How do companies and individuals in Wuhan calculate the social security payment ratio?

The social security payment ratio in Wuhan is stipulated according to the national and local policies, which involves the payment ratio of both companies and individuals.

I. Types of Social Security and Payment Proportion

In Wuhan, social insurance mainly includes endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. The proportion of each insurance is different, and the proportion of companies and individuals is also different.

Old-age insurance: companies usually have to bear a higher proportion of old-age insurance costs, while individuals need to pay a certain proportion of wages. The specific proportion will be adjusted according to Wuhan's policies.

Medical insurance: the proportion of medical insurance payment is also shared by companies and individuals. Companies usually bear a large proportion, and individuals pay according to a certain proportion.

Unemployment insurance: The proportion of unemployment insurance is also shared by companies and individuals. The specific proportion will be adjusted according to national and local policies.

Work-related injury insurance: Work-related injury insurance is mainly borne by the company, and individuals generally do not need to pay it.

Maternity insurance: The proportion of maternity insurance is also shared by companies and individuals, but the specific proportion may be different due to different regional policies.

Second, the salary base and payment amount

The amount of social security payment is usually calculated on the basis of salary. The salary base refers to the amount of wages used to calculate social security contributions, and the specific amount will be adjusted by government departments every year or every few years. The payment amount is calculated according to the salary base and the corresponding payment ratio.

Third, the payment process and matters needing attention

In Wuhan, both companies and individuals need to pay social security fees according to the prescribed time and method. Under normal circumstances, the company will withhold the part that the individual should pay from the employee's salary and pay it to the social security agency together with the part that the company should pay. Individuals need to check the social security payment records to ensure that their rights and interests are protected.

To sum up:

The social security payment ratio in Wuhan is stipulated according to the national and local policies, which involves the payment ratio of both companies and individuals. The specific proportion will vary according to the type of social security, and the payment amount is calculated according to the salary base and the corresponding payment proportion. Individuals and companies need to pay social security fees in accordance with the prescribed procedures and time to ensure that their rights and interests are protected.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10 stipulates:

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

People's Republic of China (PRC) social insurance law

Article 23 provides that:

Employees should participate in the basic medical insurance for employees, and employers and employees should pay the basic medical insurance premiums in accordance with state regulations.

People's Republic of China (PRC) social insurance law

Article 44 provides that:

Employees should participate in unemployment insurance, and employers and employees should pay unemployment insurance premiums in accordance with state regulations.