Is social security graded?

Social security has four grades, the lowest grade is 40%, the first grade is 60%, the second grade is 80%, and the third grade is 100%. The higher the level, the more fees will be paid, and the specific level of payment is related to personal occupation and income. Generally, private enterprises pay the lowest grade or the first grade, while state-owned enterprises pay the second or third grade. The higher the grade, the more pension you can receive after retirement.

Social security classification generally refers to the classification of endowment insurance, which is usually divided into seven grades, that is, payment is made according to the local average wage of 60%, 80%, 90%, 100%, 150%, 200% and 300%, but some areas are divided into five grades, so local policy standards should prevail.

Social security generally refers to a social and economic system that provides income or compensation for people who have lost their ability to work, are temporarily unemployed or suffer losses due to health reasons. It mainly includes medical insurance, endowment insurance, unemployment insurance, maternity insurance (merged with medical insurance) and industrial injury insurance.

I hope the above contents are helpful to you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 64 of People's Republic of China (PRC) Social Insurance Law includes basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.