Is social security the same as five insurances?

Yes, the social security paid by the company is the same as the five insurances.

However, social security is also divided into social security paid by individuals and social security paid by companies for employees. If an individual pays social security, he only participates in three insurances: endowment insurance, medical insurance and maternity insurance, and does not participate in work injury insurance and unemployment insurance, so personal social security is different from five insurances.

Social security is the abbreviation of social financial security, and it is also the "five insurances and one gold". Social security, that is, social insurance, is a general term for five kinds of insurance: endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Five insurances refer to endowment insurance, medical insurance, maternity insurance, industrial injury insurance and unemployment insurance, so they are just different expressions. Actually, they all mean the same thing. General companies do not apply for provident fund for employees, so they directly talk about social security. The five insurances are generally called "five insurances and one gold" together with the housing provident fund, but the provident fund does not belong to social security.

Social security is paid by the unit and individual * * *, and we personally pay a small part, and the company's Jiaotong University part.

The following is the calculation formula of social security payment: payment fee = payment base * payment ratio.

Payment base: determined according to the average monthly salary of employees in the previous year. The upper and lower limits of the social security contribution base are between 60% and 300% of the local average wage.

Legal basis:

Article 2 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the state shall establish social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 stipulates that the social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.