How is the social security balance calculated?

Legal analysis: 20% of the old-age insurance units and 8% of the individuals, and the individual contributions of the old-age insurance in social security are included in the personal account. Payment includes three parts: personal pension (8% of social security base), medical individual (2% of social security base) and unemployed individual (1% of urban household registration general social security base, and agricultural registered permanent residence does not pay personal part), in which personal pension is included in personal account, and unit payment is not included in personal account, so it cannot be collected in one lump sum when retirement, but included in monthly pension.

Medical insurance: unit 8%, individual 2%, unemployment insurance: unit 2%, individual 1%. Industrial injury insurance and maternity insurance are entirely borne by enterprises, each at around 1%, and individuals do not need to pay. For enterprises in different regions and industries, the proportion paid by units is slightly different, subject to local regulations.

Legal basis: Article 2 of the Social Insurance Law of People's Republic of China (PRC) The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., to protect citizens' right to get material help from the state and society according to law in case of old age, illness, industrial injury, unemployment and maternity.