Job Recruitment Website - Social security inquiry - Shanghai social security pays half and returns half at the age of 45.

Shanghai social security pays half and returns half at the age of 45.

Legal subjectivity:

Shanghai 45-year-old social security can be enjoyed by halving 1 year. Shanghai's assistance policy for small and medium-sized enterprises means that from February 2020 to June 2020, Shanghai's social security will exempt basic old-age insurance, unemployment insurance and work-related injury insurance, and the contributions of the three social insurance units will be halved (from 10.5% to 5.25%).

Legal objectivity:

Article 10 of the Social Insurance Law of People's Republic of China (PRC), employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.