1. What is Social Old-Age Insurance?
Social old-age insurance includes multiple levels of old-age insurance such as basic old-age insurance, local supplementary old-age insurance, and enterprise supplementary old-age insurance.
2. Scope of Application for Social Old-Age Insurance
Basic old-age insurance applies to enterprises in Shenzhen (including public institutions managed on an enterprise basis, non-enterprise private organizations) and their employees; local supplementary old-age insurance applies to enterprises in Shenzhen that participate in the basic old-age insurance and their employees with local household registration.
3. Determination of Contribution Wages for Social Old-Age Insurance
The payment of old-age insurance premiums is based on the employee's monthly...