Is social security good for individuals or for companies?

Social security is paid jointly by companies and individuals, but in different proportions. The unit pays social security, and the unit bears a large proportion, of which the pension insurance unit pays 20% and the individual bears 8%; Medical insurance units pay 8%, and individuals bear 2%; The unemployment insurance unit pays 2%, and the individual bears 1%. Work injury insurance and maternity insurance are paid in full by the unit.

Legal objectivity:

Article 60 of the Social Insurance Law, the employing unit shall declare itself and pay social insurance premiums in full and on time. Except for legal reasons such as force majeure, the payment shall not be postponed or reduced. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis. Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.