Is social security a welfare fund?

Insurance Bian Xiao helps you answer, and more questions can be answered online.

Social security is not a welfare fund, but a part of the salary payable to employees. Welfare expenses are strictly limited, such as kindergarten expenses sponsored by the unit.

When paying social insurance premiums, it is necessary to distinguish between the unit part and the individual part. The company needs to accrue expenses, and the lender should record the wages payable to employees-social security.

The personal part is directly linked to the employee's salary payable-social security debit, which is deducted from the salary when the salary is paid and included in the employee's salary payable-social security credit.