Generally speaking, it is "five insurances and one gold", which refers to five kinds of insurance, including endowment insurance, medical insurance, unemployment insurance, work 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 insurances" are required to be purchased by law, while "one gold" is not required to be purchased by law. Enterprises decide whether to purchase according to the actual situation. The calculation formula of "five insurances and one gold" is: monthly payment amount = monthly payment base × payment coefficient, where the monthly payment base is personal pre-tax salary; (The upper and lower limits of bases vary from place to place) Payment coefficient: basic old-age insurance: 8% for individuals, 20% for enterprises, basic medical insurance: 2% for individuals, 8% for enterprises, unemployment insurance: 1% for individuals, 2% for enterprises, maternity insurance: 0.9% for enterprises, and 0.5% for enterprises (the contribution coefficient of industrial injury insurance will be slightly different for different enterprises). Everyone in each unit has their own different payment base, which is also the reason why everyone's account is deducted more and less every month. Units have the right to determine the payment base of their employees, but the determination of the minimum social payment base depends on the average social wage of the whole city in the previous year. Minimum payment base = X60% of the social evaluation salary of the previous year. For example, the average social wage in Qingdao in 2003 was 1 180 yuan, so the minimum social security payment base in 2004 should be 708 yuan, and the average social wage in 2004 was 133 1.6, so the minimum social security payment base in 2005 was 799 yuan. No matter whether the minimum wage set by the unit is 500 or 800, the social security department will take 799 yuan as the minimum payment starting point. In other words, if your actual salary is less than 799 yuan, then your payment base is still 799 about housing provident fund: housing provident fund can not be mentioned at ordinary times, only when you apply for a housing provident fund loan. After the application for provident fund loan is completed, it will be withdrawn once a year.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.