Where is the social security paid by the company?

The social security paid by the company has the following purposes: 1. Old-age insurance: After paying the old-age insurance, men aged 60 and women aged 55 can start to receive the old-age pension (except for special posts). 2. Medical insurance: Medical treatment in hospitals that support medical insurance can be reimbursed, and the reimbursement ratio of each hospital is different. 3. Maternity insurance: when giving birth to a child, you can reimburse the birth check-up and production expenses and apply for subsidies. 4. Unemployment insurance: during unemployment, you can receive a basic security fee, and the time limit for receiving it varies according to the payment time. 5. Work-related injury insurance: The state and society will provide material assistance to workers who suffer accidental injuries or lose their ability to work at work or under specified special circumstances. Article 27 of the Social Insurance Law: If an individual who participates in the basic medical insurance for employees reaches the statutory retirement age and the accumulated payment reaches the number of years stipulated by the state, he will not pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits according to the state regulations; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state.

Legal objectivity:

Article 86 of "People's Republic of China (PRC) Social Insurance Law" * * * If the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it within a time limit or make up for it, and from the date of default, an overdue fine of 0.5% shall be charged on a daily basis; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.