What is the social security withholding ratio?

The proportion of social security withholding refers to the social security fees that enterprises and employees should pay respectively according to the legal proportion, in which the proportion that enterprises and employees need to bear is different, and the specific proportion will be different in different cities and different social security projects.

The social security withholding ratio refers to the social security fees paid by employees and enterprises respectively according to the legal proportion, which mainly includes five social security items, such as basic old-age insurance, basic medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Among them, enterprises and employees need to bear different proportions, and the specific proportions will vary from city to city and social security projects. Taking the basic old-age insurance as an example, according to national and local regulations, enterprises should pay social security fees according to a certain proportion of employees' wages; The proportion of employees' individual contributions will also vary according to local policies. In most cities, the contribution ratio of enterprises and employees is 20% and 8% respectively, but in some economically backward areas, the contribution ratio of enterprises and employees may be reduced. In addition to the basic old-age insurance, the proportion of other social security projects is also different. For example, the contribution rates of enterprises and employees in basic medical insurance are 10% and 2% respectively; The contribution rates of enterprises and employees in unemployment insurance are 1.5% and 0.5% respectively; The contribution ratio of enterprises in industrial injury insurance varies with different industries, but employees do not need to pay; The contribution rates of maternity insurance enterprises and employees are 1% and 0.8% respectively.

Will the social security withholding ratio change with time? The social security withholding ratio is stipulated according to national and local policies, so with the passage of time and the adjustment of policies, the social security withholding ratio may also change. For example, in 20021,the proportion of social security withholding and payment for basic old-age insurance, basic medical insurance and unemployment insurance was adjusted uniformly throughout the country. Therefore, enterprises and employees should consult the latest policies and regulations in time before paying fees.

The proportion of social security withholding is a rule that employees and enterprises must abide by according to law. In different social security projects and cities, the proportion varies greatly. Enterprises and employees should know the payment ratio of their own cities and social security projects, pay social security fees in a timely and accurate manner in accordance with regulations, and ensure that employees' social security rights and interests are guaranteed. At the same time, with the changes and adjustments of national policies, enterprises and employees should also pay close attention to the latest policies and regulations on the proportion of social security withholding.

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.