Social security ratio in Shenzhen

As of March 9, 2023, the social security ratio in Shenzhen is as follows:

1. Pension insurance contribution ratio: unit contribution 14%, individual contribution 8%, * * * is 22%.

2. The proportion of medical insurance payment: the unit pays 6.2% (basic first grade) +0.5% (maternity insurance), and the individual pays 2% (basic first grade), which is 8.7%.

3. Unemployment insurance: the unit pays 2%+ the individual pays 1%.

4. Industrial injury insurance: benchmark ratio: 0.4%, 0.8%, 1.2%. After the floating rate is implemented, it will be paid according to the actual payment rate.

5. Payment ratio of housing provident fund (the ratio of units and individuals is the same): 10%-40%, with each unit and individual bearing half.

Characteristics of social security

Features 1: The objective basis of social insurance is the risks existing in the labor field, and the object of insurance is the workers themselves.

Feature 2: The subject of social insurance is specific. Including workers (including their relatives) and employers.

Feature 3: Social insurance is compulsory.

Feature 4: The purpose of social insurance is to maintain the reproduction of labor force.

Feature 5: The insurance fund comes from the contributions and financial support of employers and workers. Insurance coverage is limited to employees, excluding other social members.