What does social security mean?

Legal analysis: the annual salary including social security refers to the annual salary without deducting the five insurance fees payable each year, which can also be called the annual salary payable. The actual salary paid each year refers to the salary that should be paid after deducting the expenses of five insurances and one gold, deducting taxes and fees, and adding various bonuses and subsidies. The payment base of social security is determined according to my average monthly salary in the previous year. The proportion of social security payment is stipulated by local social security bureaus, and the proportion of social security payment is different in different regions.

Legal basis: Article 12 of the Social Insurance Law of People's Republic of China (PRC), the employer shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.