What Social Security Deductions and Social Security Adjustment Items Mean

Social security adjustment item refers to the social security according to each participant's annual salary increase to adjust the amount of contributions. Social security deduction, refers to the deduction is the unit is the social security payments, electronic tax payment into the system in the taxpayer in charge of the state tax, local tax authorities to complete the merger, the taxpayer can be entrusted to transfer the tax (fees) after signing a tripartite agreement.

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, and so on, to guarantee the right of citizens to obtain material assistance from the state and society in accordance with the law in the case of old age, illness, industrial injury, unemployment and maternity, and so on.

Article 3 The social insurance system adheres to the policy of broad coverage, basic protection, multi-level and sustainability, and the level of social insurance shall be commensurate with the level of economic and social development.

The employer shall, within thirty days from the date of its establishment, apply to the local social insurance agency for registration of social insurance on the basis of its business license, certificate of registration or seal of the unit. The social insurance agency shall examine the application within fifteen days from the date of receipt and issue the social insurance registration document.

If the employer's social insurance registration changes or the employer is terminated according to law, the employer shall, within thirty days from the date of change or termination, apply to the social insurance agency for change or cancellation of social insurance registration.

The market supervision and management department, the civil affairs department and the organization and establishment management organs shall promptly notify the social insurance agency of the establishment or termination of the employer, and the public security organs shall promptly notify the social insurance agency of an individual's birth, death, and hukou registration, relocation and cancellation.

Legal basis: Article 60 of the Social Insurance Law of the People's Republic of China shall be declared by the employer, and social insurance premiums shall be paid in full and on time, and shall not be deferred or waived except for force majeure and other legal reasons. Employees should pay social insurance premiums by the employer withholding payment, the employer shall inform the person on a monthly basis of the details of the payment of social insurance premiums.

Individual entrepreneurs without employees, part-time workers who do not participate in social insurance with their employers, and other flexibly employed persons may pay social insurance premiums directly to the social insurance premium collection organization.