Jiujiang Bank paid five insurances and one gold as soon as it joined the company. Bank employees will pay five insurances and one gold for you from the month they sign the contract. The bank is still an enterprise, so the enterprise labor law stipulates that as long as a labor contract is signed or a factual labor relationship is formed, the enterprise must pay five insurances and one gold for its employees, and the payment of endowment insurance is paid to you from the month you go to work.
the role of five insurances and one gold
the more individuals pay, the more the unit will invest for you. Five insurances and one gold payment are the same base, and units and individuals bear different proportions. The unit payment is about 2 times that of individuals. The payment of social security accumulation fund is tax-free, not only personal income tax is not deducted when paying, but also personal income tax is not deducted when receiving benefits, and interest tax is not deducted from special accounts.
Pay the old-age insurance and meet the minimum age. After reaching the statutory retirement age, you can apply for retirement and receive a monthly pension. Pensions can be collected until death, and with the improvement of social living standards, they will only increase but not decrease, and the capital increase will be adjusted every year, which can ensure the stability and reliability of old age.