How much old-age insurance does the base number 4242 pay in January

When the base number is 4242, the monthly pension insurance cost is calculated as 339.36 yuan for individuals and 848.4 yuan for units. The specific calculation may vary according to regions and policies. For accurate information, please consult the local social security department or insurance institution.

The calculation of endowment insurance expenses is usually based on the wage income of the insured and the proportion of social insurance contributions. The proportion of social insurance contributions in different regions may also be different. In Chinese mainland, under normal circumstances, the cost of endowment insurance is shared by individuals and units, with the proportion of individual contributions being 8% and that of unit contributions being 20%.

For the case that the base number is 4242, we can first calculate the payment base of individuals and units. The individual's payment base is usually related to the individual's salary income, and the unit's payment base is usually related to the insured's salary income.

Assuming that both the individual contribution base and the unit contribution base are 4242, then the monthly pension insurance premium that individuals need to pay is: 4242 * 8% = 339.36 yuan. The monthly endowment insurance premium that the unit needs to pay is: 4242 * 20% = 848.4 yuan.

It should be noted that the above calculation is only a general example. The specific calculation of endowment insurance costs may be different due to different regions and policies. It is recommended that you consult the local social security department or professional insurance institutions to obtain accurate information on the cost of old-age insurance.

The calculation of endowment insurance expenses is determined according to the individual's payment base and proportion. Generally speaking, the payment base is determined according to the individual's wage income, and there are usually minimum and maximum restrictions. The proportion of payment is determined according to the relevant provisions of the state and is generally shared by individuals and units. Specifically, the calculation formula of individual endowment insurance cost is: individual contribution base × contribution ratio. Generally, there are two payment methods, one is personal payment, which can be made by bank transfer or cash payment; The other is the unit payment, and the unit will directly deduct the corresponding pension insurance expenses when paying wages. Either way, the payment should be made in full and on time to ensure the individual's pension insurance rights and interests.

Legal basis:

People's Republic of China (PRC) Social Insurance Law;

Chapter II Basic Endowment Insurance

Tenth employees should participate in the basic old-age insurance, and employers and employees should 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.