Minimum payment base of endowment insurance in Xuzhou city

4250 yuan. Official website, Xuzhou Municipal People's Government, inquired that the minimum wage base of basic old-age insurance for employees in the province is 4,250 yuan. The full name of endowment insurance is social basic endowment insurance, which is a social insurance system established by the state and society for the basic life of workers after they reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.