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Calculation of social security payment base formula
The formula is divided into endowment insurance, medical insurance and unemployment insurance.
1. Pension insurance unit: the payment amount is equal to the pension payment base multiplied by the payment ratio (generally 20%), and the individual payment amount is equal to the pension payment base multiplied by the payment ratio (generally 8%).
2. Medical insurance: the unit payment is equal to the medical payment base multiplied by the payment ratio, and the individual payment is equal to the medical payment base multiplied by the payment ratio.
3. Unemployment insurance: the unit payment is equal to the unemployment payment base multiplied by the payment ratio, and the individual payment is equal to the unemployment payment base multiplied by the payment ratio.
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