Can the company buy social insurance for employees, and can it only buy work-related injury and medical insurance instead of pension insurance?
The employing unit shall pay social insurance for its employees in full and in full, and shall not only pay work-related injury and medical insurance. Paying basic endowment insurance premium is a common obligation of enterprises and employees. Endowment insurance, also known as old-age insurance, refers to the social security system in which the state legislates to compulsorily collect social insurance premiums and form pension funds. When workers retire, they pay pensions to ensure their basic living needs. It is one of the most important contents of the social security system. According to Article 58 of the Social Insurance Law of the People's Republic of China, the employer shall apply to the social insurance agency for social insurance registration for its employees within 30 days from the date of employment. If social insurance registration is not handled, the social insurance agency shall verify the social insurance premiums that should be paid. Individual businesses without employees who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The State shall establish a national unified personal social security number. The personal social security number is the citizen identity number. Do you understand this explanation?
