The company pays Shenzhen social security and deducts our personal retirement for 200 months every month, okay?

The company pays Shenzhen social security and deducts 200 months every month, so it's good for us to retire individually. Paying social security is an important measure to protect the rights and interests of employees, including endowment insurance, medical insurance, work injury insurance, unemployment insurance and maternity insurance. Among them, endowment insurance is a social security system that provides basic living security for employees after retirement. In Shenzhen, enterprises and individual employees pay endowment insurance premiums according to a certain proportion, with enterprises paying 20% and individual employees paying 8%. Therefore, if the company deducts your personal 200 yuan as the old-age insurance premium every month, it means that the proportion of personal contributions in your salary exceeds 8%, and accordingly, the enterprise will pay the old-age insurance premium for you in accordance with the prescribed proportion.