What Is Social Insurance?

Social insurance fund refers to a fund formed by the insurance premium paid by the insured. When the insured encounters misfortune or loss, the insurance fund can be used to compensate. Social insurance is compulsory and is enforced by the state through legislation.

Social insurance

Social insurance fund refers to a fund formed by the insurance premiums paid by the insured. When the insured encounters misfortune or loss, the insurance fund can be used for compensation.

Social insurance benefits include medical treatment, work injury, unemployment, retirement, maternity

Medical individual 2% + unit 8%

Work Injury Individual 0% Unit Press

The accrual ratio is the same for each locality and unit according to national regulations, but

Social insurance and

The eighth meeting of the Standing Committee of the Twelfth National People's Congress was held in Beijing on the 21st. When explaining the draft interpretation of the relevant provisions of the criminal law to the General Assembly, it was revealed that China's intention to defraud social insurance payments and destroy wildlife resources will be held criminally responsible ^[1]

If you are already working, check to see if your organization has paid social insurance premiums for you.

"Five insurances and one fund", the specific five insurances are: endowment insurance, medical insurance, unemployment insurance, maternity insurance and work injury insurance; one fund is: housing provident fund.

1. Endowment insurance: Unit: 22%, individual 8%

2. Unemployment insurance: Unit: 2%, individual 1%

3. Maternity insurance: fully borne by the unit (0.5%)

4. Work injury insurance: all borne by the unit (0.5%)

5. Medical insurance: Unit: 12%, individual 2%

6. Provident Fund: Unit: 7%, Individual 7%

For employees, the provident fund is the "housing provident fund"; the proportion of specific units and individuals assumes 50% each, which is calculated based on the individual's average annual salary. The state regulations are: the housing provident fund is not less than 10% of the salary, Units with good efficiency can be higher, and employees and units each bear 50%. So it is very cost-effective to pay housing provident fund for employees!

In terms of the "five insurances", the proportion of commitments by units and individuals is generally: 20% for endowment insurance units, 8% for individuals; 6% for medical insurance units, 2% for individuals; 2% for unemployment insurance units, 1% for individuals; fertility 1% of the insurance is entirely borne by the unit; 0.8% of the work-related injury insurance is also borne by the unit, and individual employees do not bear maternity and work-related injury insurance.

In terms of content, social insurance refers to the adoption of national legislation, taking workers as the object of protection, taking workers' age, illness, disability, unemployment, death and other special events as the guarantee content and featuring government enforcement. A guarantee system.