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Social Security and Provident Fund in Suzhou
Social insurance is managed by Suzhou Social Insurance Fund Management Center, and housing accumulation fund is managed by our center.
According to the Regulations of the State Council on the Management of Housing Provident Fund and the Measures of Suzhou Municipal Government on the Management of Housing Provident Fund, the unit shall pay the housing provident fund for the employees.
According to the regulations, the deposit ratio of housing provident fund is 8%- 12%, which is the same for individuals and units. Employees can withdraw the provident fund in full after retirement.
Regarding social security, it is suggested to consult Suzhou Social Insurance Fund Management Center.
Regarding the social security ratio, it should be:
Pension: 20% for the unit and 8% for the individual.
Medical treatment: unit 9%+ 1%, individual 2%+5 yuan.
Fertility rate: unit 1%
Unemployment rate: employers 2%, individuals 1%.
Work injury: unit 1%.
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