What does a unified social security fee mean?

Social pooling refers to the unified collection, unified management and unified adjustment and use of social insurance funds by social insurance agencies in a large scope according to law. This system adopts the traditional mode of raising basic old-age insurance expenses when raising basic old-age insurance funds.

That is, jointly owned by the state, units and individuals; The basic old-age insurance fund implements social mutual aid; In the calculation and payment of basic pension, the structural calculation and payment method is adopted, emphasizing the incentive factors and labor contribution differences of personal account pension. The basic old-age insurance is enforced by the state, and its purpose is to protect the basic needs of retirees.

The social security paid is divided into two parts: a small part is paid into the personal account, and most of it belongs to the overall fund.

The overall fund basically has nothing to do with itself. Generally speaking, it is the state that allocates part of the money to support the retired elderly and reimburse them for medical insurance.

The individual part is his own, and the pension personal account part affects the retirement salary.

In the future, the pension calculation and payment method is basic pension+personal account pension.

The total amount in the personal pension account divided by the number of payment months is the monthly pension in the personal account plus the basic pension is the retirement salary. The basic pension is related to the social salary, payment period and payment base in the year of retirement.

legal ground

labour law

Article 72 stipulates that employers and workers must participate in social insurance and pay social insurance premiums according to law.

Labor Contract Law

Paragraph 3 of Article 38 stipulates that if the employing unit fails to pay social insurance premiums for the employees according to law, the employees may terminate the labor contract.

Social insurance law

Tenth employees should participate in the basic old-age insurance, the basic old-age insurance premiums paid by the employer and employees.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.