202 1 Hubei Social Security Payment Standard

Legal analysis: the contribution ratio of pension insurance units is 20%, and that of individuals is 8%; .

Medical insurance unit contribution rate 10%, individual contribution rate 2%. .

The contribution rate of industrial injury insurance unit is 0.2- 1.9%, and individuals do not pay;

Maternity insurance unit contribution rate 1%, individuals do not pay;

The contribution rate of unemployment insurance units is 1%, and that of individuals is 0.5%.

Housing provident fund units and individuals each pay 7%.

Legal basis: People's Republic of China (PRC) Labor Contract Law.

Article 46 Where a laborer terminates his labor contract in accordance with the provisions of Article 38 of this Law, the employing unit shall pay economic compensation to the laborer.

Forty-seventh economic compensation shall be paid according to the standard of one month's salary for each full year of work in the unit. For more than six months but less than one year, it shall be counted as one year; If it is less than six months, economic compensation of half a month's salary shall be paid to the workers. If the monthly salary of a worker is three times higher than the average monthly salary of local workers announced by the people's government of the municipality directly under the central government or the city with districts where the employer is located, the standard for paying economic compensation to the worker is three times the average monthly salary of the worker, and the longest period for paying economic compensation to the worker shall not exceed 12 years. The monthly salary mentioned in this article refers to the average salary of workers in the twelve months before the dissolution or termination of the labor contract.