Job Recruitment Website - Social security inquiry - Who will pay for social insurance?
Who will pay for social insurance?
Legal analysis: Social insurance premiums are generally shared by the state, the employer and the insured. Social insurance is an institutional arrangement imposed by the government to distribute wealth, which is actually a tax.
Legal basis: Article 11 of the Social Insurance Law of People's Republic of China (PRC) implements the combination of social pooling and individual accounts for basic old-age insurance. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.
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