New social security policy rate

Legal analysis: 1. From May 20 16 and 1 year, the provinces (autonomous regions and municipalities) that pay more than 20% of the basic old-age insurance for enterprise employees will reduce the unit contribution ratio to 20%; For provinces (autonomous regions and municipalities) where the unit contribution ratio is 20% and the accumulated balance of the basic old-age insurance fund for enterprise employees at the end of 20 15 can be paid for more than 9 months, the unit contribution ratio can be reduced to 19% by stages, and the period of reducing the rate is temporarily implemented for two years. The specific plan is determined by the provinces (autonomous regions and municipalities); 2.20 1 May 61day, the total unemployment insurance rate can be reduced to 1%-1.5% in stages on the basis that it has been reduced in 20 15 years, in which the individual rate does not exceed 0.5%. The specific scheme is as follows. 3. All localities should continue to implement the the State Council 20 15 decision and relevant policies and regulations on reducing the average rate of work-related injury insurance by 0.25 percentage points and the rate of maternity insurance by 0.5 percentage points to ensure that the policies are put in place;

Legal basis: According to Article 15 of the Civil Law of People's Republic of China (PRC), basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.