Social security contribution coefficient 0. 1 What do you mean?

Social security contribution coefficient refers to the proportion that individuals need to pay when enterprises pay social insurance premiums for employees. For example, the social security contribution coefficient of an enterprise is 0. 1, and if an enterprise wants to pay social insurance premiums for its employees, the employees need to pay 10% of the fees. Therefore, the lower the social security contribution coefficient, the more the enterprise bears and the less the employees pay. There is a statutory payment ratio for paying social insurance premiums, and each insured unit may conclude a social insurance payment agreement on the payment ratio according to its own situation. According to the social insurance payment agreement, the proportion of social insurance expenses borne by enterprise insured units and individual insured units is called social insurance payment coefficient.

The social security contribution coefficient of 0. 1 refers to the grade of the payment base.

The social security payment base is the payment standard of social insurance payment, and the payment amount is approved according to the base and coefficient. The social security payment base is 60%-300% of the average social wage.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

In China, social insurance is an important part of the social security system, occupying a core position in the whole social security system. In addition, social insurance is a contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions.

Social insurance refers to the system that the state establishes a social insurance fund through legislation to give necessary material help to workers who participate in labor relations when they lose their ability to work or are unemployed. Social insurance is not for profit.

Social insurance is mainly through raising social insurance funds, coordinating and adjusting social insurance funds within a certain range, and giving necessary help to workers when they encounter labor risks. Social insurance provides basic living security for workers. Workers can enjoy social insurance benefits as long as they meet the conditions for enjoying social insurance, that is, they have established labor relations with employers or paid various social insurance premiums according to regulations. Social insurance is the core content of social security system.

To sum up, the social security contribution coefficient of 0. 1 refers to the grade of the payment base. The social security payment base is the payment standard of social insurance payment, and the payment amount is approved according to the base and coefficient. The social security payment base is 60%-300% of the average social wage.

Legal basis:

Article 2 of People's Republic of China (PRC) Social Insurance Law

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.