What does full social security accumulation fund mean?

Full social security provident fund refers to the payment method that the sum of social insurance and provident fund contributions paid by both enterprises and individuals is equal to 100% when enterprises and individuals participate in social insurance and provident fund. This paper will introduce the definition, payment requirements, payment ratio, cost sharing and welfare treatment of full social security provident fund in detail, so as to better understand the meaning of full social security provident fund.

1, the definition of full social security accumulation fund

Full social security provident fund refers to the payment method that the sum of social insurance and provident fund contributions paid by both enterprises and individuals is equal to 100% when enterprises and individuals participate in social insurance and provident fund. Specifically, the proportion of enterprises and individuals paying social insurance and provident fund can be 5050, 4060 or even 3070, but the total must be 100%.

2. Requirements for full payment of social security accumulation fund

According to "People's Republic of China (PRC) Social Insurance Law" and "People's Republic of China (PRC) Provident Fund Law", enterprises and individuals participating in social insurance and provident fund must pay social insurance premiums and provident fund fees on a monthly basis according to the standards set by the state.

3. Proportion of full payment of social security accumulation fund

The proportion of full social security accumulation fund refers to the proportion of social insurance and accumulation fund paid by both enterprises and individuals. Under normal circumstances, enterprises should pay social insurance premiums and provident fund fees according to the payment ratio stipulated by the state, and individuals can flexibly choose the payment ratio according to their own actual conditions.

4. Cost sharing of full social security provident fund

The cost sharing of full social security provident fund refers to the amount of social insurance premiums and provident fund fees paid by both enterprises and individuals. Under normal circumstances, enterprises should pay social insurance premiums and provident fund fees according to the payment ratio stipulated by the state, while individuals can flexibly choose the payment amount according to their own actual situation.

5, the benefits of social security provident fund

Social security provident fund treatment refers to the treatment that enterprises and individuals who participate in social insurance and provident fund can enjoy. Specifically, enterprises and individuals who participate in social insurance and provident fund can enjoy social security and provident fund subsidies, as well as other policy benefits.

As can be seen from the above, the full amount of social security provident fund refers to the payment method that the sum of social insurance and provident fund contributions paid by both enterprises and individuals is equal to 100% when enterprises and individuals participate in social insurance and provident fund. Enterprises and individuals participating in social insurance and provident fund can enjoy social insurance and provident fund subsidies and other preferential policies. Therefore, participating in the full social security provident fund is a recommended choice.