What basic endowment insurance should employers pay?

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.

The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

The employer shall pay the basic old-age insurance premium in accordance with the following proportional standards:

1, 20% of the unit is transferred to the overall fund, and 8% of the individual is transferred to the personal account. Pension is equal to basic pension plus personal account pension;

2. Personal account pension is equal to the amount of personal account storage divided by the number of months, which is determined according to the retirement age and the average life expectancy of the population at that time;

3. The basic pension is equal to the average monthly salary of employees in the province last year plus my indexed monthly average payment salary divided by 2 times the payment period multiplied by 1%, and equal to the average monthly salary of employees in the province last year plus my average payment index divided by 2 times the payment period multiplied by 1%.

Payment wages shall not be less than 60% of the average wage of workers in the province last year, nor higher than 300% of the average wage of workers in the province last year, that is, the payment below 60%, and the payment base above 300% shall not be included. More than 60% less than 300%, according to the actual total wages of employees truthfully declare. It is illegal to ignore, underreport or overstate the payment base.

The basic old-age insurance combines social pooling with individual accounts, and the expenses are shared by employers and employees. Among them, the unit pays the pension insurance social pooling fund according to the proportion of 16% or 20%, which is included in the pooling account; Personal account pension is withheld at 8%. For example, the average monthly salary of an individual last year was 6,000 yuan, and the unit declared it according to the payment base of 6,000 yuan. Personal monthly deduction of 60,000 yuan ×8%=480 yuan/month; Unit payment is 60,000 yuan × 16%=960 yuan/month.

Legal basis:

Article 12 of the Social Insurance Law stipulates that the employer 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.