The reduction of social security rate is very important for personal influence.

Legal analysis: for employees, social security benefits will not be reduced. At the same time, some provinces have also lowered the proportion of individual contributions for some types of insurance, and the burden on employees will be reduced. As the individual contributions of the endowment insurance premium are all credited to the individual account, "pay more and get more". In this adjustment, China did not ask to adjust the proportion of individual contributions, but only asked to reduce the proportion of unit contributions. However, in terms of the proportion of individual contributions to unemployment insurance, Henan, Tianjin, Hubei and other provinces have adjusted. If Henan Province reduces it from the current 0.5% to 0.3%, it will reduce the monthly payment of the insured.

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

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Article 60 The employing unit shall declare on its own and pay social insurance premiums in full and on time. Except for legal reasons such as force majeure, the payment shall not be postponed or reduced. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.