According to "People's Republic of China (PRC) Social Insurance Law" and "People's Republic of China (PRC) Labor Contract Law", the employer shall pay social insurance premium and housing accumulation fund for employees according to law to protect their basic rights and interests. In Dezhou City, the employer shall pay social insurance premiums and housing accumulation funds in accordance with relevant national and local regulations. Specifically, the minimum standard of five insurances and one gold in Texas is determined by 20% of social security expenses. Among them, pension insurance cost 12%, medical insurance cost 8%, unemployment insurance, work injury insurance and maternity insurance cost 0.5%. It should be noted that this is only the minimum standard, and the employer can appropriately increase the payment ratio of social security and housing provident fund according to the actual situation. At the same time, the employer should also provide employees with occupational health examination, work injury insurance, maternity insurance and other services in accordance with relevant regulations to protect the health and basic rights and interests of employees.
Is the social security and housing accumulation fund in Texas paid according to the minimum standard? Not necessarily. Although Dezhou has stipulated the minimum standards of social security expenses and housing provident fund, the employer can make appropriate adjustments according to the actual situation to increase the ratio of social security and housing provident fund. Specific payment standards also need to refer to relevant national and local regulations, and should fully protect the basic rights and interests of employees.
The minimum standard of five insurances and one gold in Texas is 20% of the social security fee. The employing unit shall pay social insurance premiums and housing accumulation funds for employees according to law, and provide services such as occupational health examination, work injury insurance and maternity insurance for employees. At the same time, employers should appropriately increase the proportion of social security and housing provident fund according to the actual situation to protect the basic rights and interests of employees.
Legal basis:
People's Republic of China (PRC) Labor Law Article 70 The state develops social insurance, establishes a social insurance system and a social insurance fund to help and compensate workers in cases of old age, illness, work injury, unemployment and maternity.