Proportion of social security payment in Hangzhou

Legal analysis: the latest social security payment ratio in Hangzhou is: pension insurance company pays 14%, and individual pays 8%; Unemployment insurance is paid by the company 0.5% and the individual 0.5%; Industrial injury insurance is paid by the company according to the industry, and individuals do not pay it; Maternity insurance is paid by the company at the rate of 1.2%, but not by individuals; Companies pay 10.5%, and individuals pay 2% of medical insurance.

Legal basis: Article 12 of the Social Insurance Law of People's Republic of China (PRC), the employing unit shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.