What do you mean by labor insurance?

In China, labor insurance is social security.

Social insurance is a social security system in which the state legislates and the society centrally sets up funds, so that workers can get compensation and help from the state and society in cases of old age, illness, work injury, unemployment and maternity.

Including: pension, medical care, unemployment, work injury, maternity.

Proportion of four contributions: individual contribution and company contribution.

Endowment insurance = base ×8%+ base ×22% (this ratio seems to have been changed only recently)

Medical insurance premium = base ×2%+ base × 12%

Unemployment insurance = base × 1%+ base ×2%

Housing accumulation fund = base ×7%+ base ×7%

Among them, the part paid by individuals is the left part, that is, 8%+2%+ 1%+7%= 18%, and the rest of the right part is paid by the company, totaling 22%+12%+7% = 43%.

Definition of the base of four gold contributions:

Generally, the four gold base is the monthly salary, but if the salary is high (for example, more than three times the average monthly salary in your city last year), then the base is at the top. And if the salary is particularly low (for example, lower than 60% of the average monthly salary in your city last year), the base also has a back cover.