What is the nature of social security paid by private enterprises?

Hello, 1. Social security paid by enterprises belongs to urban workers' social security.

Enterprises bear part of the overall expenses (the proportion of endowment insurance is 16%), and individuals bear part of the expenses (the proportion of endowment insurance payment is 8%), which are withheld and remitted by enterprises.

2. There are two kinds of social security paid by individuals: one is social security for urban workers; The second is social security for urban and rural residents.

Individuals can choose to pay social security for urban workers by flexible employment, and the proportion of old-age insurance payment is 20%( 12% is included in the overall account, and 8% is included in the personal account), and it is paid monthly; You can also choose to pay social security for urban and rural residents, and pay it annually, and the payment cost is relatively low.