What does social security equipment mean?

Social security gear usually refers to the social insurance payment grade, which is divided according to the wage income of the insured and the average social wage. In China, the social security payment grades are divided into the lowest grade (40%), the first grade (60%), the second grade (80%) and the third grade (100%), which reflects that the social insurance premiums that the insured should pay account for the majority. If the average social wage in the previous year was 3,000 yuan, and 80% of the payment grade is selected, the monthly social insurance premium payable by enterprise employees is 8%, namely 192 yuan. The higher the payment level, the more pensions you will receive in the future, but it also depends on the number of years you have paid social security. Different types of insured persons, such as employees of private enterprises and state-owned enterprises, may need to pay different social security grades according to their occupations and income levels. Generally speaking, employees of private enterprises may be required to pay the lowest grade or the first grade, and employees of state-owned enterprises may be required to pay the second grade or the third grade. In addition, the level of social security contributions is also related to the principles and treatment of medical care. For example, social security level I can enjoy preferential policies in all hospitals, while social security level II can only enjoy preferential policies in designated hospitals or outpatient clinics.