What is social security payment?

Legal analysis: (1) If the wage income of employees is higher than 300% of the average wage of local employees in the previous year, the payment base shall be 300% of the average wage of local employees in the previous year; 2) If the wage income of employees is lower than 60% of the local average wage of employees in the previous year, the payment base is 60%; 3) If the employee's salary is between 300% and 60%, it shall be declared according to the facts. When it is impossible to determine the wage income of employees, the payment base shall be determined according to the local average wage of employees in the previous year published by the local labor administrative department. Social security will regularly check the base every year (March or July, in different places), and declare a new base according to the average monthly salary of employees in the previous year. It is necessary to prepare proof of these payroll. Other data are as follows: 1. Endowment insurance: the company pays 2 1% per month and 8% for itself; Medical insurance: 9% for the company and 2% for itself; Unemployment insurance: 2% for the company, self1%; Work-related injury insurance: 0.5% of the company, free of charge. I don't have to pay a penny. 6. Housing accumulation fund: the unit pays you 8% every month, and you pay 8% yourself. The monthly payment ratio is 8%+2%+ 1%+8%9%.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 65 Social insurance funds shall achieve balance of payments through budgets. When the social insurance fund is insufficient to pay, the people's governments at or above the county level shall give subsidies.

Article 66 The social insurance fund shall establish its budget according to the overall level. In addition to the basic medical insurance fund and maternity insurance fund budget combined, other social insurance fund budgets are compiled separately according to social insurance projects.

Article 67 The preparation and examination and approval of the draft budget and final accounts of the social insurance fund shall be carried out in accordance with the law and the provisions of the State Council.

Article 68 Social insurance funds shall be deposited in special financial accounts, and specific management measures shall be formulated by the State Council.