What is the significance of individual contributions in social security?

Legal analysis: the amount paid by an individual is the amount you should pay according to the regulations. For example, endowment insurance, the unit pays 20%, and the individual pays 8%. If your salary is 2,000 yuan, the individual will pay 180. The payment base of social security is multiplied by the prescribed rate, which is the amount of social insurance premiums that enterprises or individuals should pay. Local social security payment bases are linked to local average wage data. It is determined according to the average monthly wage income of employees from June 1 day to February 1 day in the previous year. Once a year, it will not change within one year after confirmation. The time to apply for adjusting the social security base is July. Enterprises take the total wages of enterprise employees as the payment base, and individual employees take half of their average monthly wages in the previous year as the base for individuals to pay social insurance premiums.

Legal basis: Article 58 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the employer shall apply to the social insurance agency for social insurance registration for employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.