What social security does the company need to pay?

According to the regulations, companies should pay social insurance for employees. Social insurance mainly includes endowment insurance, industrial injury insurance, medical insurance, maternity insurance and unemployment insurance (that is, we often say five insurances). According to the provisions of the Social Insurance Law, employers have the responsibility and obligation to participate in five insurances and one fund for employees' pension, medical care, unemployment, work injury, maternity insurance and housing provident fund (the Regulations on the Administration of Housing Provident Fund stipulates that enterprises should participate in purchasing housing provident fund for employees).

1. Endowment insurance is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. (Enterprises pay 20% and individuals pay 8%, totaling 28%. )

2. Medical insurance is divided into basic medical insurance and social medical insurance. Medical security refers to ensuring that employees can get affordable and appropriate treatment technologies when they are sick, including basic drugs, basic services, basic technologies and basic expenses. Social medical insurance is a social insurance system established by the state and society according to certain laws and regulations to provide basic medical needs for workers within the scope of protection. (enterprise contribution ratio 10%, individual contribution ratio 2%, total 12%. )

3. Industrial injury insurance refers to a social insurance system in which workers and their survivors can obtain necessary material compensation from the state and society when they die or temporarily or permanently lose their ability to work due to accidental injuries or occupational diseases. (Enterprises pay 0.5%-2%, but individuals don't need to pay. )

4. Maternity insurance is a social policy that the state provides economic and material help to maternity workers through social insurance legislation. Its purpose is to provide maternity allowance, maternity leave and medical services for female workers, to ensure their basic economic income and medical care when they temporarily lose their working ability due to childbirth, and to help female workers recover their working ability and return to work, thus reflecting the support and care given to women by the state and society in this special period. (The enterprise contribution rate is 0.8%, and individuals do not need to pay. )

5. Unemployment insurance refers to a system that is enforced by the state through legislation, and funds are set up by the society to provide material assistance to workers who temporarily suspend their livelihood due to unemployment. (The enterprise pays 2%, and the individual pays 1%, totaling 3%. )

: Relevant regulations of the company's payment base

Upper limit of payment base: the part where the wage income of employees exceeds 300% of the arithmetic average monthly wage of employees in provinces and cities in the previous year is not included in the payment base;

Lower limit of payment base: if the wage income of employees is lower than 60% of the arithmetic average monthly salary of employees in provinces and cities in the previous year, 60% of the arithmetic average monthly salary of employees in provinces and cities in the previous year shall be the payment base.

There are upper and lower limits on the social insurance payment base, and the minimum can not be lower than 60% of the average monthly salary of employees in the whole city last year (employees in private enterprises, employees in individual industrial and commercial households and employees in non-local urban households shall not be lower than 50%, and shareholders and owners of private enterprises as legal persons and individual industrial and commercial households shall not be lower than100%); The maximum can not be higher than 300% of the average monthly salary of employees in the city last year. The average wage of employees in this Municipality is published annually by the Municipal Bureau of Statistics.

Note: The payment base is fixed for one year in the same payment year and cannot be changed halfway. From April to June every year, the employer shall declare the social insurance payment base of its employees in the new year according to the notice of the local social insurance agency.