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What is the social security payment?

Legal analysis: wages paid on behalf of others should belong to retirement wages and pensions. If you have extra money in your social security card financial account every month, it is your employer who transfers your monthly salary to the bank card of your social security card.

Legal basis: Article 5 of the Social Insurance Law of People's Republic of China (PRC) People's governments at or above the county level shall incorporate social insurance into the national economic and social development plan.

The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance.

The state supports social insurance through preferential tax policies.