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What is the ratio of social security pooling to individual accounts?
Legal analysis: Individual endowment insurance belongs to the endowment insurance for flexible employees. According to the regulations, the payment base is the average social wage of the previous year, and the payment ratio is 20%, and the personal account is included in 8%. The remaining 12% is used as the overall fund.
Legal basis: Social Insurance Law of People's Republic of China (PRC) Article 1 This Law is formulated in accordance with the Constitution in order to standardize the social insurance relationship, safeguard the legitimate rights and interests of citizens to participate in social insurance and enjoy social insurance benefits, enable citizens to enjoy the fruits of development and promote social harmony and stability.
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