Social security ratio units and individuals 2023?

In 2023, the proportion of employees' social security in China will be 22% for the unit and 8% for the individual. Among them, medical insurance is paid by the unit 12% and the individual 2%; Endowment insurance is paid by units and individuals, which are 16% respectively.

China's social security system includes five types of insurance, namely, endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. At present, the social security ratio of employees in China is 22% for the unit and 8% for the individual. Among them, the pension insurance is paid by the unit and the individual respectively 16%, the medical insurance is paid by the unit 12%, and the individual pays 2%. The social security ratio is determined by the state after comprehensive consideration of the pension level, medical security needs and economic development. In recent years, China's economic level has been continuously improved, but it also faces challenges such as an aging population. Therefore, the government is gradually improving the social security system to ensure the basic needs of the elderly. It should be noted that the proportion of social security in different regions and industries may be different. For example, in some pilot free trade zones and development zones, enterprises can enjoy preferential policies and adjust the social security ratio.

If I personally want to participate in commercial endowment insurance, do I still need to pay social security? Commercial endowment insurance is a voluntary form of insurance. You don't need to pay social security in advance to participate in commercial endowment insurance. However, when purchasing commercial endowment insurance, the insurance company may conduct some physical examinations on the insured to determine their insurance risks.

In 2023, the proportion of employees' social security in China will be 22% for the unit and 8% for the individual. The government will continue to improve the social security system to ensure the basic needs of the elderly, and at the same time strengthen the supervision and management of social insurance funds. As employees, we should conscientiously fulfill our social security payment obligations and safeguard our rights and interests.

Legal basis:

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

Article 33 Employees shall participate in work-related injury insurance, and the employer shall pay the work-related injury insurance premium, while employees shall not pay the work-related injury insurance premium. Article 44 Employees shall participate in unemployment insurance, and employers and employees shall jointly pay unemployment insurance premiums in accordance with state regulations.

Fifty-third employees should participate in maternity insurance, the employer should pay maternity insurance premiums in accordance with state regulations, and employees do not pay maternity insurance premiums.