Social insurance and housing fund (五险一金) are mandatory employer obligations in China. This guide explains what employers need to know about contributions and compliance.
The Five Insurances and One Fund
- Pension Insurance: Retirement benefits
- Medical Insurance: Healthcare coverage
- Unemployment Insurance: Job loss protection
- Work Injury Insurance: Accident coverage
- Maternity Insurance: Childbirth benefits
- Housing Fund: Home purchase support
Contribution Basics
Contributions are calculated based on employee salary, with:
- Employer portion (varies by city and type)
- Employee portion (deducted from salary)
- Minimum and maximum contribution bases
Compliance Requirements
- Register new employees within 30 days
- Make monthly contributions on time
- Update bases annually
- Handle transfers when employees leave
- Maintain proper documentation
Important: Social insurance compliance is strictly enforced. Non-compliance can result in penalties and affect business operations.
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