What are the four major risks in Shanghai?

Shanghai Four Risks refers to four social insurances: endowment insurance, medical insurance, industrial injury insurance and unemployment insurance.

The calculation of the four risks is based on the employee's salary, as follows:

1, the calculation of endowment insurance is 20% for the unit and 8% for the individual;

2. The calculation of medical insurance premium is 8% for the unit+supplementary medical care 1.2% = 9.2%, and 2% for the individual;

3. Calculation of unemployment insurance benefits, the unit is 2%, and the individual is1%;

4. The calculation of industrial injury insurance is 0.6% of the unit.

The functions of these four risks are as follows:

1, endowment insurance. Grandma who has paid 15 pension can enjoy the pension for life at retirement age, with 50 retired female employees, 55 retired individuals and 60 retired men.

2. Medical insurance. More than 85% of medical expenses are reimbursed. Enjoy medical insurance benefits for life after retirement, and the social security card will still be refunded. Individuals in the region who pay medical insurance will not be refunded, nor will they be refunded after retirement. After giving birth, women can reimburse the operation fee and the check-up fee, and receive maternity allowance.

3. Unemployment insurance. Have paid unemployment insurance 1 year, and receive unemployment benefits according to the payment period after unemployment (voluntary resignation is not considered unemployment);

4. Work injury insurance. Work-related injury insurance receives medical expenses and compensation when it encounters work-related injuries (all injuries during work are work-related injuries).

To sum up, Shanghai social insurance refers to four kinds of social insurance in Shanghai, namely, endowment insurance, medical insurance, unemployment insurance and industrial injury insurance, each of which has its own specific nature and applicable conditions.

Legal basis:

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 23

Employees should participate in the basic medical insurance for employees, and employers and employees should jointly pay the basic medical insurance premiums in accordance with state regulations. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.