Proportion of supplementary endowment insurance provision

Legal analysis: The payment ratio of supplementary endowment insurance is as follows: Employers and individuals use the average monthly salary of individuals in the previous year as the payment base, and if the average monthly salary of individuals in the previous year is lower than 60% of the average monthly salary of employees in this city, 60% of the average monthly salary of employees in this city in the previous year is the payment base, and 300% of the average monthly salary of employees in this city in the previous year is the payment base. If the average monthly salary of an individual in the previous year exceeds the average monthly salary of employees in the previous year of this Municipality, 50% of the excess shall be paid into the individual supplementary endowment insurance account.

Legal basis: Article 7 1 of the Labor Law of People's Republic of China (PRC) stipulates that the level of social insurance should be compatible with the level of social and economic development and social affordability. Article 72 The sources of social insurance funds shall be determined according to the types of insurance, and social pooling shall be gradually implemented. Employers and workers must participate in social insurance and pay social insurance premiums according to law.