What does social security levy mean?

Social security collection refers to a way of entrusting enterprises and employees to pay social insurance fees (such as endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance, etc.). ) to the bank for automatic withholding and collection. Enterprises and employees pay social security fees according to the prescribed proportion, and banks collect and manage them on their behalf to ensure the timely and accurate payment and use of social security fees.