What does the payment base mean? Does it have anything to do with the amount of pension?

Refers to the payment base of endowment insurance, which is used to calculate the proportion of endowment insurance that should be paid now.

Mainly related to my salary base, the larger the payment base, the higher the monthly cost and the less money I get; But it has nothing to do with the future pension amount and the average social wage.

The payment base of China's endowment insurance is generally calculated according to the average salary of employees in the previous year.

The minimum payment base of endowment insurance is 60% of the annual social average wage in the insured area, and the maximum payment base is 300% of the annual social average wage in the insured area. Each city has its own social security payment base, usually with upper and lower limits.

If the actual income is higher or lower than the average social wage, the base of endowment insurance needs to be adjusted accordingly.

How much is the endowment insurance?

In social security, the contribution ratio of five insurances, namely, endowment insurance, medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, is different. Let's take a look at the payment ratio and base of endowment insurance.

The payment ratio of endowment insurance is divided into unit payment and individual payment.

Unit contribution ratio: 16%, individual contribution ratio: 8%. The expenses paid by the unit enter the overall account, and the expenses paid by the individual enter the personal account.

The payment base of endowment insurance is the basis for us to calculate the payment amount of employee endowment insurance. Monthly payment, directly deducted from the employee's salary. Moreover, employees and enterprises have different payment bases and different payment ratios. We can look at it from another angle:

1. If the enterprise pays, the payment base of our endowment insurance is the sum of the wages of all employees of the enterprise, and the payment ratio is 20%;

2. If it is paid by individual employees, the payment base of endowment insurance is generally employee information, but there is a range that should be within 60%-300% of the local average wage level, otherwise the corresponding upper and lower limits will be used as the payment base.

Legal basis:

Article 10 of the Social Insurance Law of People's Republic of China (PRC) * * * Employees shall participate in the basic old-age insurance, and both employers and employees shall pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.