Social security payment ratio

Social security contribution ratio: 10% for the pension insurance company and 8% for the individual.

In social security, the basic medical insurance company bears 8% and the individual bears 2%. Both industrial injury insurance and maternity insurance are borne by the company, and the ratio is 1%. Unemployment insurance company 2%, individual 1%. The contribution ratio of housing provident fund units and individuals is 12% respectively.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Social insurance is a kind of contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions.

Social security financial system

1, pay-as-you-go system

Pay-as-you-go system refers to a financial system that uses the insurance premiums collected in the current period for the current payment, so that the insurance financial revenue and expenditure are generally balanced. In addition to pension insurance projects, general social security projects adopt this financial system.

2. Complete accumulation system

This system is a financial system that determines an average rate that can ensure a long-term balance of payments after long-term calculation of related factors that affect the rate, and forms all insurance premiums (taxes) into social insurance funds. This financial system is widely used in the personal account plan of endowment insurance under the framework of enterprise annuity system and social insurance system.

3. Partial accumulation system

This system is a mixture of pay-as-you-go system and full accumulation system. At first, its rate was higher than the pay-as-you-go system and lower than the full accumulation system. In terms of reserves, it will be higher than the pay-as-you-go system and lower than the total accumulation system.

The above contents refer to Baidu Encyclopedia-Social Insurance.