What social security does the enterprise pay?

Social security paid by enterprises includes: endowment insurance, medical insurance, industrial injury insurance, unemployment insurance and maternity insurance.

1. Endowment insurance is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. (Enterprises pay 20% and individuals pay 8%, totaling 28%. )

2. Medical insurance is divided into basic medical insurance and social medical insurance. Medical security refers to ensuring that employees can get affordable and appropriate treatment technologies when they are sick, including basic drugs, basic services, basic technologies and basic expenses. Social medical insurance is a social insurance system established by the state and society according to certain laws and regulations to provide basic medical needs for workers within the scope of protection. (enterprise contribution ratio 10%, individual contribution ratio 2%, total 12%. )

3. Industrial injury insurance refers to a social insurance system in which workers and their survivors can obtain necessary material compensation from the state and society when they die or temporarily or permanently lose their ability to work due to accidental injuries or occupational diseases. (Enterprises pay 0.5%-2%, but individuals don't need to pay. )

4. Maternity insurance is a social policy that the state provides economic and material help to maternity workers through social insurance legislation. Its purpose is to provide maternity allowance, maternity leave and medical services for female workers, to ensure their basic economic income and medical care when they temporarily lose their working ability due to childbirth, and to help female workers recover their working ability and return to work, thus reflecting the support and care given to women by the state and society in this special period. (The enterprise contribution rate is 0.8%, and individuals do not need to pay. )

5. Unemployment insurance refers to a system that is enforced by the state through legislation, and funds are set up by the society to provide material assistance to workers who temporarily suspend their livelihood due to unemployment. (The enterprise pays 2%, and the individual pays 1%, totaling 3%. )

To sum up, companies must include five kinds of insurance when purchasing social insurance for employees, but the benchmark of payment amount is generally determined according to the local average wage, and the payment amount is generally distributed by units and individuals in proportion. The payment base is fixed for one year in the same payment year and will not be changed halfway.

legal ground

People's Republic of China (PRC) social insurance law

Article 12

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.

Article 23

Employees should participate in the basic medical insurance for employees, and employers and employees should pay the basic medical insurance premiums in accordance with state regulations.

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.

Article 33

Employees shall participate in work-related injury insurance, and the employer shall pay the work-related injury insurance premium, and the employees shall not pay the work-related injury insurance premium.

Article 44

Employees should participate in unemployment insurance, and employers and employees should pay unemployment insurance premiums in accordance with state regulations.

Article 53

Employees shall participate in maternity insurance, and the employer shall pay maternity insurance premiums in accordance with state regulations, and employees shall not pay maternity insurance premiums.