How much is five insurances and one gold in China?

1. What is "five insurances and one gold"?

"Five insurances and one fund" is the abbreviation of five social insurances stipulated in the Social Insurance Law and the housing provident fund stipulated in the Regulations on the Management of Housing Provident Fund. Specifically, "five insurances" refer to basic old-age insurance, basic medical insurance, unemployment insurance, industrial injury insurance and maternity insurance, which is what we usually call "social security"; And "one gold" refers to the housing provident fund.

At present, the housing provident fund has not been fully covered. According to the regulations, state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations should pay housing provident fund for employees, excluding individual economic organizations such as individual industrial and commercial households.

2. What benefits can I enjoy by paying "five insurances and one gold"?

0 1 social insurance benefits

To put it simply, workers who have participated in the basic old-age insurance can receive a monthly pension when they reach the statutory retirement age, if they have accumulated contributions for fifteen years. In case of death due to illness or non-work-related reasons, the survivors can receive funeral subsidies and pensions from the endowment insurance fund. Those who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can also receive disability allowance;

Employees who pay basic medical insurance can enjoy medical insurance reimbursement when they are hospitalized;

Workers who pay unemployment insurance benefits can receive unemployment insurance benefits from the unemployment insurance fund when they meet certain unemployment conditions;

Workers who pay work-related injury insurance can enjoy work-related injury insurance benefits such as disability allowance, one-time disability allowance and one-time medical subsidy if they are injured by accidents or suffer from occupational diseases due to work reasons and are recognized as work-related injuries;

Workers who pay maternity insurance premiums can enjoy maternity insurance benefits including maternity medical expenses and maternity allowance.

Benefits that can be enjoyed by paying provident fund.

When purchasing, building, renovating or overhauling their own houses, employees who have paid the housing provident fund can withdraw and use the storage balance in the housing provident fund account, apply for housing provident fund loans from the housing provident fund management center, and enjoy low-interest loans with preferential interest rates compared with commercial loans. Those who have mortgages can also use the provident fund to repay their mortgages.

In addition, when employees meet certain conditions, they can also apply for withdrawing the balance from their housing provident fund accounts to pay rent, special property maintenance funds, property service fees and other expenses.

3. Who pays "five insurances and one gold"?

1. The basic old-age insurance, basic medical insurance and unemployment insurance in the "Five Risks" shall be jointly paid by the employer and the employees in proportion, and the expenses borne by individuals shall be withheld and remitted by the employer from the employees' wages; Work-related injury insurance and maternity insurance are paid entirely by the employer, without the need for workers to pay.

2. The housing provident fund shall be jointly paid by the individual employee and the employer, and the part paid by the individual shall be withheld and remitted by the employer in the employee's salary.