Pingdu City’s minimum standards for five insurances and one housing fund

The minimum standards vary from province to province, please consult the local social security department.

If you want to know the minimum standards for five insurances and one fund in 2017, you should first understand the minimum payment base and payment ratio.

1. Minimum payment base

The payment base of social security refers to the salary base used by enterprises or individual employees to calculate social insurance premiums. The social security payment base in each region is linked to local average wage data. It is determined based on the monthly average of all wage income earned by employees from January to December of the previous year. According to my country's current relevant regulations, 60% to 300% of the average salary of the previous year is the base for payment of five insurances and one housing fund. To put it simply, if the average social salary is 1,000 yuan, the base payment can be 600 yuan to 3,000 yuan. Therefore, if you want to know the minimum standards of five insurances and one housing fund in 2017, you need to know the local average salary. You can go to your local social security website to check.

2. Payment ratio

The payment ratio of five insurances and one fund. The social security payment ratio is composed of individual payment and unit payment. The social security payment limit has different regulations in each region. Taking Beijing as an example, the payment ratios for five social insurances and one fund in Beijing are:

Pension insurance: 20% for enterprises and 8% for individuals;

Unemployment insurance: 1% for enterprises and 0.2% for individuals;

Work-related injury insurance: calculated according to the industry rate of the industry to which the enterprise belongs;

Maternity insurance (for those with Beijing residence permit in this city and other towns): 0.8% for enterprises;

Medical insurance: 12% for enterprises, 2%+3 for individuals;

Housing provident fund: generally 8%.

So after understanding the local average salary and contribution ratio, you can know the local minimum standards for five insurances and one fund in 2017.

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