Does the enterprise pay five insurances and one gold for employees, including endowment insurance?

The five insurances and one gold paid by enterprises for employees include endowment insurance.

Five insurances and one gold refer to several kinds of security benefits provided to workers by employers, including endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund.

The functions of five insurances and one gold are as follows:

1, old-age insurance is for providing for the elderly, and workers can receive pensions when they reach the legal retirement age;

2. Medical insurance is used for medical reimbursement when employees are sick;

3. Unemployment insurance means that employees receive living expenses after unemployment;

4. Maternity insurance is a maternity reimbursement and related treatment for employees when they give birth;

5. Work-related injury insurance refers to the payment of medical expenses or compensation for work-related injuries for employees who have suffered work-related injuries;

6. Housing accumulation fund is a housing reform. Enterprises and employees each pay a certain amount of housing provident fund, and those who meet the extraction conditions can be withdrawn, or they can enjoy lower housing loan interest when buying commercial housing, thus reducing the economic burden of employees.

Two situations of repeated participation are as follows:

1, repeated participation system, which means that the insured repeatedly participates in the same social insurance system across regions; Generally speaking, employees have participated in the basic old-age insurance for employees in many places at the same time, or residents have participated in the basic old-age insurance for residents in different areas at the same time;

2 cross-system repeated insurance, the insured also participated in the endowment insurance for urban workers and urban and rural residents. Generally speaking, when employees are on the job, while the company pays the basic old-age insurance for employees, residents also pay the basic old-age insurance premium for residents in the insured areas on an annual basis.

To sum up, repeated participation in the basic old-age insurance will not be accumulated into the payment period and payment amount. If the insured has repeated insurance, it is best to stop the repeated insurance payment in time and go to the local social security agency to handle the surrender business; In this case, only part of the individual contributions can be refunded, and the part paid by the unit is included in the social pooling. If it is caused by non-insured units or individuals, the fee will be refunded in full.

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, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.