What is the use of the company's portion of social security

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According to the provisions of the national social insurance, the social insurance paid by the employer, all into the coordinated funds, as the name suggests, the coordinated funds, is used to carry out the overall arrangement of funds, benefiting all eligible participants.

Firstly, the retirement pension of the insured is composed of the basic pension, transitional pension, account pension, and adjusting pension, etc. Among them, the basic pension, transitional pension, adjusting pension, etc. are all transferred from the coordinated fund, and the insured only bears the part of the individual account.

After the retirement of the insured, the annual adjustment of the pension, the heating fee, the funeral fee after death, and the pension, etc. are also transferred from the coordinated fund. Pensions and so on are also paid from the pooled funds, so the pooled funds paid by the organization are all used for the participants, not for the country as some people say.

Secondly, medical insurance, medical insurance in addition to the personal account, the employer's contribution, but also a large part of the funds into the integrated funds, used to pay for the part of the participants in the medical reimbursement.