Description of enterprise social security payment

(1) What we usually call employee social security generally includes: old-age insurance, medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, which is referred to as five insurances for short. Among them, the payment obligations of endowment insurance, medical insurance and unemployment insurance are shared by employers and employees, and the specific payment ratio varies from province to province, while the payment obligations of work-related injury insurance and maternity insurance are all borne by employers.

(2) Social security of flexible employees (individuals) provides the most basic social security for flexible employees, mainly to promote the rational flow of labor and urbanization, and effectively protect the social security rights and interests of flexible employees, a special labor group.

2. These two kinds of insurance are different:

(1) The social security of employees in the company generally includes endowment insurance, medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, which is referred to as five insurances for short.

(2) Social security of flexible employees only participates in endowment insurance and medical insurance, and some areas can participate in unemployment insurance. The types of insurance are relatively simple.

3. The payment basis is different:

(1) The social security payment base paid by the company is: 300% of the average salary of employees in the previous year (300% of the monthly high salary); If it is lower than 60% of the social level, it will be paid at 60%). That is to say, it is linked to the average salary of employees themselves.

(2) The payment base of individual social security contributions is fixed at high, medium and low levels for individuals to choose, and the payment base of the three levels is between 60% and 300% of the social security level, so the choice is flexible.

4. Different payment amounts:

(1) Social security, old-age insurance, medical care and unemployment insurance paid by units are shared by units and individuals, with units accounting for the majority and individuals accounting for the minority. In addition, maternity insurance and industrial injury insurance are paid by the unit.

(2) The expenses paid by individuals for social security, old-age insurance and medical insurance are all borne by them, and the payment amount is relatively large.

5. Both have household registration restrictions:

(1) The social security paid by the company can be paid as long as you work full-time, whether local or foreign.

(2) Individuals who pay social security must be locals, and other places can only participate in employee social security, with certain geographical hukou restrictions.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.