Payment standard of endowment insurance for flexible employees in Hainan Province

What is the payment standard of endowment insurance for flexible employees in Hainan Province?

According to different grades, the pension insurance payment standard for flexible employees in Hainan Province is divided into three grades, which are 60%, 80% and 100% respectively. The specific payment base can be selected independently according to personal income, but the maximum is not more than 300% of the average monthly salary of employees in Hainan Province in the previous year, and the minimum is not less than 60% of the average monthly salary of employees in Hainan Province in the previous year.

Flexible employees to participate in the basic old-age insurance for urban workers, the payment base in accordance with Hainan Province last year, the average monthly salary of employees 60% to 300% to determine, divided into three grades, individuals voluntarily choose grades. Those who participate in the basic old-age insurance for flexible employees in Haikou, Sanya and Yangpu Economic Development Zones shall pay the basic old-age insurance premium according to 6% of the actual income; Those who participate in the basic old-age insurance for flexible employees in other areas as a whole will choose their own payment base according to 60% to 300% of the average salary of employees in full-caliber urban units in Hainan Province, and pay the basic old-age insurance premium according to the proportion of 20%.

To sum up:

The payment standard of endowment insurance for flexible employees in Hainan Province is divided into three grades according to different grades, which are independently selected by individuals. The payment base is determined according to 60% to 300% of the average monthly salary of employees in Hainan Province last year. Those who participate in the basic old-age insurance for flexible employees in Haikou, Sanya and Yangpu Economic Development Zones shall pay the basic old-age insurance premium according to 6% of the actual income; Those who participate in the basic old-age insurance for flexible employees in other areas as a whole will choose their own payment base according to 60% to 300% of the average salary of employees in full-caliber urban units in Hainan Province, and pay the basic old-age insurance premium according to the proportion of 20%.

Legal basis:

Article 10 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium." Article 12 stipulates: "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 participate 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 personal account respectively."