Do you still need to pay old-age insurance to pay five insurances?

Legal analysis: No, the five insurances include endowment insurance. Pension insurance payment, like social security payment, needs to be paid at the local social security bureau. Pension payment: the proportion of the basic old-age insurance premium is 13% of the employee's contribution salary, of which the employee pays 5% of his own contribution salary; The enterprise pays 8% of the employees' individual contributions. The employee's personal account is 165438+ 0% of the payment salary; The rest is included in the * * * Economic Fund. The above understanding means to pay 5% every month, and the amount credited to the personal pension account is 1 1%.

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

Tenth employees should participate in the basic old-age insurance, and employers and employees should pay the basic old-age insurance premium.

Twenty-third employees should participate in the basic medical insurance for employees, and employers and employees should pay the basic medical insurance premiums in accordance with state regulations. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.

Article 33 Employees shall participate in work-related injury insurance, and the employer shall pay the work-related injury insurance premium, while employees shall not pay the work-related injury insurance premium.

Forty-fourth employees should participate in unemployment insurance, and employers and employees should pay unemployment insurance premiums in accordance with state regulations.

Fifty-third employees should participate in maternity insurance, the employer should pay maternity insurance premiums in accordance with state regulations, and employees do not pay maternity insurance premiums.