Shanghai treasures are included in the social security plan.

Calculation rules of Shanghai treasures

Shanghai Urban Insurance Fund is also called small town insurance, or "town insurance" for short. "Zhenbao" is a basic social insurance system established by the Shanghai Municipal Government in 2003. It was originally to solve the social insurance problem of landless peasants. At that time, it was a "pioneering work" in Shanghai, and only Shanghai in the country had this system.

Urban insurance consists of the overall planning part of basic insurance and the personal account part of supplementary insurance. The basic insurance is levied by the government and implemented as a whole by the society. Supplementary insurance is guided and encouraged by the government, and personal accounts are established. The overall part of basic insurance in urban insurance, the payment base is 60% of the average monthly salary of employees in the city last year; Individual accounts for supplementary insurance for urban insurance shall be paid by units and individuals in accordance with the relevant provisions of the Interim Measures for Urban Insurance. The principal and interest in the personal account are owned by the individual. If you don't plan as a whole, you will get more if you charge more. At the same time, they also have a variety of uses, such as supplementary pension insurance, supplementary medical insurance, and living allowance for land-expropriated personnel.

"Zhenbao" has not only the basic insurance part, but also the supplementary insurance part. It is a comprehensive social insurance system that combines basic insurance social pooling with supplementary insurance personal accounts. The basic insurance part of "urban insurance" currently includes pension, medical care, unemployment, maternity and work injury insurance; Supplementary insurance includes supplementary pension, supplementary medical insurance and living allowance for land-expropriated personnel.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.