Job Recruitment Website - Social security inquiry - What does universal coverage mean? Will everyone have to pay social security in the future?

What does universal coverage mean? Will everyone have to pay social security in the future?

Universal enrollment means that everyone can add old-age insurance, which is not compulsory but voluntary.

Social insurance is a public welfare and mutual social security organized by the state.

The state develops social insurance undertakings and establishes a social insurance system to help and compensate workers in old age, illness, work injury, unemployment and childbirth.

Employers and workers must participate in social insurance and pay social insurance premiums according to law.

Social insurance includes endowment insurance, unemployment insurance, medical insurance, industrial injury insurance and maternity insurance.

Employers and workers jointly pay social insurance premiums, with 60%-300% of the average monthly salary of employees in the province where the workers are located as the payment base.

The proportion of participation and payment of units is endowment insurance premium, with units paying 20% and individuals paying 8%. ?