What is the self-funded part of social security?

There are two main ways to pay out-of-pocket social security, one is to pay social security for residents, and the other is to pay social security.

Individuals as freelancers pay social insurance: according to the prescribed payment base (local differences), they pay according to a certain proportion, and local regulations are different. Endowment insurance is generally paid at the rate of 18-28%, and medical insurance is generally paid at the rate of 6- 10% of the local average wage level in the previous year. Conditions: Have urban household registration in this city, and meet the conditions for insurance.

Unit payment: that is, the unit and the individual jointly pay, the unit pays part, and the individual pays part, according to a certain proportion of the individual's average monthly salary income in the previous year. The individual part is paid according to 8% of the average salary of the individual in the previous year, 2% for medical insurance and 0.5- 1% for unemployment insurance.