Is there a big difference between paying 60% and 100% for social security?

The difference between paying 60% and 100% for social security is that the contribution base is different, the salary received for retirement is different, and the expenditure for contribution is different.

1, the contribution base is different.

One is to pay 60% of the average social wage, and the other is to pay 100% of the average social wage, the base of the contribution directly determines the amount of the pension or less.

2, the different wages received by the retirement.

The pension is related to the local social wage, contribution base and contribution time 1 year before retirement, 100% contribution base is high. Longer contribution time, more pension.

3. The expenditure of contribution is different.

People choose to 60% file and 100% file of the pressure borne by different, the lowest file of the payment time shall not be less than 60% of the average monthly salary of social workers. The expenses for paying 60 percent are relatively less.

Social insurance payment ratio:

Social security contribution ratio consists of individual contributions and unit contributions, social security contributions to the amount of each region's regulations are different, the base is based on the total wage as the base. As the contribution base and treatment compensation base of the five major types of social security, including pension, work injury, medical care, maternity and unemployment, are all linked to the average salary of the previous year's on-the-job workers, an increase in the average salary level will bring about adjustments to the various types of social security insurance.

The basic pension is: the average monthly salary of a person in a job in the previous year in the participant's province + the indexed average monthly contribution salary (the index of the average cost of the participant's pension insurance contributions x the average monthly salary of the previous year at the time of retirement)2 x the number of years of contributions x 1 percent.

If the number of years of social security contributions is the same, the amount of the basic pension depends entirely on the average contribution index of the participant, so the more the amount of pension contributions and the more the number of years of contributions, the more the pension will be obtained in the end.