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How much does social security pay every month?
Social security pays 400 RMB every month. According to China People's Congress Network, Article 12 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the employer shall pay the basic old-age insurance premium in proportion to the total wages of its employees in accordance with state regulations and record it in the basic old-age insurance pooling fund. The social insurance premium is paid by the employer 20% and the individual 8%. 400 yuan, the social insurance premium, is deducted every month, and the amount paid by the company is 1 000 yuan, and the personal social insurance premium is paid every month. Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.
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