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Do individuals pay social security accumulation fund?
The provident fund is also called the company provident fund, and individuals can not pay it. Provident fund is the amount of funds retained by a company outside its capital. According to whether the retention of provident fund is legally mandatory, provident fund can be divided into statutory provident fund and arbitrary provident fund. In addition, the housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.
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