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Minimum standard of Luoyang social security payment base
1. Endowment insurance: the company pays 16% and the individual pays 8%;
2. Unemployment insurance: the company pays 0.7% and the individual pays 0.3%;
3. Work-related injury insurance: the company pays by industry, and the individual does not pay;
4. Maternity insurance: the company pays 0.5%, and the individual does not pay;
5. Medical insurance: the company pays 7% and the individual pays 2%;
6. Provident fund: the company pays 5- 12% and the individual pays 5- 12%.
Legal basis: Article 2 of People's Republic of China (PRC) Social Insurance Law The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. To ensure citizens' right to receive material assistance from the state and society in accordance with the law in cases of old age, illness, work injury, unemployment and maternity.
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