What expenses does social security payment include?

Social insurance premiums include endowment insurance, maternity insurance, medical insurance, unemployment insurance and industrial injury insurance. According to the provisions of the current law, units and citizens need to pay these five types of fees after establishing labor relations, and such fees shall not be reduced or exempted.

1. What are the contents of social insurance premium?

1, social insurance premiums include old-age insurance, maternity insurance, medical insurance, unemployment insurance and industrial injury insurance.

According to the Social Insurance Law

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

2. The insured unit shall pay the social insurance premium in full in cash within 3 days after the social insurance agency approves its payment declaration.

Payment methods of social insurance can be roughly divided into three categories:

(1) Pay in the bank where the account is opened;

(2) Pay by cheque or cash in the social insurance agency;

(3) Other methods agreed with the social insurance agency.

Insured units and individuals can adopt different payment methods according to their actual conditions.

2. Can social insurance premiums be reduced or exempted?

1. Social insurance premiums cannot be reduced.

According to the Regulations on the Administration of Social Insurance

Twelfth payment units and individuals shall pay social insurance premiums in full in the form of money.

The social insurance premium that the payer should pay shall be withheld and remitted from his own salary by his unit.

Social insurance premiums shall not be reduced or exempted.

2. If the unit fails to pay social security on time, it may be ordered to pay social security and pay a certain amount of withholding money.

Article 86 of the Social Insurance Law stipulates: "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; If it fails to pay within the time limit, the relevant administrative department shall impose a fine of more than one time and less than three times the amount owed. "

Article 86 If an employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 shall be added daily; 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.

Because "Social Insurance Law" and other relevant laws not only stipulate that the unit has the obligation to pay social insurance premiums for its employees, but also stipulate that it is necessary to pay late fees if it fails to pay social insurance, most units will choose to fulfill their obligations to pay social insurance according to law.