borne by the employer, and the employees themselves do not pay or pay very little.

Housing accumulation fund: the payment base of housing accumulation fund is a certain proportion of the average monthly salary of employees in the previous year, and the maximum is not more than three times the local average monthly salary. The proportion of payment is shared by the employer and the employee, depending on the policy.

Third, the significance of the minimum payment standard.

Foshan formulated the minimum payment standard of "five insurances and one gold", aiming at protecting the basic social insurance rights and interests of employees and ensuring that employees can get certain economic security in retirement, illness, unemployment, work injury and maternity. At the same time, the payment of housing provident fund is also helpful to solve the housing problem of employees and improve the quality of life.

To sum up:

The minimum payment standard for five insurances and one gold in Foshan includes the minimum payment base and proportion of endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund according to relevant national and local policies. These standards aim to protect the basic social insurance rights and interests of employees and ensure that employees can get certain economic security and housing support under various circumstances.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10 stipulates:

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Article 23 provides that:

Employees should participate in the basic medical insurance for employees, and employers and employees should jointly pay the basic medical insurance premiums in accordance with state regulations.

Article 44 provides that:

Employees should participate in unemployment insurance, and employers and employees should jointly pay unemployment insurance premiums in accordance with state regulations.

Article 33 provides that:

Employees shall participate in work-related injury insurance, and the employer shall pay the work-related injury insurance premium, and the employees shall not pay the work-related injury insurance premium.

Article 53 provides that:

Employees shall participate in maternity insurance, and the employer shall pay maternity insurance premiums in accordance with state regulations, and employees shall not pay maternity insurance premiums.