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How many social security funds are there in Shenzhen?
20% of the total wages paid by Shenzhen's first social security pooling fund goes into the social endowment insurance pooling fund.
If the company belongs to a public institution, it needs to pay 20% of the total wages of employees to enter the social endowment insurance pooling fund. Individuals deposit 8% of their monthly income into their personal accounts. If it is an individual merchant, it is necessary to pay 12% of the employee's salary into the social pension fund. Individuals deposit 8% of their monthly income into their personal accounts.
Flexible employees pay 20% of the average monthly salary of the local society, of which 12% belongs to the overall planning and 8% belongs to individuals.
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