What does 60% of flexible employment social security level mean?

What does 60% of flexible employment social security level mean?

60% of the social security level of flexible employees refers to the proportion of 60% when paying social security fees. This ratio is a standard of social security contributions, which is used to determine the social security fees that individuals need to pay.

60% social security level of flexible employment is usually suitable for flexible employees, who need to pay social security fees themselves and have no fixed work unit. Choosing a payment ratio of 60% means that individuals need to bear 60% of all social security expenses, and the remaining 40% is subsidized by the government.

It should be noted that 60% of the flexible employment social security level is a relatively low payment ratio, so individuals need to bear less social security expenses. But this ratio also means that individuals need to bear more social security risks, because individuals need to bear 60% of all social security expenses.

To sum up:

60% of the social security level of flexible employees refers to the proportion that individuals choose to pay 60% when paying social security fees. This ratio is usually suitable for flexible employees and is used to determine the social security fees that individuals need to pay. It should be noted that choosing a lower contribution ratio means that individuals need to bear more social security risks.

Legal basis:

The Social Insurance Law of People's Republic of China (PRC) stipulates: "Employees should participate in the basic old-age insurance, and both employers and employees should pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. " Therefore, flexible employees can choose the payment ratio that suits them to pay social security fees.