Provisions on payment of social security for enterprises

1. The minimum social security standard paid by enterprises for employees shall not be less than 60% of the average monthly salary of employees in the whole city in the previous year; The maximum can not be higher than 300% of the average monthly salary of employees in the city last year. Social security contribution ratio: pension insurance unit pays 16%, and individual pays 8%; Medical insurance unit 10%, individual 2%+3 yuan; Unemployment insurance unit 1%, individual 0.2%; Work injury insurance and maternity insurance are only paid by the employer.

2. Enterprise social insurance is referred to as enterprise social insurance for short, also known as company social insurance, and resident social insurance are two concepts, which refer to the types of social insurance that employees of enterprises participate in. China's current social insurance law stipulates that employers must participate in enterprise social insurance for employees in accordance with regulations and pay social insurance premiums in full and on time. If the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 shall be added daily; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.

3. What does enterprise social insurance include?

At present, China's enterprise social insurance includes five types of insurance: enterprise endowment insurance, enterprise medical insurance, unemployment insurance, maternity insurance and industrial injury insurance. It is generally required to purchase five types of insurance at the same time. Among them, pension insurance, medical insurance and unemployment insurance are jointly undertaken by both employers and employees, while maternity insurance and work-related injury insurance are solely undertaken by employers, and employees themselves do not need to pay related expenses.

legal ground

People's Republic of China (PRC) social insurance law

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.

People's Republic of China (PRC) social insurance law

Article 34 The state determines the differential rates of different industries according to the degree of industrial injury risk, and determines the rate grades of different industries according to the use of industrial injury insurance funds and the incidence of industrial injuries. Industry differential rates and intra-industry rates shall be formulated by the administrative department of social insurance of the State Council, and promulgated and implemented after being approved by the State Council.

Social insurance agencies shall determine the employer's payment rate according to the employer's use of work-related injury insurance funds, the incidence of work-related injuries and the level of industry rates.