What do social security and social pooling mean?

Insurance Bian Xiao helps you answer, and more questions can be answered online.

Personal understanding of overall planning is as follows: the endowment insurance paid by employees is divided into two parts. First, the personal burden of employees should be 8% of wages, which should be credited to your personal pension account; Second, the part borne by the enterprise is 20% of the total salary, which is not credited to your personal pension account, but is used as a whole. This part of the burden on enterprises should be what you call social co-ordination, which is a bit like defeating local tyrants to divide the fields.

The company you applied for said that the overall monthly payment is 400 drops, which should be a misnomer. The correct understanding should be social insurance (including five insurances). You personally have to pay about 1 1% of the total salary, and the company has to pay 30%. But judging from the 400 yuan a month you said, it is really likely to be 20% of the old-age insurance, one of social insurance. This may be because you are implementing social insurance locally.