What does the social security pooling fund mean?

As a whole, the fund means that the state needs to solve the problems of unbalanced economic development and aging population in the process of the gradual transformation of the old-age insurance system from the state-unit system to the state-society system.

This semi-fund system, which combines social pooling with individual accounts, is conducive to coping with the crisis of China's aging population, gradually dispersing the transition cost from the old system to the new system, and gradually realizing the transformation from the enterprise pension insurance system to the individual pension insurance system.

Establish a social pooling fund based on enterprise contributions.

"Five insurances and one gold" refers to five kinds of insurance: including endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance; "One gold" refers to the housing accumulation fund.

Among them, endowment insurance, medical insurance and unemployment insurance are premiums paid by enterprises and individuals, while industrial injury insurance and maternity insurance are entirely borne by enterprises. Individuals do not need to pay fees. It should be noted here that "five risks" are legal, but "one gold" is not.

What is the payment ratio of "five insurances and one gold"?

1. Pension insurance payment ratio in Beijing: 20% for the unit (of which 17% is transferred to the overall fund, 3% to the personal account) and 8% for the individual (all transferred to the personal account); Proportion of medical insurance payment: unit 10%, individual 2%+3 yuan.

2. Payment ratio of unemployment insurance in Beijing: unit 1.5%, individual 0.5%; Industrial injury insurance determines the industrial injury rate according to the industry scope of the unit;

3. Beijing maternity insurance payment ratio: 0.8% for the unit, and no payment for the individual;

4. Beijing provident fund deposit ratio: according to the actual situation of enterprises, choose the housing provident fund deposit ratio. However, in principle, the maximum wage shall not exceed 10% of the average wage of employees in Beijing.

Personal social security payment process:

1. Individuals with urban or rural hukou can pay social security by themselves at local social security service points or at county-level social security bureaus. Individuals who pay social security can only pay endowment insurance and medical insurance;

2. Individuals can pay social security for themselves as freelancers. When paying social security, you need to bring your household registration book, ID card and copy, and prepare two one-inch photos. Then go to the local social security agency for handling;

3. When you apply for social security, you need to bind the bank card, mainly to deduct the fee automatically every month. You must remember to deposit the premium before the deduction date, otherwise it will be broken.

The social security payment period is as follows:

Generally speaking, social security needs to be paid 15 years to enjoy. Except for the local residents who have reached the age of 45 when the endowment insurance for urban and rural residents is implemented, the rest of them must have participated in social security 15 years or more, and can only go through retirement procedures and receive a monthly pension after retirement.

For those who have participated in the basic old-age insurance for employees, but the accumulated payment has not reached 15 years, they can pay all the time, and receive the pension after 15 years. Of course, you can also choose to transfer to the new rural social endowment insurance, or to the social endowment insurance for urban residents, and then receive pension insurance benefits in accordance with state regulations.

Legal basis:

People's Republic of China (PRC) social insurance law

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.