How to calculate the social security payment?

The social security payment algorithm is as follows:

1, endowment insurance, units and individuals pay 20% and 8% respectively;

2, medical insurance, units and individuals pay 12%, 2% respectively;

3. Unemployment insurance, units and individuals pay 2% and 0% respectively;

4, maternity insurance units to pay 0.60%, individuals do not pay;

5, work-related injury insurance units pay 2%, individuals do not pay.

Legal basis: Article 10 of the Social Insurance Law of People's Republic of China (PRC).

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

What are the scope of social security?

1, endowment insurance. The state and society establish a social insurance system in accordance with certain laws and regulations to solve the basic life of workers after they reach the working age limit stipulated by the state, terminate their labor obligations or quit their jobs because of old age.

2. Unemployment insurance, a system that provides material assistance to workers who have temporarily interrupted their sources of livelihood because of unemployment, thus ensuring the basic livelihood of unemployed people during unemployment and promoting their re-employment;

3. Work-related injury insurance refers to a social security system in which the state and society provide medical care, living security, economic compensation, medical treatment and vocational rehabilitation to workers and their relatives who suffer from accidents and occupational diseases in production and work;

Medical insurance is a kind of material help provided by the state or society when workers are sick or injured, that is, a social security system that provides medical services or economic compensation. The public medical care and labor insurance medical care established in the early 1950 s in China are collectively referred to as employee medical insurance;

5. Maternity insurance refers to a social insurance system in which the state and society provide timely material assistance through national legislation to ensure the basic livelihood of workers and the medical care needs during pregnancy and childbirth when the labor force is temporarily interrupted due to childbirth.