Why does China have to pay so much social security?

Social insurance = endowment insurance+medical insurance+unemployment insurance+industrial injury insurance+maternity insurance+housing accumulation fund.

The specific social security composition ratio is:

Endowment insurance: the unit pays 2 1% per month, and you pay 8% yourself;

Medical insurance: the unit pays 9% per month, and you pay 2% plus 10 yuan's major illness co-ordination (major illness co-ordination mainly covers hospitalization);

Unemployment insurance: the unit pays 2% per month, and you pay1%yourself;

Work-related injury insurance: the unit is 0.5% per month, and you don't have to pay a penny yourself;

Maternity insurance: the unit pays 0.8% per month, and you don't have to pay a penny yourself;

Housing accumulation fund: the unit pays 8% every month, and you pay 8% yourself.

Above, in this way, the monthly social security contribution ratio of the company should be 21%+9%+2%+0.5%+0.8%+8% = 41.3%.

My monthly social security payment should be 8%+2%+10+1%+8% =19%+10.

Leaving aside your own contribution of 10 yuan for the time being, the ratio between what the company pays and what you pay should be 4 13: 190, which means that if you pay 190 yuan social security for yourself every month, the company will put 4 13 yuan into your social security account and add it to your social security account every month.

This answer was recommended by Hu Haitian, an expert in regulation classification.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.