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No social security account company to pay the social security where to go

Without a social security account the social security fees paid by the company are deposited into the individual account and co-ordinated account of the social security fund respectively, while the housing fund is paid to the housing fund management center.

The five insurance premiums paid by the company include pension insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing fund. These fees are paid by the company and will be transferred to the appropriate account. The social security fees will be transferred to the social security fund, part of which will be deposited into individual accounts for the accumulation of one's social security benefits, and the other part will be deposited into a co-ordinated account for the overall operation of social security. The housing provident fund will then be transferred to the housing provident fund management center for the accumulation and management of the individual's housing provident fund. In this way, when individuals enjoy social security and housing fund benefits, they can obtain the corresponding financial support from both the individual account and the co-ordinated account.