Where is the part paid by the social security unit?

The social security premium paid by the company for employees has been used for social security planning. The total social security cost is 28%, the unit bears 20% of the social security cost, and the individual bears 8% of the social security cost. The social security expenses paid by the unit are transferred to the social pooling, and the social security expenses paid by the individual are in the personal account, so that you can enjoy the pooling part when you reach the legal retirement age, and the balance of the personal account is used as the basis for issuing pensions.

Social security can be divided into the following types:

1, employee social security, then the group that this employee social security faces is mainly the group that employees and individuals in the enterprise pay social security in the form of flexible employment;

2. Urban and rural residents' social security, then the main groups faced by urban and rural residents' social security are rural residents and residents who have no work units in cities, and they can participate in urban and rural residents' social security.

To sum up, the proportion of social security contributions of units and individuals in different provinces and cities in China is different, and most of them are paid into the national pooling fund by units. Social pooling fund refers to the remaining part of the insurance premium paid by the employer for employees after deducting personal accounts. The social pooling fund belongs to all the insured persons, and is centrally managed and used by the social insurance agency. Social pooling insurance funds shall be stored in special accounts and earmarked for special purposes, and no unit or individual may misappropriate them. The basic old-age insurance co-ordination fund will gradually implement national co-ordination and other social insurance funds will gradually implement provincial co-ordination. The specific time and steps shall be stipulated by the State Council. Part of the social security fees paid by the unit will enter the national pooling fund account. When the insured workers meet certain conditions, the national pooling fund will pay the funds to the insured who meet the treatment requirements. Such as pension, unemployment benefit, maternity allowance, etc. All paid by the national pooling fund.

Legal basis:

Article 12 of the Social Insurance Law of People's Republic of China (PRC)

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.