How much does employee pension insurance cost a year?

How much does it cost to pay employee pension insurance for one year? It depends on the specific regulations of your place.

The amount of supplementary endowment insurance for employees is usually calculated according to the average wage of social workers in the previous year, unpaid index, payment ratio and supplementary coefficient. The specific calculation formula is: the payment amount of endowment insurance = the average salary of social workers in the previous year multiplied by the unpaid index of the year to be paid, multiplied by the payment ratio multiplied by the payment coefficient.

Social security contribution ratio:

1, according to the national regulations, the contribution ratio of endowment insurance generally consists of two parts: individual contribution and unit contribution;

2. The proportion of individual contributions is usually around 8%, and the specific proportion varies according to local policies;

3. The proportion of unit payment is relatively high, generally between 16%-20%, and it will also change according to regional policies;

4. The payment base of endowment insurance is usually based on the average monthly salary of employees, but there are restrictions on the highest and lowest payment bases;

5. There will be supplementary endowment insurance in some areas, and the proportion and method of payment will be decided by enterprises themselves.

To sum up, the amount of supplementary endowment insurance for employees needs to be determined according to specific regulations, and the calculation formula includes the average salary of social employees in the previous year, unpaid index, contribution ratio and supplementary coefficient. At the same time, if the accumulated payment period is insufficient, it may be necessary to postpone retirement until the specified period is reached.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. 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 have participated 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 individual accounts respectively.