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Why is there a transfer in the social security card?
Legal analysis: social security is managed according to the overall account. 80% of the contributions made by units and individuals should go into the overall account, and about 20% of the balance should go into the personal account, that is, the part that is paid into your own account every month.
Legal basis: Article 23 of the Social Insurance Law of People's Republic of China (PRC), employees shall participate in the basic medical insurance for employees, and both employers and employees shall pay the basic medical insurance premium according to the provisions of the state.
Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.
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