What is the impact of Shanghai social security withholding?

The impact of Shanghai social security withholding is as follows:

1. Impact of pension insurance suspension: pension insurance has no impact, because the pension is calculated according to the amount of personal account and the payment period, and the time is only accumulated, and the suspension time is not calculated. After the accumulated payment reaches 15 years, you can go through retirement procedures when you reach retirement age.

2. Impact of medical insurance payment: You can't enjoy medical insurance treatment in the next month, and you can only seek medical treatment at your own expense. If the payment is suspended for more than 3 months, the continuous payment time will be cleared and it is necessary to start accumulation again. In addition, the premium for purchasing commercial medical insurance may rise. In addition, if you want to enjoy lifelong medical care, you need to pay for 25 years.

3. The impact of maternity insurance, work injury insurance and unemployment insurance: you can't enjoy it next month if you pay it off, even if you continue to pay it this month, you can enjoy it next month. Industrial injury insurance, maternity insurance and unemployment insurance generally do not need to be paid by individuals except unemployment, and unemployment is only paid at work, so the impact and loss on individuals will not be too great. These three types of insurance can be extended to new units.

Social security payment standard:

1, pension insurance units generally pay 20% of the average monthly salary of enterprise employees, and individuals pay 8% of the average monthly salary;

2. The medical insurance unit pays the basic medical insurance premium 10% as the sum of the salary base of all employees, and individuals generally pay 2% of the average monthly salary;

3 work-related injury insurance units shall pay 0.3 to 2% of the total wages of employees in the previous year, and individuals shall not pay;

4. The unemployment insurance unit shall pay 2% of the total wages of the unit, and the employees shall pay unemployment insurance premium at 1% of their wages;

5 maternity insurance units shall pay 0.8% of the wages payable by employees, and individuals shall not pay;

However, there are differences in the proportion of social security payment in different regions, and the data published by each region shall prevail.

To sum up, social insurance is a statutory insurance system enforced by the government through legislation, which uses insurance to deal with the specific social risks faced by workers and provide them with basic income protection when they temporarily or permanently lose their labor ability and income.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Article 26

The basic medical insurance for employees, the new rural cooperative medical system and the basic medical insurance for urban residents shall be implemented in accordance with state regulations.

Article 29

The medical expenses of the insured shall be paid by the basic medical insurance fund, and shall be directly settled by social insurance agencies, medical institutions and pharmaceutical business units.