(1) "Five insurances and one fund", the five insurances refer to pension insurance, medical insurance, unemployment insurance, work-related injury insurance and maternity insurance.

The first fund refers to the housing provident fund, of which pension, medical unemployment insurance and housing provident fund are paid jointly by the enterprise and employees, while work-related injury insurance and maternity insurance are entirely unilaterally borne by the enterprise.

The payment ratio is generally as follows: Pension insurance: 8% for individuals and 20% for units; Medical insurance: 2% for individuals and 10% for units; Unemployment insurance: 1% for individuals and 2% for units; Housing Provident Fund: 2% for individuals and 2% for units.

The unit pays the same proportion, ranging from 5 to 12%, determined by the employer.

The specific payment ratio is determined by each region based on actual conditions.

(2) The benefits of paying five social insurances and one fund are: 1. Social security provident fund payments are tax-free. Not only are personal income taxes not deducted when paying, nor personal income tax is deducted when benefits are received, but interest taxes are not deducted from special accounts.

2. Pay pension insurance for the minimum number of years. After reaching the legal retirement age, you can retire and receive a monthly pension.

3. Pay medical insurance to get reimbursement from medical insurance.

4. Paying maternity insurance can reimburse the cost of prenatal examination, family planning surgery and delivery surgery.

5. By paying unemployment insurance, you can receive unemployment insurance benefits and other subsidies when you lose your job.

6. Paying for work-related injury insurance can provide compensation for work-related accidents or occupational diseases.