From 1991 to 1994, Nanyang Cotton Mill paid 200 yuan in social security every month.
In 1990, the pension insurance payment ratio was: 20% for units (all transferred to the overall fund) and 8% for individuals (all transferred to personal accounts).
Medical insurance payment ratio: 8% for the unit, 2% for the individual; Unemployment insurance payment ratio: 2% for the unit, 1% for the individual; Work-related injury insurance payment ratio: The unit pays 1% for you every month, and you don’t have to pay a penny; Maternity insurance
Payment ratio: The employer pays 1% for you every month, and you don’t have to pay a cent. Provident fund payment ratio: 5%-12%. The employer can decide and adjust it within this range. The common rate is 8%.