Payment standard of pension insurance in Liaoning province in 2023

The payment standard of old-age insurance is that the payment base is between 60% and 300% of the average annual salary of employees, with the unit payment ratio of 20% and the individual payment ratio of 8%.

Enterprise payment amount = approved total wages of enterprise employees × 20%; Individual contributions of employees = approved payment base ×8% (currently 8%)= total wages of employees ×60%~300%×8%.

How to pay personal endowment insurance?

Individuals need to apply to the social security bureau where the household registration is located to purchase endowment insurance. Procedures include: my ID card, two recent bareheaded one-inch photos, insurance premium, application form and so on. And can only apply for pension and medical insurance.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Tenth employees should participate in the basic old-age insurance, the basic old-age insurance premiums paid by the employer and employees.

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.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.